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RiskReversal Pod

Fed Walking on a Tightrope with Melissa Lee of CNBC

RiskReversal Pod

RiskReversal Media

News, Investing, Business News, Business

4.7836 Ratings

🗓️ 21 January 2022

⏱️ 61 minutes

🧾️ Download transcript

Summary

Guy, Dan and Danny discuss next week’s Fed meeting (8:32), big tech earnings (13:53), the Peloton plunge (22:52), gold getting a bid (29:20), and Danny’s playoff picks. Dan and Guy interview Melissa Lee, host of CNBC’s Fast Money, and discuss the show’s 15-year anniversary and take listener questions (36:18).  ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at OnTheTape@riskreversal.com 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 us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0

Now, I am that one for hyperbole for a number of reasons, first of which I can't spell the word.

0:07.0

But typically, you should never really speak in hyperbolic terms.

0:11.8

But there are a couple of things that are deservative of that.

0:14.9

First of all, Danny Moses, his picks in the league where they play for pay.

0:18.3

We'll get into that later because it requires its own

0:21.4

segment. But I'm going to say this, Dan, Nathan, and I want to hear your thoughts on it. I think

0:26.5

next week, given everything that's going on, might be the most important week we've seen for the

0:33.1

market in a decade. Thoughts. There it is. We have a Fed meeting where no one's really expecting anything to

0:38.4

change. We have a stock market that's down on the year. The S&P 500 as we speak Thursday afternoon

0:44.8

is down 4 and a quarter percent. The NASDAQ is down a little less than 8%. That is down on the

0:50.5

year. And all the stuff that's going up is actually bad for the stock market,

0:54.6

rates, crude, and the dollar, Danny Moses. 100%. And you know what is transitory? The bad claims that

1:00.8

came out this week, that's transitory, because that's Amacron related. So we're on the other side of that

1:05.4

transitory nonsense. So yeah, the Fed meeting, it's going to happen next week. They're not raising next week. They're going to probably reiterate that they're going to finish the taper by March, right? So we're

1:14.6

down to buying, I think, $30 billion now in February is what it's going to be. That's going to

1:18.5

start to have an impact. And all the things you just said, how about funding the government?

1:22.2

How about all the debt we're going to have? The Fed was buying a large portion of the auctions that were going on. And we've even gotten to that part of the show.

1:28.4

We'll get to that in February and March when that happens.

1:30.3

But I agree with what guy said.

1:32.1

We are building into a very explosive week next week.

1:35.3

I expect volatility to remain elevated into that.

1:37.7

And listen, you're seeing buying opportunities in certain names and certain things are being

...

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