Daniel Lacalle, IG Trading the Markets, May 20, 2020
Podcast links:
- Apple: https://apple.co/2Xh2oGe
- Google: https://bit.ly/3cK01Cp
- Spotify: https://spoti.fi/2TriE6p
Disconnect between markets and economic reality:
“There is a huge disconnect between markets and the economic reality, and it’s fundamentally based on the view that 2020 is a lost year and therefore what investors need to think about is 2021 is a recovery year. It looks a very dangerous bet to me because if there’s anything that we have learned from this crisis is that estimates for 2021 remain excessively optimistic, and that the V-shaped recovery is more than elusive.”
Continue reading Global Investors Demand Gold As Protection Against Financial Repression