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On The Tape

MKT Call 8/3/22: Yield Curve Inversion Deepens & Stocks That Are Bottoming

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 3 August 2022

⏱️ 30 minutes

🧾️ Download transcript

Summary

On this episode of MKT Call, Guy Adami and Dan Nathan are joined by Tom Sosnoff of tastytrade and Carter Worth of Worth Charting to discuss: The yield curve inversion deepening OPEC+ agreeing to a modest increase in oil production Two fintech stocks are surging (PayPal, Robinhood) Groups of stocks that may be bottoming (Biotech, Software, Retail) Revisiting Carter’s CAT & AMD calls ---- Watch MKT Call at 1pm M-TH on YouTube Sign up for our emails ---- MKT Call is brought to you by our presenting sponsors FactSet, tastytrade, and is powered by OpenExchange. ---- Follow us on Twitter @MKTCall Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook  @RiskReversal Watch all of our videos on YouTube

Transcript

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0:00.0

Hey, it's Guy here, and you're listening to an audio broadcast of Market Call. That's MKT Call.

0:06.2

It's a video series I do with Dan Nathan every Monday through Thursday live at 1 p.m. Eastern.

0:12.5

We break down the big market moving headlines and offer trade ideas. Each week, we are joined by

0:18.0

Carter Worth of Worth Charting and Liz Young from SoFi for their investment analysis.

0:23.0

So check it out. And if you like it, one o'clock on the East Coast.

0:50.0

Obviously, if you're in a different time zone, it's a different time.

0:52.9

But that doesn't really matter

0:54.1

because I am Guy Adami. It is August 3rd. It is Wednesday. Dan Nathan's still on vacation. This is

1:00.0

Market Call. I am joined on Wednesdays by the great Tom Saznoff, founder and CEO of Tasty Trade.

1:06.9

In just a few minutes, Carter Braxton, worth of Worth, Charting, will be joining as well.

1:14.0

Wednesdays are jam-packed people, so strap in.

1:19.0

Today's episode is brought to you by FACSET, financial data and analytics that are powered by tomorrow.

1:25.8

Tasty Trade, empowering the individual investor through content, technology, and know-how.

1:30.9

And, of course, we're powered by Open Exchange. Tom, how are you out there in Chicago land? I'm actually pretty good today. All things considered, pretty damn good.

1:36.9

What are you feeling? Since I want to start with a question, and this is something we've talked about

1:40.9

for a while. Carter's going to join in a few minutes, but since the middle of June, we've been pretty steadfast in our belief that, you know, the S&P, which traded down

1:48.2

to 36 and changed or so was headed to 4,100. I thought it would coincide with Apple earnings. And the

1:54.9

question from one of our viewers, Michael says, we hear about the powerful bear market rallies.

2:01.5

Do you think, Tom, this is what we're experiencing right now?

2:07.6

Very fair question.

2:10.1

I actually, I don't want to, I'm going to answer the question, guy.

2:14.3

I just, I hate the term bear markets and bull markets because I think

...

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