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Market Rallies on Strength in Biden and COVID Numbers 6/26/20


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Let's not forget the Trump branded vaccine being pushed out in a couple of months - six months ahead of the most optimistic schedule set by actual doctors - royalties of $0.02 per dose and it comes with a "winning" Morse code set in case you get locked-in syndrome and need to communicate with your eye-lids. 

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discuss a day of pain on Wall Street as the coronavirus shows no signs of relenting and the normally cautious Federal Reserve issued an alarming mandate to large-cap banks. Ed and Ash also flesh out their thinking on a potential "double-dip recession" and a second wave of coronavirus. In the intro, Jack Farley looks at COVID-19 data and analyzes the dire results from the Fed's "stress test" of the banking sector.

 

https://www.realvision.com/shows/daily-briefing/videos/daily-briefing-june-26-2020?_hsenc=p2ANqtz--fMVaq03fKVVf7-YHx4SDCbXXqD4RgrnErjvKZzVtlz2vibVRSvJrjFSLklR5e6HVvnkHQd9YuwIFkIQSD3NSv_9UNyg&_hsmi=90328224

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Shocking to me how many market observers cannot tell the difference between an economic dead cat bounce and a rebound. This is not a double dip recession. It is a depression. 

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