Cascading Optimism

RiskReversal Pod

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 18 December 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of “On The Tape,” Dan Nathan, Guy Adami, and Liz Young chat about the recent stock market rally. Plus, Dan and Guy sit down with John Brignola of LBC Credit for a conversation about the private credit market. Key Insights from the Pod: It’s Guy Adami’s birthday! (2:30) The cascade of optimism (read: Goldman raises its 2024 price target) (4:30 ) Small caps (Mike Wilson reference, Bespoke reference) (9:30) Fed officials’ inflation warning (15:30) Jamie Dimon’s economic storm calls (17:30) What could derail the rally (22:30) Liz’s 2024 outlook (24:30) Homebuilders (26:30) M&A rush (US Steel, Adobe) (29:45) Earnings this week (31:45) John Brignola intro/background (41:00) The evolution of private credit (44:00) Opportunities in private credit (46:00) The M&A environment (47:40) Regulation (49:00) Goldman Reshuffles Private Credit in Bid to Double Assets (50:10) Interest rate volatility (51:35) What concerns John about the space (54:30) How to learn more about LBC Credit (55:35) — 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 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	Welcome to the On the Tape podcast. I'm Dan Nathan, joined as always by Guy Adami and Liz Young.
0:07.4	That would be EY from SoFi. Welcome, folks.
0:10.2	Hello.
0:10.9	What up? We got a big pod. Okay? Just first and foremost, Guy and I had a great conversation with John Brignola.
0:16.0	He is the founder of LBC Credit. We talked all about private credit. Seems like that's all that anybody
0:20.6	wants to talk about every day. I like that's all that anybody wants to
0:21.1	talk about every day. I open up my facts set, my Bloomberg, the Wall Street Journal. There's an
0:25.1	article on the front page about private credit. We give his take on the market and maybe some of the
0:29.5	risks, some of the regulatory situations coming down the pike. We talk a little bit about M&A.
0:33.8	We're going to talk about M&A. Guy, you had a really prescient call that U S steel remember we talked about
0:38.7	that a little last week you're like you know what this thing's not getting done at 45 and here we are
0:43.7	we wake up on a Monday it gets done at 55 no stradami again added so we're going to talk more about
0:48.8	the M&A environment there's actually still a bunch of earnings this week and I think some interesting
0:53.8	names that might give us good read on the consumer.
0:56.2	A lot of housing data this week.
0:57.7	We're going to talk about some of these targets.
0:59.4	But first and foremost, let's do a little housekeeping here.
1:01.5	What do you think, Liz?
1:02.5	If I threw out these names to you, let's do like some name association here a little bit.
1:07.7	What is something that all these names have in common, right? So it would be Keith Richards, Steven Spielberg, the great and recently departed Ray Leota,
1:15.4	Brad Pitt, Katie Holmes, Christina Aguilera, and Billy Eilish. What would you say about all those
1:20.6	folks? Late and living, legends. Legends, right? Absolutely. Very, and really talented people,
	...

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