Growth’s Eye-Popping Snapback and the $86 Billion Pension Bailout

Published on
March 9th, 2021
Duration
38 minutes


Growth’s Eye-Popping Snapback and the $86 Billion Pension Bailout

Daily Briefing ·
Featuring Jack Farley and Ed Harrison

Published on: March 9th, 2021 • Duration: 38 minutes

Real Vision editor Jack Farley hosts managing editor Ed Harrison to process the astonishing resistance rally in technology and growth stocks with high duration such as Tesla ($TSLA), Peloton ($PTON), DocuSign ($DOCU) and Zoom Video ($ZM). Jack notes that Tesla posted the 3rd biggest daily return in the history of the company, and Ed interprets the pause in the U.S. Treasury sell-off as gold staged a recovery and oil and copper lost the bid. The pair analyze the inclusion in the latest U.S. stimulus package of $86 billion worth of relief for failing pensions, and Ed shares why this bailout might prove a dangerous precedent. Lastly, Ed and Jack analyze the latest data showing that retail comprised a plurality of volume in the U.S. equity market as well as what the most frequented pages on RobinHood indicate about the rise of the retail trader.