Senior editor, Ash Bennington, and managing editor, Ed Harrison, break down the pausing of the rotation out of growth and into value as cases and hospitalization in the U.S. surge to unseen levels. Ash breaks down Bill Ackman's hedge against investment grade credit, and Ed explores how much central bank liquidity there is on the sidelines waiting to buoy asset prices. The pair also discuss taxes, the outcome of the U.S. elections, as well as Ed's upcoming interview with Michael Howell. In the intro, editor Jack Farley looks at credit spreads and gives a sneak peek of Real Vision's upcoming interview series with investing legends such as Jeremy Grantham, Jim Grant, Jim Chanos, Kiril Sokoloff, Sam Zell, Chamath Palihapitiya, Hugh Hendry, Raoul Pal, Kyle Bass, and Russell Napier.