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Daily Briefing - Nov 5, 2020
Daily Briefing - Nov 5, 2020
ratings:
Length:
47 minutes
Released:
Nov 5, 2020
Format:
Podcast episode
Description
Managing editor, Ed Harrison, is joined by Jay Pelosky, co-founder and CIO of TPW Investment Management, to provide an update on his current outlook amid a turbulent election and uncertain future with stimulus and COVID-19. Pelosky argues that markets are getting closer to end of this period of peak uncertainty around these variables and that deep cyclicals like airlines and oil will rally sharply higher. Pelosky also explains that as the election race comes to a close, markets have been oversold in the past week and are becoming more comfortable with the idea of a split government as investors gain clarity. He digs further into the question of stimulus - a matter of “when,” not “if” - and contends that a vaccine may roll out sooner than stimulus, which would cause the markets to react aggressively, raise rates, and could set up a rotation trade out of tech and into cyclicals. Finally, he also discusses asset allocation and his thesis of a tripolar world. In the intro, Real Vision's Haley Draznin looks at markets rallying as the U.S. presidential election outcome is still uncertain and analyzes the K-shaped recovery that continues to form as the job market remains high.
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Released:
Nov 5, 2020
Format:
Podcast episode
Titles in the series (100)
Adventures in Finance 4 - Analyzing Cyclical Market Behavior: Understand how to leverage financial cycles & forecast future markets with veteran investor Robin Griffiths. Also on this week, Brent Johnson, CEO of Santiago Capital, tells us his misjudgments’ on gold and being a true contrarian. by Real Vision Daily Briefing: Finance & Investing