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RiskReversal Pod

Crude Oil Chart Looking Bullish + Rate Cuts Coming? | MRKT Call

RiskReversal Pod

RiskReversal Media

News, Investing, Business, Business News

4.6757 Ratings

🗓️ 28 November 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Tuesday, November 28th. Topics For Today's Pod ⤵️ - Rate Cuts Coming? - X Marks the Crude Spot - Chart Check on 10-Year Yields Timecodes 0:00 - Fed Sparks Rally 9:15 - S&P 500 12:15 - NASDAQ 12:40 - Yields 20:25 - Oil Trade, $XLE & $OIH 27:00 - U.S. Dollar & Gold 29:50 - Micron ($MU) --- MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook @RiskReversal Watch all of our videos on YouTube

Transcript

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0:00.0

Late November 28th, to be exact, one o'clock on the East Coast market call.

0:18.8

Tough night in New York last night for the Rangers. But, Dan, let's take a look at

0:22.7

today's rundown because we got a lot to discuss. The market's actually sort of interesting.

0:27.0

Some guy named Waller, not the giant tight end, made a comment about rate cuts coming. Well,

0:32.6

we'll see. We had a podcast with Liz Ann Saunders last week that dropped in your favorite podcast store.

0:38.9

She said, be careful what you wish for in the form of that.

0:41.1

So we'll talk.

0:42.5

Chart check or I'll check on aisle seven.

0:45.7

Well, 10 year yields below 4.4.

0:48.3

Good for Carter Braxton Worth.

0:49.7

Good for you.

0:51.1

X marks the spot on the crude chart. A lot going on there. And by the way, we'll throw

0:56.4

a little gold for you. How are you, Dan? What guy, we might have in possession, a fact set chart,

1:03.8

probably one of the most interesting charts in the entire, when I say market, I mean markets.

1:09.5

I mean like, like, like, like, we think about those stocks, throw bonds, throw commodities,

1:14.0

throw fixed income, throw anything you want in there to me.

1:17.9

And it's one that you've been talking about that.

1:19.3

That's just a tease, right?

1:20.7

We're just going to tease that right there because we're going to get to that.

1:24.1

It's interesting, you know, Waller and like you said, he's a Fed governor. He's not a New York football giant.

1:32.6

No, he's not. No, he's not. Okay. So you're saying careful what you wish for here on the rate cuts.

1:37.7

So it's funny, if you're a no landing sort of person or a soft landing folk, which the market, the stock market at least is pricing in right now,

...

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