Earnings Good Witch or Bad Witch? Plus, Rhys Williams of Spouting Rock

RiskReversal Pod

RiskReversal Media

News, Investing, Business, Business News

4.6 • 757 Ratings

🗓️ 23 October 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of “On The Tape,” Guy Adami and SoFi’s Liz Young discuss yield volatility (2:00), Chevron agreeing to buy Hess and what big oil M&A means for energy stocks (11:00), why Liz says now is not the time to buy a house, the perils of price discovery (18:00), bank stocks (22:30), and what to expect from Mag7 earnings (28:30). Later, Rhys Williams, Chief Strategist & CIO at Spouting Rock Asset Management, joins Guy and Dan (35:00) to talk about his strategy in the current market environment (38:45), why he expects a Q4 rally despite the wall of worry (41:30), why consensus could be wrong about Mag7 stocks (45:15), yields (46:30), AI (48:30), what the market does leading into a presidential election (50:30), Paul Tudor Jones saying we are likely in a recession (51:50), and the core values at Spouting Rock (54:30) — 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

Transcript

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0:00.0	Welcome to the Monday version of the On the Tape podcast. I'm Guy Adami. I'm joined by Elizabeth Young. That would be E.Y from SoFi today. Dan Nathan, traveling for work, working on some big deals, as they say, really, really big deals. By the way, Dan had an amazing conversation with Gene Munster about all the tech earnings on OK computer this week.
0:23.7	Check it out.
0:24.6	Subscribe.
0:25.8	Smash the like button.
0:27.2	It will drop on Tuesday morning.
0:30.3	That's tomorrow.
0:31.2	So go to the OK computer feed and follow it because you know what?
0:35.3	A lot of things happening here.
0:36.6	You got to be focused. It you got to be you got to be
0:38.0	focused got to be laser focused on all the different shows you're watching at the risk reversal
0:42.5	media site also I want to thank everyone Elizabeth that joined the CME challenge amazing turnout
0:50.3	we thank you we hope you enjoy the hats good Good luck, as my people say. And today,
0:55.7	E.Y, we had a great conversation with Reese Williams, CFA chief strategist at Spouting Rock Asset
1:02.8	Management. That's all the housekeeping. How are you? I'm good. Wait, is the challenge over?
1:09.6	Did it just start? No, no, no, no.
1:12.8	The challenge is just beginning.
1:15.7	The challenge began last evening.
1:19.4	The challenge starts in earnest this week. And here we are on a Monday.
1:20.4	Again, Dan traveling for the second Monday in a row, leaving us to our own devices.
1:25.4	Risky proposition, Mr. Nathan,
1:28.2	leaving these two to do whatever they want on a recorded microphone.
1:32.9	He clearly has confidence in us.
	...

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