No Santa Rally? What's Behind the Big Tech Sell-Off
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 18 December 2021
⏱️ 35 minutes
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| 0:00.0 | Hello, welcome to the Real Vision Daily Briefing. |
| 0:07.5 | It's Friday, December 17, 2021, a Maggie Lake. |
| 0:11.5 | And here with me today is Jim Bianco, president of Bianco Research. |
| 0:14.8 | Hey, Jim, happy Friday. |
| 0:15.8 | Yeah, happy Friday to you one week before Christmas. |
| 0:19.0 | Yeah, but it's kind of a weird Friday, right? |
| 0:22.0 | We've got so many, we were just talking about the fact that it's not slowing down at all. |
| 0:25.7 | We just have so many things going on and not turmoil in the market, but definitely |
| 0:31.1 | feels a little more volatile and unsettled. |
| 0:34.5 | We had a sell-off again in equities and they're selling off into the clothes, which is never |
| 0:39.0 | a great sign. |
| 0:40.3 | Although today it's almost flipped from yesterday, the NASDAQ, which in the beginning |
| 0:43.4 | smoked, holding steady, trying to keep its head above positive territory. |
| 0:48.0 | The Russell was rebounding and it was the Dow and the S&P taking it on the chin, the |
| 0:52.5 | Dow. |
| 0:53.6 | It's closing near, it's lows, 500 some points more than 1% the S&P also, about 1% or three |
| 0:59.4 | quarters, 10-year yield-dipping, holding around 139, 140, and we've got cryptocurrencies down |
| 1:05.9 | of Ethereum 4% Bitcoin, something like 3, 3.5 and headlines of things getting canceled. |
| 1:13.4 | Not Christmas yet, but the NFL canceling three games. |
| 1:16.5 | I know that was, that just crossed not long ago and everyone upset about that, not to |
| 1:21.0 | mention the party's getting canceled and virtual, so there's just a lot to take in |
| 1:25.7 | here. |
... |
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