Jay Pow is Flying High Over Wall Street, and We’re All About to Die with Stuart Sopp of Current

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 23 September 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

See our transcript & show notes here Dan and Danny are joined by Stuart Sopp, CEO of Current, to discuss what the Fed said (2:05), the consumer (5:30), the BOJ intervention (16:15), NYC rents plateauing (19:59), JPMorgan chart on the brink of a breakdown (23:38), turbulence in the markets (23:38), and what the term crypto winter means to Stuart (35:58). Later, Dan and Danny discuss what’s happening in Europe right now (48:23), why you shouldn’t be pressing stocks (51:45), and Danny's NFL picks (55:22). ---- 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

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0:00.0	Hello, listener. You're listening to On the Tape. I am Dan Nathan. I am here with my co-host, Danny Moses.
0:07.1	By the way, is Guy running in the election on Sunday in Italy? Why isn't he back yet? What is going on?
0:11.6	Do you think head-to-head versus Barrelisconi? He would crush him. Yeah. All right. Well, Guy will be back next week. But in his stead, we have Stuart Sop.
0:23.2	He is the CEO and co-founder of Current.
0:25.4	He has been a guest on this fine podcast.
0:27.4	You've also been a guest on OK computer.
0:29.4	Stuart, welcome back to On the tape.
0:30.9	Thank you guys for having me.
0:31.5	This is awesome.
0:33.3	Well, listen, we wanted to have Stewart this week.
0:39.0	We planned this a while ago. Stuart is an ex-macro trader. He traded globally. You were in what,
0:43.5	Singapore, you were in Hong Kong, you were in London, you were last in New York at Morgan Stanley.
0:47.6	You were a rates trader. You're a currency trader, correct? Yep. So we're going to hit the macro here,
0:57.4	but Danny Moses. Yes. We just got to start with this Fed. What the Fed said, I mean, what they didn't say. You and I have been doing this a long time. You have not traded actively, Stewart, in a very long time. But you watch the markets very, closely. You run a company that, not a bank, but it is a fintech company.
1:01.0	Thankfully, he's not a bank, because we'll get to that way. We'll these debt sitting on people's
1:04.2	bank. We will get to that. But the action that we saw, not just in the stock market, in the currency market, in the yield market. Commodities of anything,
1:11.1	which have been crazy, I've actually seemed really calm right now. Let's just talk about,
1:15.1	we're recording this Thursday into the close here. One other thing, people, I listen to a lot of
1:20.4	podcasts. I listen to every podcast that we do. I listen on one in a quarter. I think we sound really
1:25.1	good on one in the quarter. I talk pretty fast already. Let's talk. Let's just talk at one in a quarter. I think we sound really good on one in the quarter. I talk pretty fast. Let's talk. Let's just talk at one in a
1:29.6	quarter. Can we do that? Well, then it would be one and a half. It was a spinal tap. You put it on 11. 11.
1:34.5	I want to start out with this. While I'm where one man throws common sense out the window,
	...

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