Daily Briefing – June 24, 2020
Wed, 06.24.2020 – 18:25
Senior Editor Ash Bennington joins managing editor Roger Hurst to analyze the anatomy of blisters caused by emotional mania and how relevant this is to today’s markets. Bennington and Hurst discuss how stock markets seem bloated rather than fundamentally based, and why the Fed’s balance sheet is a key factor in the recent price movement. They also explain why time horizons are crucial for how traders should shape their thesis and shape their view of the market. In the introduction, Nick Correa shares the latest IMF update on his forecasts of world GDP, what is happening on the CDS markets, and the cost of business transactions during the coronavirus.