Don’t Look Back in Anger

RiskReversal Pod

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 15 December 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of “On The Tape,” Dan Nathan, Guy Adami, Danny Moses, and Stuart Sopp, CEO of Current, discuss the Fed meeting and the stock market at record highs. Key Insights from the Pod: The Fed Cut Pivot (1:30) Expectations for 2024 (10:40) The Market Rotation (16:30) Energy (19:15) The Fed Giving Gold the Greenlight for New Highs (23:30) Bitcoin, U.S. Dollar & Currencies (24:45) S&P 500 Earnings (25:45) Interest Rate Sensitive Stocks (32:15) Banks (35:00) Sentiment Indicators (37:30) Danny’s NFL & Soccer Picks (43:15) — 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 Tate podcast.
0:03.3	I am Dan Nathan,
0:04.1	joined as always by Guy Adami and Danny Moses.
0:08.8	And we have a very special guest today.
0:11.7	And Stu, you've been doing this all year with us.
0:13.9	I think it's the day after the FOMC meetings.
0:16.8	That would be Stuart Sop.
0:17.9	He is the CEO and co-founder of current.
0:20.7	Gentlemen, welcome. Thanks for having me.
0:22.6	Great to be here. Just for our audience, they can't see Stewart, but he's, what do they call it when you're sort of like rocking something, Dan?
0:30.2	They call you rocking it. Well, he's rocking his Nakatomi Plaza Christmas Party 1988. It's a classic. And as Stu said, and he's correct, the greatest
0:40.7	Christmas movie of all time, diehard. Damn right. That is. Come to LA. It'll be great. We'll have a few
0:46.1	laughs. Listen, we got a lot to cover here because every sort of cheesy thing you could come up with
0:51.1	about what's going on here in the last couple weeks of the year in the stock market, whether it's your Santa Claus rally or Christmas came early for Wall Street or
0:58.6	Goldie Lott, all that sort of stuff. It's all being thrown in there right now. So we got a lot to
1:02.7	cover with what happened with the Fed, what's going on in the markets, what our expectations are for
1:06.8	2024. We love having Stu on here because despite the fact that, let's say, Guy, Danny and I
1:11.6	might look back in anger a little bit about this year, you've had a really good beat, Stu,
1:17.2	on the U.S. consumer. That has a lot to do with, I think, the sort of customers that you serve
1:21.8	at current. So we're going to talk a little bit about that. But, Guy, let's get into it here, man, because I think that we've talked about
1:28.1	this now since November 1st, since the last Fed meeting. We had that November 13 CPI print.
1:33.4	I think in general, most investors have been very comfortable with the fact that the hiking cycle
	...

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