Death, Taxes and Higher For Longer with Liz Young and Chris Verrone

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 15 April 2024

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan and Liz Young do a pulse check on what CEOs are saying about the consumer (4:00), the correlation between yields and stocks (15:45),JPMorgan earnings (20:30), Apple’s iPhone slump (24:30), what to expect from earnings this week (26:00), Fed speak (28:00), and S&P 500 technicals (31:00). After the break; Chris Verrone, Head of Technical & Macro Research at Strategas, joins the pod to discuss how technical analysis has evolved (39:00), the process of looking at patterns in different areas of the stock market (43:30), the biggest mistake investors make (48:00), introducing SAMM: Strategas Tactical ETF (52:00), a vibe check on the stock market (54:00), ‘A Momentous Moment’ behind Gold (50:00) and Bitcoin (1:04:00). Growth Has Slowed: Could the market be overestimating the chances of a soft landing? Apple Faces Worst iPhone Slump Since Covid as Rivals Rise (Bloomberg) 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 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 Monday edition of the On the Tate podcast. I am Dan Nathan. I am with EY from SoFi. That would be Liz Young. Liz, welcome. Hello, happy tax day. Oh, happy death in taxes, baby. It felt like death in the markets last week. We're bouncing a little bit this week. We're going to talk a little bit about that action and why we probably
0:22.4	had the worst week of the year for the S&P 500 is down 1.6%. But as we are recording this pre-opening
0:28.3	on Monday, we're up about 80 basis points at the S&P 500, getting a bunch of that back.
0:33.8	The geopolitics playing a big role, I think, in the fear late last week.
0:37.7	A little calmer heads may be prevailing this Monday morning.
0:41.2	We're going to talk about a whole heck of a lot of things on the single stock front.
0:44.8	We're going to talk about earnings.
0:45.9	We're going to talk about a lot of Fed speak.
0:48.3	And we're also going to speak with, I actually spoke with Chris Verone.
0:52.9	He is partner and head of technical analysis,
0:55.6	including macro research at Stratigis. And we had a great conversation. I've known Chris for a
1:01.0	long time, as has Liz, from our programs on CNBC. And the like, we talked about the evolution
1:06.6	of technical analysis, how institutions use technical analysis versus, let's say,
1:11.9	some of the home gamers, if you will, and a whole host of other macro stuff. So a great
1:17.1	conversation with Chris. So stick around. Liz, you know Chris. You've known them from the shows.
1:21.0	You've known them personally. Really interesting set of skills in that man. Yeah, I mean,
1:26.8	I saw Chris last week. I think right after you
1:28.8	guys recorded that pod. And I read Chris's note this morning. So we'll talk about that. Chris is great
1:33.5	at trying to identify the things in the market that you want to watch and the little things that
1:38.1	change on a day-to-day basis, which are always interesting from a signal perspective. And just some of
1:42.9	the reasons that Stratigas as a firm
1:45.2	has had their antenna up over the last few weeks just because of changes in the market,
	...

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