meta_pixel
Tapesearch Logo
Log in
On The Tape

Five Stocks Carry That Weight with Rebecca Patterson

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 28 April 2023

⏱️ 75 minutes

🧾️ Download transcript

Summary

Guy, Dan, and Danny discuss big tech stocks carrying the market (3:00), the bank crisis in remission not over (14:30), UPS earnings (27:30), the Microsoft/Activision deal getting blocked (30:30), home builders & energy (33:00), Tesla’s gap down (36:30). The co-hosts interview Rebecca Patterson, former chief investment strategist at Bridgewater Associates, and talk about her career (47:00), her base case for a recession (54:00), how to play the market (58:30), what could go right (1:07:00), the banking crisis (1:12:30), and financial literacy (1:15:00).  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 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

Click on a timestamp to play from that location

0:00.0

I'm going to get back to my rock and roll roots today, Danny Moses. I think you'd be interested in this. Dan, Nathan, I know you are as well. It was the fall of 1969 when the Beatles released their 11th studio album. That, of course, would be Abbey Road. It's a tremendous album. As a matter of fact, for you tourists out there,

0:21.3

I guarantee that at one time or another, you tried to replicate that famous photo. By the way,

0:28.2

this is the On the Tape podcast. I am Guy Dummy. I'm back from San Francisco, Napa Valley. We can

0:33.7

talk about that if you would like. Dan Nathan, always. Danny Moses, always as well.

0:39.2

In a few minutes, we're going to be talking with Rebecca Patterson.

0:42.9

You know her from CNBC.

0:44.4

She's had a storied career.

0:46.3

We're going to have a great conversation with her.

0:48.6

But in the meantime, back to Abby Road, why am I thinking about it?

0:52.1

Because on my 847 song Spotify playlist now, the Beatles

0:57.7

actually represent a good deal of it. And Abby Road is one of those perfect albums. Inside

1:02.8

Two has something that they call medley. Of course, the song Something is on that album as well.

1:09.2

I think that's the most recorded song of all

1:12.2

time. Frank Sinatra has done in a number of different artists, but medley comes to mind because one of

1:17.3

the songs towards the end of it is carry that weight. And it's a great song. The whole medley thing

1:22.8

is great. But when I think about carry that weight and I heard it last night coming down here to Virginia.

1:28.9

I'm in Virginia, by the way.

1:30.5

I said to myself, that's a metaphor for the market, Dan.

1:33.9

And as we sit here, Microsoft sits at a $2.2.2 trillion market cap.

1:42.0

A stock of that magnitude, in my opinion, shouldn't move, I don't know,

1:45.9

8% in a day, let alone, you know, the amount of time that it did post earnings. But here we are.

1:51.8

So when you see a handful of names, and it is a handful, and this is that same old story,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from RiskReversal Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of RiskReversal Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.