Real Vision senior editor, Ash Bennington, welcomes Dave Floyd of Aspen Trading Group back to the Daily Briefing to evaluate price action in the S&P 500, the U…
The bank expects to "go deeper" in 2021 in what could "eventually amount to one of the most significant staff reductions at the bank as it looks to deliver on a promise to rein in costs."
"It is not surprising that our funds, which depend on models that are trained on historical data, should perform abnormally (either for the better or for the worse) in a year that is anything but normal by historical standards."
...but it's not a free pass for market bulls. Now that the cat is out of the bag, it's going to take more cuts, more often for the Fed to have an effect...
...the path will be volatile but selloffs are indeed dip-buying opportunities. It will end in tears at some point, maybe through political revolution or perhaps the collapse of fiat currency...
The shallow and fleeting spike in U.S. and German yields yesterday shows that these haven bond markets are more concerned about near-term pandemic challenges than the putative economic boost from a potential vaccine.
