Complacency Breeds Failure with Liz Young & a Conversation with Tim McCourt of CME Group

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 17 April 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan and Liz Young, head of investment strategy at SoFi, discuss bank earnings (3:00), big tech buybacks (9:00), retail sales (12:00), a new consumer warning sign (14:30), complacency in the market (22:00), whether it's beginning to feel like a bull market (27:00), and earnings this week (33:00). Later, Guy interviews Tim McCourt, Global Head of Financial & OTC Products at CME Group, to discuss the importance of risk management (38:00), how SVB could have used futures to hedge (42:00), CME micro contracts (51:00), and how consumers can use futures in day-to-day life (57:00). Read Liz’s latest note Dan references this Axios article in the consumer conversation: Charted: Why not go out? 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. I am Dan Nathan. I am here with Liz Young. Guy Adami is on a well-deserved
0:10.0	vacation. I know you're disappointed. You got in here and you didn't, you just didn't know what's going to happen that way. It's like we've got two of the three.
0:16.5	Just you and me. Did we do just the two of us last week on Market Call? Yes, we did. And we're doing it again this week.
0:22.1	Oh, wow.
0:22.6	Lots of practice.
0:23.6	Guy is on a quasi vacation slash business trip and to sunny California.
0:30.6	Ooh.
0:30.9	Yeah, good for him.
0:31.6	Lovely.
0:32.8	You're well rested.
0:33.9	I am.
0:34.5	I am not.
0:35.2	I am not.
0:35.3	I am under caffeinated.
0:35.9	Are you? I am. I am not. I am not. I am under caffeinated. I got in last night from Boston at 1.30 a.m.
0:40.0	We were recording this today at 10.30 a.m. I did a lot of miles. I was up and back to Syracuse,
0:45.6	New York from New York City. In one day, I was up and back in the same day to Boston, all on the road,
0:50.7	same day. Have you ever done a mileage run, what they call a mileage run, just to hit
0:54.9	your status? One year, I flew home for Christmas, and as everybody knows, home is Wisconsin.
1:00.5	I flew home for Christmas via Atlanta and Detroit. Wow. See, you just, you couldn't pay me to do that,
1:07.7	but I get while you're doing that. All right, listen, you and I have a lot to cover because there's a bunch of earnings this week.
1:12.4	There's a lot of economic data.
	...

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