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On The Tape

Hope is a Dangerous Thing with Liz Young of SoFi

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 26 August 2022

⏱️ 60 minutes

🧾️ Download transcript

Summary

See our show notes and transcript here Guy, Dan and Danny are joined by Liz Young, head of investment strategy at SoFi, to discuss summer rally for stocks (4:00), the Fed meeting at Jackson Hole (10:47), young investors (15:40), how the markets could shake out after Jerome Powell’s speech (22:00), student loan forgiveness (26:30), Salesforce and Snowflake earnings (37:43), Liz’s note on what’s happening in China (44:33), Danny’s investor quiz (51:51), and EY from SoFi unplugged (56:27).  Take the SEC investor quiz ---- 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 us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

Click on a timestamp to play from that location

0:00.0

I'm sure a lot of you people out there think you guys plan these guests ahead of time. And

0:06.9

sometimes that's true. Sometimes it's kismit. Sometimes the stars align. But sometimes we plan a guest

0:14.2

for a reason, Dan Nathan and Danny Moses. And I find myself reading a lot lately. I've re-read the book, The Fountainhead.

0:23.2

I've also recently started Atlas Shrug.

0:26.1

You Ayn Rand fans out there might be familiar.

0:30.2

I mentioned that because one of her lesser-known works,

0:35.0

the Ayn Rind Library, The Voice of reason. Essays and objectivist thought by

0:42.4

Ayn Rand. Now, I mention that because you always say, you, Danny and Dan, your hair's on fire,

0:49.0

you hate the Fed. So we thought we would bring in a voice of reason today in the form of EY from SoFi.

0:58.1

You know her from Market Call.

1:00.3

You know her from SoFi.

1:01.9

You know her from the halftime report.

1:03.8

You know her from just about every news organization out there that needs an intelligent voice of reason.

1:09.9

Well, she's joining us today on on the tape.

1:13.2

How are you, EY? I'm fantastic. I feel like the title of this episode should be three bears and a

1:19.1

bull. Turn on the mics. Well, hold on. First, first thing's first, Liz Young, so that's L.Y,

1:24.8

but you have a little thing that you call her E-Y, and then for the rest of us who

1:28.6

read the fountainhead in high school or college, whatever, you know, we just call her Anne Rand.

1:32.6

I don't know.

1:33.2

I was wondering if that's how I call her Ann.

1:35.3

It's not Ann. That's insulting. It's Ayn. It rhymes with nine.

1:39.6

Hold on a second. We just declared, Liz said, three bulls and a bear. How do you know?

...

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