Let The Market Bounce & Save Our Souls with Mike Wilson

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 12 September 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy Adami and Danny Moses are joined by Mike Wilson, Chief U.S. Equity Strategist at Morgan Stanley. They delve into recent economic developments, focusing on market volatility, Fed policies, and inflation. Mike discusses currency movements, particularly the Yen, and their implications. He provides insights into the labor market's current state, inflation's impact on consumer spending, and the potential economic slowdown. The conversation also covers the performance of quality defensive stocks, energy and industrial stocks amidst late-cycle trends, and the evolving AI technology landscape. The podcast ends with a brief diversion into NFL picks for the week. 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 Thomas @LizThomasStrat 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 Adami, always joined by Danny Moses. Danny, how are you?
0:07.9	Great guy. Great to see you. Typically joined by Dan Nathan, but Dan Nathan is in California. I'm doxing him.
0:14.4	No, on assignment in California. He's what? On assignment in California. Yeah. We're also joined on assignment. We'll go with that. We're also
0:22.1	joined by Mike Wilson, the chief U.S. Equity Strategist at Morgan Stanley. Mike last joined us on June 28th.
0:31.1	It is a thrill to have him back, and it's a perfect time to have him back. But before I even say
0:36.5	hello to Mike Wilson, prior to this
0:39.1	podcast, you were singing a little John Kuhlumel. Let it rock, let it roll. Let the market
0:45.2	bounce come and save us up. Exactly. That's where I was going. Let the market bounce come
0:50.7	and save our soul. We just did that. All right. Genius.
0:58.7	Last time Mike was here, as I mentioned, June 28th, the S&P 500 was 5500.
1:03.2	Today, Mike's back. Today's Wednesday. The S&P is Danny?
1:04.2	5500.
1:08.2	5500. Let's welcome Mike to the main stage. Let's welcome Mike to the main stage. Mike Wilson,
1:18.0	how are you? I'm doing great, guys. So the S&P's unchanged, nothing's happened. No, no. A lot has happened since then. So let's go backwards first because I've listened to some stuff you've done and one of the points you've made, a few
1:23.8	of the points you've made is you think the Fed is basically tamed inflation, rearview mirror. You think there's still some hiccups ahead of us. But one of the things you
1:32.0	really sort of laser focused on, and I agree with you, I think Danny does as well, is what's
1:37.2	been going on with currencies specifically the end. I want to start there because the move that we
1:42.9	saw on August 5th, I think was sort of basically
1:46.9	precipitated by what happened with the Bank of Japan and then the subsequent move in dollar
1:51.5	yen. So let's start there and sort of work backwards if that's okay. I mean, a lot has happened.
1:56.0	I mean, it's the same thing. You look at the index like, well, nothing's happened. I mean,
1:59.2	a ton has happened. And I want to go back to early July, actually. That's when we got the first soft
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