Daily Briefing – September 8, 2020

Published on
September 8th, 2020
Duration
28 minutes


Daily Briefing – September 8, 2020

Daily Briefing ·
Featuring Jack Farley, Ash Bennington, and Jared Dillian

Published on: September 8th, 2020 • Duration: 28 minutes

Real Vision senior editor Ash Bennington is joined by Jared Dillian, editor of The Daily Dirtnap, to discuss the dramatic turmoil playing out in equity markets. Dillian discusses how the speculative bets in derivatives markets affect price action, and provides greater clarity on Softbank's role in the ongoing saga. Dillian and Bennington also discuss Tesla's selloff, the upcoming Canadian election, and the U.S. dollar. In the intro, Jack Farley explores the true effect of Softbank's call-buying.

Comments

Transcript

  • JS
    Jon S.
    9 September 2020 @ 03:14
    Ash is such a great interviewer- why are you not interviewing on RV Plus? Can you one day be the interviewee and make a video on your method of interviewing I know this is not investing related but how to ask questions is an essential skill. Many thanks.
    • AH
      Attila H.
      9 September 2020 @ 05:29
      I agree, Ash asking excellent questions from the guest squeezing out tons of information out of them
    • AB
      Ash B. | Real Vision
      9 September 2020 @ 06:37
      Jon + Attila: First, thank you both for your kind words. Now that we've spun up The Exchange platform on RV, there are all kinds of possibilities for the content we can do. What sort of topics would be interesting for you guys about interviewing? Thanks, Ash
    • DL
      Dan L.
      9 September 2020 @ 13:53
      Ash: Traders with skin in the game discussing methodology and perspective is almost always a good bet, although, of course, no one ever wants to give up their “secret sauce.” I think you have a particular talent for explicating the jargon in a way that keeps the conversation going and brings in a wider viewing audience. That is always key, regardless of the specific subject matter. It helps viewers to create their own opinions.
    • JS
      Jon S.
      10 September 2020 @ 18:41
      Sorry for the belayed response. To me the most valuable asset of interviewing I am learning from Ash is how he naturally ask questions which magically bring the interviewee to say what we all want to listen to and might have not said if Ash would have not ask the question. I think any suggestions on how to ask questions as Ash and the comments in between he makes to keep the flow of the conversation will be useful. Thank you Ash!
  • MS
    Michael S.
    9 September 2020 @ 14:40
    I wouldn't say it's a done deal that Canada is going to become this giant UBI and MMT experiment. Trudeau has a minority government, so after making the Throne speech in a couple of weeks he needs it pass parliament or face a non confidence vote and an election. Now everyone assumes that the Liberal Government will receive the necessary support to pass the Throne speech from the NDP. However, I feel there might be some risk there because from all indications what Trudeau and the Liberals are going to announce in the Throne speech will basically make the NDP as a political party irrelevant.
    • PW
      Phil W.
      9 September 2020 @ 21:06
      Yes, I guess time, very short, will tell on Canada. I think we are heading to a GE this fall
  • DS
    David S.
    8 September 2020 @ 23:47
    Very solid interview. Excellent questions, practical answers. The Canadian issue is probably off most investors' radar. I would like to see a lot of experimentation on automatic government payments elsewhere before the US gets all excited about it. I believed it was tried in Sweden and did not work out. I certainly agree on calling an election in Canada if the Liberals want to jump into MMT. The Conservatives should have a good platform. Canada at one time hat about 46 tons of gold in their reserves around 2000. Canada currently has no gold in their reserves. I am not sure it was a good idea to sell all the gold. Once the gold was minted into coins and sold, it was gone forever. DLS
    • mB
      marc B.
      9 September 2020 @ 05:39
      Wow, that is shocking Canada holds no gold? So much is produced there. They have a ton of natural resources no? With a down dollar and boom commodity market for the next decade that some are calling out that would be good? They also are trying to be a major exporter of cannabis. That could yield more than wine exports in US. One thing we dont talk about as investor is the crime rates of the universal basic income. Im tired of violence and want peace. US cities are crazy and angry. Some crime areas in US cities have issued $1k per month and violence dropped. Of course there bankrupt but less people dying.
    • DS
      David S.
      9 September 2020 @ 18:33
      I lived in Toronto for five years from 1975 - 1980. It was very safe and a wonderful place to live at that time. I believe Canada chose to use their gold to make and sell gold coins. If so, that revenue is spent. Paying everyone to not commit crimes seems like blackmail to me. The amount to keep them happy will keep going up. The classic way would be to pay for more and better policing, job training better schools. I do not know if the classic way will work anymore. DLS
  • RY
    Roy Y.
    9 September 2020 @ 16:41
    Superb daily briefing
  • GK
    Gautam K.
    9 September 2020 @ 14:14
    One of the best Daily Briefing, Jared was extremely insightful esp. on Canada.
  • DS
    David S.
    9 September 2020 @ 00:21
    Good interview. More free stuff for the unwashed masses. If I was an essential sub, I'd be a little pissed that 1/2 my paid for sub is free...just sayin'
    • RK
      Robert K.
      9 September 2020 @ 00:51
      Totally agree
    • RM
      Robert M.
      9 September 2020 @ 00:55
      Something I have complained about to "management" are the way the different levels are structured. Didn't realize 50% of Essential was free. Guess that offsets the 50% discount for resigning.
    • CS
      Chris S.
      9 September 2020 @ 08:25
      Agree. If this content remains free, the Essential tier is not worth renewing.
    • LL
      Ludovico L.
      9 September 2020 @ 10:47
      Ehm, free as in it is published on YT quite some time after or just that some of it is free? (Essential sub here...)
    • CS
      Chris S.
      9 September 2020 @ 13:05
      It's available on the itunes podcast now What's the benefit of being an Essential tier member? Just asking
  • DL
    Dustin L.
    9 September 2020 @ 10:43
    great video..I.would be happy to see more of Tony Greer and Jared Dillian. I think a good mix between more technical sentiment driven traders and fundamental analysis such as by Ed Harrison and Raoul Pal deliver the best combination to guide us through the current situation. Roger Hirst has been also great. Thanks
  • DT
    David T.
    9 September 2020 @ 10:24
    It was OK
  • SB
    Stewart B.
    9 September 2020 @ 09:38
    Great guest for the Daily Briefing. Please have Jarad back for it. I particularly enjoyed the discussion on delta hedging effects in volatile vs non-volatile markets, Canada's spending, and Tesla. Nice one!
  • JB
    Jad B.
    9 September 2020 @ 09:35
    No transcript?
  • SL
    Stephen L.
    9 September 2020 @ 06:53
    Jared is always good but given the last few days, I was looking forward Tuesdays with Tony.
  • mB
    marc B.
    9 September 2020 @ 05:34
    Great conversation. Like Dillian perspective.
  • KV
    Konstantinos V.
    9 September 2020 @ 00:43
    Canada is going to implode
    • WG
      Wayne G.
      9 September 2020 @ 01:30
      Canada is already imploding. As Jared pointed out deficits have exploded.The C$ has strengthened in tandem with the rise in oil since March because the world incorrectly still considers CAD to be a petro-currency. Trudeau and his "green dream team" have knee-capped fossil fuel production in Canada. The USD/CAD is going to 1.85 to 2.0 IMO. (Full disclosure - disgruntled Albertan)
    • JM
      John M.
      9 September 2020 @ 04:15
      Recently the Trudeau government announced that investment in 'green infrastructure/energy would be a big part of economic stimulus to revive the Canadian economy. Lots of green spending however is questionable economics.
  • JM
    John M.
    9 September 2020 @ 04:10
    Interesting comments on Canada (as a Canadian I agree). Jared's concerns are consistent with comments made by David Rosenberg about the Canadian economy (conversation with Ed Harrison several months ago).
  • JS
    Jon S.
    9 September 2020 @ 03:17
    We need an interview of this guest explaining his observations method on 10 - 30 treasuries... we need an expert view interview or rv plus view on this.
  • TC
    Timothy C.
    9 September 2020 @ 03:11
    You have to question the timing of the FT article if Softbank really was delta neutral. Like yelling fire in a theatre ascribing all the long call action to one whale forcing an unwind...
  • CC
    Cornelius C.
    9 September 2020 @ 02:49
    Sounds like Canadian gold miners are going to be surreal on top of surreal
  • RC
    Reese C.
    9 September 2020 @ 02:27
    Have Jared back more often!
  • OM
    Owen M.
    9 September 2020 @ 01:13
    I enjoy Jared's realistic perspective. thank you for bringing him on.
  • CD
    Carl D.
    9 September 2020 @ 00:22
    I really like Jared and appreciate him sticking his neck out, but after buying into mike green's passive hypothesis I don't understand what the catalyst would be for a rotation to value
  • RM
    Robert M.
    9 September 2020 @ 00:07
    With Tesla, also not a holder, but will be interesting to see how derivative losses will impact stock price action now that it is down 33% from its high. Betting there are some unwinding of trades that will put more downward pressure on price and a boatload of retail traders getting burned for the first time since March. Will Tesla and Apple kill the "buy the bounce" mentality?
  • DD
    David D.
    9 September 2020 @ 00:05
    Pro tip: sit in a non-moving chair next interview.
  • RM
    Robert M.
    9 September 2020 @ 00:03
    The Daily Dirtnap was not my think, but good interview with Dillian. Good thoughts that will fit with some trader's view of the world.
  • SW
    Suzanne W.
    8 September 2020 @ 23:58
    Great intro and great interview!
  • BB
    Ben B.
    8 September 2020 @ 23:42
    Great to see you on the daily briefing Jared!
  • TS
    Timothy S.
    8 September 2020 @ 23:27
    I love hearing the conviction of dollar bears. Its so assured and unresearched. Makes me smash that usd/zar button faster than youd believe.
  • MD
    Matt D.
    8 September 2020 @ 23:24
    Great DB Ash and Jared. Very interesting! comments on Canada and Tesla. Enjoyed Jared's insights. October is going to be nuts - election will be hard to ignore - and unfortunately, beyond the result. Good intro too Jack. Keep us updated - there are reports Softbank our out.
  • KM
    Kelly M.
    8 September 2020 @ 23:19
    Thank you for the Canada question. If Jared is right this could be huge.