U.S. markets closed
  • S&P 500

    3,629.65
    -5.76 (-0.16%)
     
  • Dow 30

    29,872.47
    -173.77 (-0.58%)
     
  • Nasdaq

    12,094.40
    +57.62 (+0.48%)
     
  • Russell 2000

    1,845.02
    -8.51 (-0.46%)
     
  • Crude Oil

    45.13
    -0.58 (-1.27%)
     
  • Gold

    1,812.80
    +1.60 (+0.09%)
     
  • Silver

    23.40
    -0.05 (-0.20%)
     
  • EUR/USD

    1.1909
    -0.0010 (-0.08%)
     
  • 10-Yr Bond

    0.8780
    -0.0040 (-0.45%)
     
  • GBP/USD

    1.3338
    -0.0045 (-0.33%)
     
  • USD/JPY

    104.2770
    -0.1630 (-0.16%)
     
  • BTC-USD

    17,077.74
    -901.44 (-5.01%)
     
  • CMC Crypto 200

    333.62
    -36.89 (-9.96%)
     
  • FTSE 100

    6,358.50
    -32.59 (-0.51%)
     
  • Nikkei 225

    26,537.31
    +240.45 (+0.91%)
     

Daily Briefing - November 13, 2020

Real Vision CEO, Raoul Pal, and senior editor, Ash Bennington, discuss the growing shutdown measures in the U.S. even as the S&P 500 makes all-time highs. Looking at declining mobility data, Pal explores how the prospect of a full lockdown in the U.S will depress economic activity as well as perhaps markets. He and Ash then discuss default risk and the stock sales of Pfizer’s CEO before zooming out into macro issues such as how stagnant money velocity affects retirees and how rise in the monetary base could buoy precious metals and bitcoin. In the intro, Jack Farley reviews price action, evaluates the distress of cruise liners, and the looming expiration of the Fed’s emergency lending programs.