As Good As It Gets For The Stock Market?

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 26 August 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this latest episode of the "On the Tape" podcast, hosts Guy Adami, Liz Young Thomas, and Dan Nathan discuss market trends and Federal Reserve updates. They reflect on Fed Chair Jerome Powell's recent comments and his effective communication strategy while anticipating the upcoming interest rate cuts. The conversation shifts to the performance of various sectors amidst a falling dollar and rising gold prices, emphasizing the importance of shifting investment focus to utilities, healthcare, and defensive stocks. They also analyze the implications of NVIDIA's earnings report, which is expected to significantly impact the tech sector and broader market dynamics. The hosts highlight the need for careful investment strategies as the market approaches potential volatility and economic shifts, particularly in the context of consumer spending and enterprise software trends. Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe — 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 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 Thomas @LizThomasStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Transcript

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0:00.0	A warm welcome to the Monday version of the On the Tape podcast.
0:05.0	I'm Guy Adami. I'm always joined by EYT. Of course, that's Elizabeth Young Thomas of SoFi. EYT. How are you?
0:13.0	I am good. Happy Monday to both of you.
0:16.0	To do as well. And Dan, Nathan, joining as well. Dan, busy weekend for you as you moved two children into Georgetown University.
0:23.8	How'd that go?
0:24.5	Into your alma mater guy. It went well. It was a busy weekend, but everyone's happy and moved in.
0:31.2	Beds are made the whole like here. But, you know, guy, Friday afternoon, I missed this orgy of buying in the stock market.
0:37.7	Yes.
0:38.3	Your main man, Fed Chair Powell had a few things to say out there in Jackson.
0:41.8	Why can't he just do the things that other people do out there?
0:44.8	You know, a little river rafting, maybe some, you know, fly fishing or something.
0:49.3	But he's got to talk up, he's got to talk up markets and talk down rates.
0:53.6	It would appear that way. And,
0:55.6	you know, again, I'll say I'm not a big, big lover of the Federal Reserve or any central
1:00.9	banks, but I've said this and I'll say it again, you know, although I'm not a fan, I do think
1:05.4	he's done a very good job in terms of negotiating, not negotiating, but verbalizing and basically messaging.
1:14.2	And, you know, the market's interpretation is what it is. He can't control that. But I think
1:17.7	in terms of what he's done, Elizabeth, over the last, I don't know, call it two, two and a half
1:21.9	years or so, outside of a couple of mishaps, couple sort of missteps, I think he's done a pretty
1:27.3	reasonable job in terms of the messaging he couple sort of missteps. I think he's done a pretty reasonable job in
1:28.5	terms of the messaging he's trying to get across. I would absolutely agree with that. I think that
1:33.6	what we want to see out of a Fed chair is that he learns from his mistakes. And he's had that big,
	...

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