With a written under the radar genre or a proper out there podcast, sometimes it's better

when you get weird, especially when it comes to switching up your soft drink, introducing

new Dr Pepper Zero with the same blend of 23 unique flavours, it tastes just as weird

as regular Dr Pepper, but with zero sugar and zero calories, it's a taste you can't quite

put your finger on, weird, but in a surprisingly good way, try more weird with Dr Pepper Zero.

Welcome to the Real Vision Daily Briefing. It is Friday, August 13th. Today, I'm joined

by veteran business journalist Maggie Lake as well as Harry Belondry of MI2 partners.

Just to give you a sense of what's on our radar today, in US equity markets, they barely

budged with the S&P 500, you know, trapped within a range for the entire day, very indicative

of where we have been for the past 10 months, where over that same period, the S&P 500 has

been within 5% of its all-time highs. Really remarkable. Maggie, what are you looking

at?

Jack, not a lot of action and equities, but that was not the case in bonds. We saw big

moves. US bomb prices fell after the University of Michigan reported a very big and unexpected

drop in consumer confidence. The index fell 13% to its lowest level since 2011. Future

expectations component also down sharply. Now, much of it thought to be due to concerns

around the Delta variant and reopening, but still that was a really shocking and sudden

drop. In response, we did see the yield on the 10-year dip and close below 1.30. The

30-year fell below 2% to 1.94, Jack.

Yeah, so the bond market yield-stipping there may be sensing, sniffing out some weakness

in the economy and consumers as well worried about a slowdown. A lot of people are worried

about a slowdown that for the past year we've had a sugar rush of credit in the economy,

...