“Good Money After Bad” and Interview with Bob Baffert and Jack Wolf

RiskReversal Pod

RiskReversal Media

Investing, Business, News, Business News

4.7 • 836 Ratings

🗓️ 16 April 2021

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy, Dan and Danny discuss this week in markets and the macroeconomy more broadly (0:43), their takes on the Fed’s actions and comments (9:44), strong bank earnings (16:52), Coinbase’s direct listing (20:04), and some headlines around Tesla that caught their eyes this week (26:57). The co-hosts interview horseracing legends Bob Baffert and Jack Wolf (34:51) and talk about their passion for what they do, parallels with finance, some behind-the-scenes of racing at the highest level and stories of the winner’s circle. Shoot us an email at contact@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. Follow the co-hosts: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter

Transcript

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0:00.0	Hey, everyone, welcome to On the Tape.
0:07.7	I'm Guy Adami.
0:08.8	I'm joined, as always, by my dear friends, Dan Nathan and Danny Moses.
0:13.3	Today, we'll be talking bank earnings, the broader market.
0:16.4	Coinbase's direct listing.
0:18.5	Oh, we had a passing this week. Bernie Madoff passed away. And later on,
0:22.9	we're going to be going off the tape in an interview with horse racing legends Bob Baffert and Jack
0:28.7	Wolf with the May 1st Triple Crown kickoff on the horizon to Churchill Downs. Fellas,
0:35.1	how are you today? How are you guys doing? Oh, good guy.
0:37.7	Glad to be here with you, my man.
0:39.2	Oh, there's no energy there.
0:40.5	There's no energy.
0:41.3	So I'm going to start this off with the broader market because why not?
0:44.0	And I mentioned Bernie Madoff because on a week where the Dow goes to 34,000 and
0:48.8	NASDA gets to 14,000, there's zaniness all around. This is a week that Bernie Madoff passes away. I find that
0:55.5	interesting, but I also find this interesting as well. Macro stuff. Mike Wilson from Morgan Stanley.
1:01.2	I'm quoting here, by the way, underneath the surface, there has been a noticeable shift in leadership,
1:07.6	which could be telling us something about the reopening that may not be obvious.
1:13.9	Russell 2000 Small Cap is underperforming the S&P 500 by 8% since the March 12th high.
1:20.7	That's number one.
1:21.5	By the way, as we tape it, the Russell is actually lower on the day.
1:25.4	Savita Submaraniian from Bank of America.
	...

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