Accidents Will Happen in Financial Markets with Rebecca Patterson

RiskReversal Pod

RiskReversal Media

News, Investing, Business, Business News

4.6 • 757 Ratings

🗓️ 27 October 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of On The Tape Guy, Dan and Danny chat about accidents occurring all over the stock market (1:30), bad price action post-earnings (8:00), air deflating from the AI bubble (11:30), financials (12:30), Bill Ackman's bond bet (15:15), dollar/yen (17:45), credit (19:15), crowded trades (21:00), and Danny’s NFL picks of the week (23:00). Later, they are joined by Rebecca Patterson, former chief investment strategist at Bridgewater Associates, to discuss headwinds for the financial sector (28:00), rates higher for longer (30:00), what investors should be paying attention to (32:00), her outlook on the U.S. equity market (37:30), the bull case for bonds (44:00), gold (46:20), political uncertainty impact on the stock market (49:45), how she is thinking about the energy space (52:00), and what could break in the economic system (55:15). — About the Show: On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. — Check out our show notes here Learn more about Ro body: ro.co/tape See what adding futures can do for you at cmegroup.com/onthetape. — Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod on Twitter or @riskreversalmedia on Threads — We’re on social: Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Welcome to the On the Tape podcast. I'm Guy Adami. I'm always joined by Dan Nathan and Danny Moses. Today, we're also joined by Rebecca Patterson. She's the former chief investment strategist at the famed Bridgewater Associates. We're going to talk a little GDP. We're going to talk some earnings. Some of the things they're looking forward to and some of the
0:22.0	things that we find a little odd. And of course, Danny will grace us with some NFL picks. He's doing well
0:27.2	this year. Fellas, in 1979, that was the year that I was put him up with, just a different version.
0:33.1	It was 1979. Anyway, go ahead, guy. The great Elvis Costello released Armed Forces.
0:39.5	And driving into the city today, I heard a song that is so apropos, Danny.
0:44.2	And the song, of course, is accidents will happen.
0:47.9	And if you think about it, that's exactly what's going on right before our very eyes.
0:52.4	We're seeing accidents happening not only in our markets,
0:55.8	Danny, but overseas markets and commodity markets, obviously in some currency markets as well,
1:01.8	things that we've been talking about. And although, as Elvis said, they're only hit and run,
1:06.2	these have major ramifications for all the things that we look at on a day-to-day basis. So, Danny,
1:11.8	I know accidents will happen, but what are your thoughts on that? Cars are starting to drive on
1:16.4	the wrong side of the road. Put it that way. I think the accidents are in front of us. You can see
1:20.6	them occurring. Just use FSD for Tesla, if you want that to happen. But we'll talk about that
1:25.8	later. But one thing before we get to that, I want to congratulate one of the greatest
1:29.5	personnel trades, not in sports history, in Wall Street history has occurred.
1:34.8	And that would be James Gorman officially handing over, you know, the reins in January
1:39.4	of being CEO of the company.
1:41.3	And that's one of the greatest trade.
1:42.8	You think about this.
1:43.6	Gorman comes into
1:44.5	Morgan Stanley in 2006. He was kind of a private client guy at Merrill Lynch, came in, really built up
	...

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