Lumbering Through Fed Week + Michael Marone & Boris Vuchic Of Crescent Rock Capital

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 12 June 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to MRKT Call on Sirius XM - Listen Mondays at 12pm ET on Business Radio (Ch. 132). SiriusXM subscribers can call in at (844) 942-7866 Guy, Dan and Liz Young, head of investment strategy at SoFi, discuss the upcoming June Fed meeting & tightening credit conditions (2:00). What macro insights are the home builders telling us (16:00)? Oracle reports after the close today, what’s the state of the A.I. trade (23:00)? Later, Dan and Guy interview Michael Marone and Boris Vuchic, co-founders of Crescent Rock Capital, to discuss navigating tumultuous market environments (34:00), similarities to past bubbles (44:00), being disciplined with investments (50:00), sectors they are closely watching (energy & materials) (52:00), the concentration in mega-cap tech (55:00), and their firm’s growth trajectory (59:00). 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 On the Tape. I am Dan Nathan. I'm joined by Guy Adami.
0:07.0	Yeah you are.
0:08.0	Young EY from SoFi. We're already a little bit off the rails as Liz would say.
0:13.0	Liz, welcome.
0:14.0	What's up? Good morning. Good Monday morning to everybody.
0:19.0	We got a big show and we got a big week in the markets here.
0:21.8	We have CPI tomorrow morning.
0:23.0	We have the Fed, the all-important Fed meeting on Wednesday.
0:27.0	We also have a couple of earnings, I think, in the software space that are going to be
0:31.2	interesting for us to talk about and see how these stocks react at 52-week highs.
0:36.3	What I would say are very high expectations. We have a little
0:39.9	data as it relates on the housing. We have Lenard. It's going to be reporting earnings. Liz,
0:43.6	you have something to say on lumber as guy is going to lumber through this podcast. Guy and I
0:48.5	all turned a great conversation on Friday with Mike Barone and Boris Vouchek. They are the co-founders
0:53.3	of Crescent Rock Capital.
0:55.3	They are long, short, equity investors. And they've been in the game for a while. We talk
0:59.7	about some of the different cycles, some of the things that kind of remind them of the past cycles
1:03.5	in the current market environment. And we really enjoyed talking to those two fellows to stick
1:08.0	around for that. Okay, guys, let's just get into it because,
1:11.3	again, we start off on Mondays. We usually have our friend Mike Wilson over there at Morgan
1:16.5	Stanley. He's been reiterating his bear esteem. That's something that you also hear from Guy and myself
1:21.2	on Monday mornings. You also hear it on Tuesdays, on Wednesdays, on Thursdays, and on Fridays, which means that we've been wrong of late and
	...

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