Raoul's Christmas Market Wrap: DB- Dec18,2020

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 18 December 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real Vision CEO Raoul Pal joins Real Vision senior editor Ash Bennington to share his market wrap-up of 2020. They monitor the price dislocations at the close as the S&P 500 was under pressure all day ahead of Tesla’s historic entry into the index. Pal looks back at the year that was from equities to the bond market to crypto to gold, silver and copper. He sees emerging markets breaking out in 2021, specifically identifying opportunities in Iran. In the intro, Real Vision editor/reporter Haley Draznin touches upon Coinbase filing for an IPO as Bitcoin surges to all-time. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to Real Vision. It's Friday, December 18, 2020, just after market close in New York.
0:17.0	This is the Real Vision Daily Briefing.
0:20.0	I'm Ash Bennington, joined shortly by our founder and CEO Raal Pell but first with the day's stories
0:27.0	Halley Drasnan.
0:28.1	Hey Ash I'm recording this ahead of Friday's close which we expect to be bananas, one of the busiest
0:34.7	trading days of the year. The market is expected to experience massive volume on
0:40.0	Friday with Tesla's historic entry into the S&P 500.
0:44.6	Tesla's inclusion coincides with the quarterly rebalancing of the
0:49.4	S&P 500 and quadruple witching, which is when stock and index options and futures all expire on the same day.
0:57.8	With all of this activity, there's the heightened possibility of price dislocation at the close. The new index with Tesla in it begins
1:05.9	trading on Monday but all the trading action happens at the close on Friday.
1:10.5	Tesla will be the seventh largest stock on the index. This is expected to be the
1:16.4	largest rebalancing of the S&P 500 in history. Meanwhile, Bitcoin is surging to all-time highs and the most prominent
1:24.9	cryptocurrency exchange has signaled its intent to go public.
1:28.9	Coinbase has been the subject of IPO speculation for months, but the timing coming just one day after
1:36.0	Bitcoin broke 20,000 for the first time ever cannot be ignored.
1:40.9	It rocketed above 23,000 on Thursday. The major exchange is positioning itself
1:46.7	as Wall Street's most accessible bet yet on crypto. In October 2018,
1:52.2	coinbase was valued at 8 billion. Given the recent rally in
1:56.6	Bitcoin today, Coinbase's current valuation is expected to be significantly higher.
2:02.1	Coinbase was launched in 2012. is expected to be significantly higher.
2:02.8	Coinbase was launched in 2012,
	...

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