Market Mis-Matcha with SoFi’s Liz Young

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 6 May 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of “On The Tape,” Guy Adami and Liz Young Berkshire’s massive cash pile (2:00), bond market volatility (6:30), Fed cut expectations (9:45), the consumer (13:30), dollar/yen (21:45), customers trading down (28:00), China buying gold at record pace (33:00). 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	Monday edition of the On the Tape podcast. I'm Guy Adami, always joined by the brilliant Elizabeth Young.
0:08.5	That's E.Y from SoFi. Elizabeth, how are you? Good morning. Well, I think I'm better than you.
0:14.5	You're three hours behind me right now and up early to do this. It has been a few days of travel for G. Swizz, third person there for you. Yes,
0:23.3	last week, as you know, we were in Miami, got back and then Sunday, that of course would be
0:29.4	yesterday. I got on a flight to Denver, Colorado, and then headed to Los Angeles, California.
0:37.1	I arrived in L.A. at midnight, L.A. time.
0:40.3	I will be leaving tonight on a jet plane for you, Glenn Campbell fans out there, taking the
0:46.5	red eye back. But today, Elizabeth, we have quite a bit going on. So we're out here for the
0:51.7	Milken Conference. We will be broadcasting market call
0:55.9	from the Milken Conference. In addition to, I have a great conversation that I'm looking forward to
1:02.4	with Michael Saylor at the end of the week. That will drop in your favorite podcast store on Friday.
1:10.2	So there's just a bevy of things going on here. A plethora of
1:13.8	content. What stuck out to you the most? We'll start with this Buffett weekend. You know, obviously,
1:19.5	to me, the big headline was, you know, I know people are talking about he sold a considerable
1:24.2	out of his Apple shares, but that was probably portfolio management if I had
1:28.3	a guess, although he didn't really get in the weeds. But the fact that Berkshire Hathaway now has
1:33.1	on their balance sheet, $189 billion, and I'm somewhat paraphrasing, Liz, but he's basically saying
1:40.2	it's very difficult to find opportunities in this environment, which to me is sort of
1:45.7	code for, you know, the market's gotten expensive. We're sort of building this rainy day fund.
1:51.5	Hopefully it doesn't happen, but if it does, we're going to be prepared.
1:55.5	Yeah, well, so the other thing that I heard him say that was interesting is that they'd be
2:00.3	carrying that cash
	...

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