Will the Downtrend in Oil Continue?

Real Vision: Finance & Investing

Real Vision

News, Business News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 7 November 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

🚀 The Exponential Age is going to permanently change the world on every level, including your day-to-day life. Have it work in your favor - https://rvtv.io/3FAb8hj Crude oil drops below 80 in intraday trading — but do the technicals show further declines on the horizon? Ash Bennington is joined by technical trading expert Dave Floyd, founder of Aspen Trading Group, to discuss all the latest moves in markets, from oil's steady decline to U.S. equities taking off and yields pulling back. Dave shares how he's positioning trades in U.S. 10-year Treasuries, GLD, and more. You can join Dave's FX trading course tonight at 8 pm ET/5 pm PT: https://app.desiretotrade.com/masterclass And don’t forget to explore the Exponentialist — a new, premium research service from Raoul Pal and David Mattin detailing how exponential technologies are reshaping our world… and what that means for investors: https://www.realvision.com/thefuture Unlock the potential to showcase your brand to our global audience. Contact us at partnerships@realvision.com for advertising inquiries. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is brought to you by Royal London, the UK's largest mutual life, pensions and investment company.
0:08.0	What even is a mutual anyway?
0:10.0	Well, Royal London is customer owned.
0:12.0	It has been since 1861. They work to support
0:15.2	customers and wider society to help build financial resilience while investing
0:20.0	responsibly to help build a future worth retiring into. It really is everyone's
0:25.0	business. Learn more at Royal London.com slash mutuality.
0:29.0	People are going to lose their minds. This is a moment in history unlike anything humanity's gone through.
0:35.2	It's a very different world for humans to come.
0:37.0	Take a step back and see the broad picture, which is the way all these technologies are interlinked.
0:43.6	Because this is all about exponential
0:45.0	and humans can't think in exponential terms.
0:48.0	How consequential do you want to say machine intelligence is?
0:51.0	It's almost certainly as consequential as writing.
0:54.4	How long did writing take to disseminate through the human population, you know, hundreds, thousands of years,
1:00.7	and we're dealing with it now on a scale of months. But in this kind of world you're
1:04.8	compounding 100% growth every year and the numbers become astronomical. AI is going to spot patterns in the world that were just completely invisible to us.
1:15.4	Even if you think that the AI and the robots are your demise,
1:19.0	you might as well bloody invest in them and make some money out of it.
1:21.6	If not, you're just going to be angry man shaking
1:24.0	your fist at the clouds. Will the downtrend in oil continue? Welcome to Real Vision Daily Briefing.
1:34.0	It's Tuesday. Will the downtrend in oil continue? Welcome to Real Vision Daily Briefing.
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