Investors Want it All with Stuart Sopp of Current

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 1 March 2024

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s episode of “On The Tape,” Guy Adami, Dan Nathan, and Danny Moses discuss investors chasing the market highs and dash for trash (2:00), crowded trades coming undone (9:00), the Buffett indicator flashing red (20:00), and active vs. passive investing (27:15). Later, Stuart Sopp, CEO of Current, joins for an update on the consumer (30:00), interest rates (39:30), the labor market/wages (44:45), Capital One’s bid for Discover (46:00), bitcoin (51:00), gold/gold miners (54:20), and the AI boom (57:25). Articles Mentioned on this Pod: Biden Calls Chinese Electric Vehicles a Security Threat (NYTimes) Apple Is Behind in AI—and Investors Are Getting Impatient (WSJ) The Consequence of Sticky Inflation (Axios) Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe — 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 on Twitter or @riskreversalmedia on Threads — We’re on social: 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 The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Transcript

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0:00.0	Welcome to the On the Tape Podcast, Guy Dami, Danny Moses, Dan, Nathan. Dan, Nathan, how are you?
0:06.1	I'm great. Danny Moses, how are you? I like being with you guys for a couple weeks in a row. I'll be back up soon.
0:11.6	So you're in the FLA right now. Is that correct? That's correct. Big On the Tape podcast. We got Danny with us,
0:17.8	obviously. And in a few minutes, we're going to talk to Stuart Sop, the CEO and co-founder of Current.
0:23.6	We're going to drill down on some of this inflation data that I think, Dan, is still hot.
0:29.3	But other people think it's cooling a bit.
0:31.0	We'll see what Stu has to think about.
0:32.5	Well, it is interesting that this was the Fed's preferred inflation reading today.
0:37.4	We just wanted to do that a little bit.
0:40.0	And interestingly enough, the headlines coming out of the PCE was that it confirms the notion
0:44.9	that the Fed is going to have some runway to cut rates later.
0:48.1	But yields aren't moving a whole heck of a lot.
0:49.8	Stock market liked it, though.
0:51.4	So yields not moving much.
0:53.7	Stocks raging. Yes. Funny you should say that.
0:56.9	Indulge me as you typically do at the beginning of every one of our shows. Now I believe in our
1:01.9	fourth year. Is that correct? Yes. Which is remarkable if you think about it. I read a lot of things
1:06.5	this week. I don't just look at stock market stuff. I look at sports. I look at entertainment. I look at
1:12.6	music. And I saw this week, Danny Moses, that Queen, one of my top five bands of all time, by the way,
1:19.4	is about to sell their catalog of music for $1.2 billion with a B. One point two billion dollars with a B. And I say, getting back to my earlier
1:31.3	point, good on your queen, because they're a tremendous band and they can do whoever purchases
1:37.1	this catalog can do a lot with it in the advertising world. So good for them. Now it got me thinking.
	...

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