NASDAQ Goes Haywire as Powell Doubles Down

Published on
February 23rd, 2021
36 minutes

Brazilian Markets Crash and Energy Shines as Yields Break Higher

NASDAQ Goes Haywire as Powell Doubles Down

Daily Briefing ·
Featuring Thomas Thornton and Ash Bennington

Published on: February 23rd, 2021 • Duration: 36 minutes

Real Vision senior editor Ash Bennington welcomes Tommy Thornton of Hedge Fund Telemetry back to the Daily Briefing to make sense of how a jittery stock market copes with rising yields. Thornton analyzes this morning’s big sell-off in the NASDAQ with “growthy” names plunging double digits, and he explores whether technology could be poised for underperformance in the coming months. Thornton explains why he is bullish on the energy sector, noting that it is one of the few sectors with a reasonable short interest. Bennington and Thornton then review Fed Chair Powell’s testimony at the Senate Banking Committee, which perhaps was meant to assuage the markets.