Real Vision managing editor Ed Harrison joins Tommy Thornton, founder of Hedge Fund Telemetry, to discuss the market exuberance around this week’s IPOs, DeMark indicators, and his forward outlook. Thornton elaborates on why the speculative bubble surrounding the IPOs for DoorDash and Airbnb is worrisome and too volatile to either long or short at this point. He also dives into DeMark indicators, sharing what they are and how he analyzes markets and crafts investing strategies around their use. Thornton then talks about what his outlook in light of a true reopening is for oil, financials, cyclicals, and tech. Harrison and Thornton end on discussing the DXY and currency markets. In the intro, Real Vision’s Haley Draznin explores the jobless claims spike after the Thanksgiving week and the higher than expected valuations of Airbnb and Doordash going public.
Tempering Exuberance: Market Signals Over Market Noise