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Real Vision: Finance & Investing

Are Investors Correctly Pricing Delta Variant Risk?

Real Vision: Finance & Investing

Real Vision

Business, Investing, News, Business News

4.11.1K Ratings

🗓️ 30 June 2021

⏱️ 36 minutes

🧾️ Download transcript

Summary

DB-Jun29,2021: Real Vision senior editor Ash Bennington welcomes Real Vision interim managing editor Samuel Burke and Tommy Thornton of Hedge Fund Telemetry to the Daily Briefing to discuss Bitcoin’s rebound and market sentiment as delta variant fears grow. Thornton shares his bullish outlook for Bitcoin and potential explanations for its recent bounce from 6-month lows. In addition, Burke provides a unique perspective on European lockdowns and investor opinions as the delta variant of Covid-19 continues to spread. For our Listeners: Head to https://www.rocketlawyer.com/workconfidently to start your free 7-day trial today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

It's Tuesday, June 29, 2021. I'm Ash Bennington. This is The Real Vision Daily Briefing.

0:19.6

I'm joined today by Tommy Thornton and Samuel Burke. Welcome, gentlemen.

0:25.3

Nice to see you. Hey, we're watching a nice to see you, Ash and Samuel. Welcome to Real Vision.

0:32.6

I've heard nice things about you and look forward to doing some good interviews and

0:37.7

daily briefings with you. Indeed, we are watching a wide variety of stories today across markets.

0:45.8

First up, consumer confidence is soaring. It's currently at a post pandemic high of 127.3,

0:54.4

conference board survey is up 7.3 points on prior month. Samuel? Well, I've been tracking

1:01.2

very closely. The new number is coming out for April, actually, so that home prices in the US

1:06.4

surged at their fastest pace of rush. Yeah. Also, A16Z is spinning up its third crypto hedge fund.

1:15.9

This is Andrewson Harwoods. Of course, you're seeing Mr. Andrewson on screen right now.

1:20.8

This is said to be the largest crypto hedge fund of all time, $2.2 billion.

1:28.8

And the European travel industry is getting hammered for a second day, Ash.

1:33.9

It is over concerns over the Delta variant and they are limiting more and more travel on the

1:39.2

continent. Yeah. So those are just some of the stories we're watching. Tommy, what are you looking

1:44.9

at today? Well, it's another summer, quiet day of congratulations to England.

1:53.2

Sweden and Ukraine were tied last time I checked. And that's, I think, mostly how this market's

2:01.6

been trading. It seems like people are just, you know, really, really quiet, not taking big

2:06.4

positions. Volumes really low. I will say, first off, I want to say that yesterday morning,

2:13.5

I put out that I turned constructive and somewhat bullish on Bitcoin with the price action.

2:21.3

And I'll say, it wasn't a super strong conviction by by any means because I didn't get

2:28.8

all the indicators that I wanted fulfilled. And I gave the benefit of the doubt to the bullish side.

2:35.3

And it's lifting a little bit. But the way I look at it is if it breaks 3200, I might raise that

...

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