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What's up everyone.

Thanks so much for tuning in to the weekend edition of The Real Vision Daily Briefing.

Recently, Mike Green has simplified asset management joined Alex Gervich on real visionaries

to argue that the alternative to the Fed's decision to provide liquidity to markets

and facilitate the recovery of asset prices could have been worse. Check it out.

Part of the thing that has been so apparent in the 2020 market,

the 2020 to 2022 market.

We've seen it with everything from the ARC funds dynamic to Bitcoin to stock markets.

And that's this dynamic that flows matter.

In an environment, and again, my arguments are on passive play a role here,

but in an environment in which a disproportionate component of the market effectively doesn't do anything,

the behaviour of those who remains becomes more extreme.

The market becomes more inelastic as is the economic term in terms of its behaviour on an

increase in supply and demand. And to me, it didn't matter who was elected.

What we knew going into it was that people were understandably concerned

...