Did Guy Say Uncle? A Conversation with Bob Elliott of Unlimited

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 9 June 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy, Dan, and Danny discuss the markets grinding higher (1:00), the small cap bounce (10:30), earnings expectations for big tech (15:00), how Dan lost so much weight (19:00), Stan Druckenmiller comments on macro & Nvidia (22:15), short covering in Gamestop & Carvana (27:15), the SEC coming for crypto (30:15), and Danny’s Belmont picks (36:15). Later, Dan and Danny interview Bob Elliott, Co-Founder, CEO & CIO at Unlimited, and talk about his background working at Ray Dalio’s Bridgewater Associates (42:30), Unlimited’s HFND ETF (45:00), @BobEUnlimited on Twitter (53:30), how to use hedge funds to succeed in the market (58:00). 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 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. 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	As many of you know, I was born in December of 1963.
0:06.0	So I shouldn't remember certain series that were on in the mid-60s, but this one I happen to remember.
0:13.3	So indulge me for just a second.
0:15.8	There was a great series that ran from 1964 until about 1968. it was called The Man from Uncle.
0:26.2	By the way, you are listening to the On the Tape podcast.
0:29.2	I am Guy Adami.
0:30.2	I'm always joined by Danny Moses and Dan Nathan.
0:33.1	In just a minute, Bob Elliott, the co-founder, CEO and CIO at Unlimited will be joining us.
0:40.7	I look forward to that conversation.
0:43.0	But I mentioned the man from Uncle, which, by the way, a great show with Robert Vaughn and
0:48.1	David McCallum, who plays Ducky and NCIS, and Robert Vaughn, who was in the great movie The Magnificent
0:55.2	Seven, a great sort of spy action type series.
0:59.4	I mentioned that, Danny, because the man from Uncle, I'm about to say Uncle from this market,
1:05.8	which just continues to grind higher.
1:08.3	Now, I'm not at that point yet, but I am almost ready to tap out here,
1:12.6	Danny Moses. Uncle Guy, I hear you, and we hear last week, and I was being sarcastic, and I was
1:18.5	putting a bullish hat on to be like, all right, if I have a bullish hat on, what things do I see
1:23.8	happening? One of them was that the Russell would start to catch up to the S&P as far as
1:28.1	and it came off the deck. And it's not bad to see because at least some of the value stocks
1:31.7	them are showing some form of life, right? And we continue to trade on what's going to happen
1:37.1	next week, which is because Fed Fund futures. I mean, you just overlay them to the S&P in terms of
1:41.6	economic data that comes out or what was Fed speak. I know we're
	...

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