Daily Briefing – August 10, 2020 – Buy Signals May Actually Be Sell Signals in Equity Markets

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 10 August 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real Vision senior editor, Ash Bennington, joins managing editor, Ed Harrison, to discuss the pivotal forces driving markets. They discuss bank balance sheets in Europe and how compression of net interest margins are damaging bank earnings. Ash discusses supply constraints of consumer staples, and Ed analyzes volatility, market breadth, and “bear steepening” through the lens of his recent interviews with Milton Berg and Charlie McElligott. They also look forward to a market of lower growth and higher prices. In the intro, Jack analyze Berkshire Hathaway’s recent Q2 earnings report. Sponsor Link - Keep Coming Back : http://keepcomingbackpodcast.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:28.1	Te's and sees apply. It's Monday, August 10th, 2020 just after market closed in New York. This is the Real Vision Daily Briefing. I'm Ash Bennington in
0:45.1	New York joined shortly by our managing editor Ed Harrison. But first with the
0:50.3	day's stories, Jack Farley. Thanks, Ash. As you know, legendary investor Warren Buffett shocked the financial world in May
0:57.5	when he announced his company, Berkshire Hathaway, had divested totally of its airline holdings.
1:02.1	Since then, investors have turned to the Investing Titan for Inspiration and Hope,
1:06.0	but the Oracle of Omaha has been silent.
1:08.4	He's been giving the investors neither as he sat on a huge and growing pile of cash that he was unwilling to deploy.
1:14.4	He made a small acquisition with Dominion Energy and he bought some Bank of America shares as well,
1:19.1	but this isn't the same Warren Buffett who pumped five billion billion into Goldman during 2008 or the Warren Buffett who became
1:25.4	acting CEO of Solomon Brothers, for God's sakes. However, Berkshire announced its Q2 earnings on
1:30.4	Saturday and the results may rouse the flagging spirits of fundamentally driven investors.
1:35.0	Warren Buffett decided he wanted to put some capital to work.
1:37.5	He scanned the investment landscape, all the stocks in the world, and he determined that the best thing for Berkshire Hathaway to buy would be Berkshire Hathaway.
1:45.0	That's right, Berkshire bought back a record 5.1 billion dollars worth of its own shares through June 30th.
	...

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