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RiskReversal Pod

Markets in Turmoil as the Taper Wheels Come Off

RiskReversal Pod

RiskReversal Media

News, Investing, Business News, Business

4.7836 Ratings

🗓️ 18 February 2022

⏱️ 53 minutes

🧾️ Download transcript

Summary

Guy, Dan and Danny discuss markets in turmoil (1:21), wage inflation (14:01), value depression in Nvidia (24:52), Scott Wapner’s CNBC interview with Cathie Wood (30:16), double ROTT on Tesla (42:37), stocks the guys are watching for a buy (46:43).  ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at OnTheTape@riskreversal.com 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

Click on a timestamp to play from that location

0:00.0

Not that I'm one to quote Barry McGuire, and I know neither one of you know who Barry McGuire is.

0:06.6

Danny might know, but his most famous song was The Eve of Destruction, and one has to wonder, given everything we've heard over the last week, are we on the Eve of Destruction?

0:17.8

I know what your answer is, Danny Moses. Dan, Nathan, thoughts on that before we get

0:21.1

into things. Are you labeling us as a doom, gloom in something podcast here, guy? I mean, listen,

0:26.6

here's the thing. There are no victory lapse here, but we've been talking about the absolute

0:30.7

destruction in a large part of the market, a large part of the market that retail investors

0:34.5

are focused on. We've been doing that for months and months and months. And I think it's interesting that you suggest the Eve of Destruction, which might

0:40.7

actually suggest, Guy, that it's the broader markets that we're literally focused on here because

0:47.2

under the surface, there's just been so many ominous signs. I know Danny has never been more

0:52.7

bearish. I think he made that proclamation months and months ago.

0:56.3

But man, oh man, I mean, this market feels really sick right now. And it's only down 6%. That's the S&P and the

1:02.2

NASDAQ's down 11% on the year. Yeah, listen, I'll add to that. I hope there's no war in Ukraine.

1:07.6

But things were already getting bad as far as the U.S. stock market's concerned before

1:11.3

troops started to line up at the border, right? So this is just a distraction to this market.

1:15.9

It may be an excuse, but the realization is hopefully that thing subsides and calms down a bit.

1:20.4

I don't think it will anytime soon. There'll be a certain level of stress, but it brings back

1:25.0

in what we talked about months ago. Listen, I would love to be

1:27.7

bullish on everything. I promise you, I would. It sucks being embarrassed. It sucks, betting that don't

1:32.2

pass when everyone's on the pass. It sucks. I don't like it. However, China-Tiwan issue is going

1:36.9

to rear its head again as soon as the Olympics are over. We know that. So you're going to have

1:40.2

across-the-world issues, and we're in the middle of winter still. And so energy costs are higher.

1:45.4

And yeah, oil may move 85 to 95 on geopolitical, this and the other, but it's going to remain

...

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