Hard to Imagine with Liz Young of SoFi and Mark Simmer of Clear Haven Capital Management

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 18 September 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Guy, Dan, and Liz Young of SoFi discuss the Fed painting the picture for a soft landing (2:45), a perfect storm for US multinationals (7:00), oil/energy prices (8:40), market risks (10:15), the potential for more volatility (14:15), and traders going to jail for spoofing (21:00) . Later, Dan sits down with Mark Simmer of Clear Haven Asset Management to discuss growing interest in the private credit market (25:00), his background (27:30), how Clear Haven is competing with larger players (30:00), how he is thinking about the risk environment right now (34:00), the banking crisis (37:00), the consumer (44:15), and opportunity in the current rate environment (46:30). Read: Why a Soft Landing Could Prove Elusive Read: Ex-JPMorgan Gold Trader Sentenced to Six Months in ‘Spoof’ Case Read: Ex-Wells Fargo Executive Avoids Prison Over Accounts Scandal 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. 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

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0:00.0	Welcome to the Monday edition of the On the Tape podcast.
0:05.8	I'm Dan Nathan.
0:06.4	I'm joined by Guy Adami and also on Mondays, Guy.
0:10.7	It is EY from SoFi.
0:12.2	That would be Liz Young.
0:13.1	She's the head market strategist at the aforementioned.
0:16.0	SoFi, Liz, welcome.
0:17.5	Hello.
0:18.3	Happy Monday.
0:19.5	It's a stormy Monday.
0:21.2	It's rainy. Oh, there it is.'s a stormy Monday. It's rainy.
0:22.1	Oh, there it is.
0:22.5	Your Packers, tough loss to the Falcons.
0:25.5	By the way, the 2-0 Falcons, Dan.
0:27.9	Yeah, I got to give a shout out to my main man, Dave Ragon.
0:30.5	He is the offensive coordinator for those falcons there.
0:33.4	Two-and-O guy.
0:34.2	And let me tell you something.
0:35.4	I was in New Jersey last night. I was on the beach at Asbury Park.
0:38.1	They had a couple TVs set up.
0:39.5	I was there for a Food Fighters concert at C here now.
0:42.8	And they had dual screens, as they say in the biz.
	...

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