Markets? We Just Disagree. Plus an Interview with Liz Ann Sonders of Charles Schwab

RiskReversal Pod

RiskReversal Media

News, Investing, Business, Business News

4.6 • 757 Ratings

🗓️ 23 November 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of On The Tape, Guy Adami and Danny Moses discuss the S&P hovering near 52-week highs despite trouble under the hood (3:00), market structure/concentration (5:00), the Sam Altman/OpenAI shakeup (12:00), Binance users pull over $1 billion from the exchange after CEO leaves, pleads guilty (16:00), the energy space (21:30), and Danny’s NFL picks of the week (23:30). Later, Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, joins the podcast for the first time. They hit her background (31:30), stock market strategists calling tops and bottoms (34:00), Mag7 vs. the rest of the market (38:30), analyst earnings estimates (45:00), valuations (18:15), the rolling recession (53:30), the Fed put (59:00), the energy space (1:01:00), other sectors she is watching (1:03:30), and growth vs. value (1:05:00). — 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 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

Transcript

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0:00.0	Welcome to the On the Tape podcast, wishing you all a very happy Thanksgiving,
0:07.8	Guy Adami, along with Danny Moses.
0:11.5	Later on, Dan Nathan and I had a great conversation with Lizanne Saunders.
0:16.4	She's the chief investment strategist at the acclaimed the venerable Charles Schwab.
0:23.4	So stick around for that.
0:25.6	We're going to talk about a lot of things.
0:26.8	There are a lot of things this week.
0:27.8	Sam Altman, Nvidia earnings, rates going lower, crude oil cascading lower, Danny Moses.
0:34.1	But before we start, you know how I like to get into these things.
0:37.4	And last night,
0:38.4	driving home was a rather long car ride home traffic. I heard the great Dave Mason, who's in
0:44.3	the Rock and Roll Hall of Fame, Danny, you might be familiar with him. And his big solo hit was a song
0:50.2	called We Just Disagree. And that's the way I feel about the market right now. I'm going to
0:55.8	read you a lyric and curious just to your thoughts, Danny. So let's leave it alone because we can't see
1:02.4	eye to eye. There ain't no good guy. There ain't no bad guy. There's only you and me,
1:08.8	and we just disagree.
1:11.2	And as I sit here watching the S&P seemingly grow higher every day, there are no good guys here,
1:16.6	they're no bad guys, it's just me and you, Danny, and I don't disagree with you,
1:20.2	but I disagree with what's going on in the market.
1:23.1	But you know what?
1:23.7	I guess that's that old saying.
1:25.3	We'll agree to disagree.
	...

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