Careful What You Wish for with Liz Young, Guy, Danny & Dan

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 13 March 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan, Guy Adami, Danny Moses and Liz Young take a look at what's broken after the collapse of Silicon Valley Bank. Congrats young investors, welcome to your first financial crisis (2:00). Somebody is hitting the panic button on Charles Schwab right now, are people shooting first and asking questions later (11:00). Let’s close the book on the soft landing narrative (15:00). All roads are leading to gold, just ask the world’s central banks and its time for some humility in the VC industry (22:00). What sectors can people look into to be constructive (30:00)? 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. We’re on social: Follow Dan Nathan @RiskReversal on Twitter 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 On the Tape. This is the Monday edition. This is the edition where Guy Adami and I are joined by Liz Young. That's EY from SoFi. She is the head strategist over there at SoFi. That's social finance. And today we're bringing in the big short. We're bringing in Danny Moses. Welcome. Good morning. What up. What up. Demo is here, Dan, Nathan. Great to be here. Here's one of the things I think is
0:24.0	pretty interesting. We do a lot of speaking with Liz and Liz speaks to a younger demographic as it relates to
0:29.8	an investor and she often talks about how a lot of those in that cohort have never had their own
0:34.3	financial crisis. Well, here they are, Liz. They have a crisis. This is
0:37.8	probably one of the first ones that you are living through. We could all agree probably it's in
0:42.5	the early stages. Maybe we're in like the second inning of this sort of thing. But just thoughts
0:48.2	on kind of your responsibility speaking to a broad audience of investors who these are kind of new
0:53.3	concepts. They were probably born into a world where they were feeling the palpitations of the great
0:59.1	financial crisis, but maybe it was not something on them on their portfolios.
1:03.0	And so we'd love to get your take on that.
1:04.3	Danny's going to give us a rundown about where we are.
1:06.6	And guy who's been talking about something breaking, something breaking for a while.
1:13.0	We're talking about the lag effects of kind of this tightening monetary policy for a while.
1:17.4	Well, we finally had something that broke.
1:18.9	All right, Liz, talk to us about your very own financial crisis here.
1:21.5	A lot of younger investors tried to get their first job in the aftermath of the financial
1:25.4	crisis, but didn't necessarily live through the financial
1:27.8	crisis. Then they lived through COVID, where the Fed and the government really had a moral obligation
1:34.1	and only one huge problem to solve in the sense that economies were shut down. We all, I think,
1:40.3	were swimming in the same direction. Everybody understood that. Now here we are in the
1:44.3	midst of possibly the beginning of a crisis where there are competing objectives. And what I mean by
1:50.4	that is, yes, there's stress in the financial system. Yes, depositors should be made whole. And that's a
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