Money Aint Got No Owners Only Spenders

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 3 June 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this episode of “On The Tape,” Guy Adami and Dan Nathan talk about crazy month-end price action (4:00), narrowing leadership (7:30), what happens if the Fed doesn’t cut (13:00), consumer spending (16:00), the economy vs. the stock market (19:00), options pros worries about the S&P 500 rally (26:30), oil/OPEC+ (30:30), Nvidia gaps up on product announcement (32:00). Articles Mentioned on this Podcast: S&P 500 enters June near a record but with growing concerns about the market’s narrow leadership (CNBC) The Fed Won’t Cut Rates This Year (Barron’s) Key Engines of US Consumer Spending Are Losing Steam All at Once (Bloomberg) Majority of Americans wrongly believe US is in recession – and most blame Biden (The Guardian) Options Pros Are Worried About S&P 500 Rally’s Staying Power (Bloomberg) 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

Click on a timestamp to play from that location

0:00.0	Welcome to the Monday edition of the On the Tape podcast.
0:05.1	I'm Dan Nathan, joined by Guy Adami. Guy, how are you?
0:08.7	I'm all right. Look, tough weekend, obviously, that's not bury the lead.
0:12.2	But as I tweeted out right after the final horn went off, the horn that basically was the sound of Ranger fans putting to bed another season.
0:23.9	Panthers were a better team. The Panthers were a better hockey team. So I take some solace
0:29.1	in the fact that they played well, but they lost to a superior squad. We'll see what happens now
0:33.9	in an Edmonton Panther Stanley Cup final. Yeah, it should be great. And you just got to give
0:38.8	a shout out to Igor. I mean, as you would say, guy, he stood on his head for what, six games or so.
0:44.7	And that goes back to the other series. He was the man. We still have next year. Guy, we got a lot to
0:49.1	cover here. Cover Barron's always kind of interesting to see what they suggest. Some people think it's a contrarian indicator. They're saying the Fed rate cuts won't happen this year. We're talking a little bit today about consumer spending. We have some manufacturing data out this week. Earnings are getting a little light. Our main man, Jensen Wang, was over in the, I don't know, somewhere in Asia talking up their new chips and their new platform.
1:13.7	It's got, as we are recording right now, right before the opening, and Vida bit up 3% or so.
1:18.6	AMD announced some new chips, so we'll hit all of that.
1:21.0	And then just kind of the narrowing in this rally, I thought there was some really interesting divergences last week as tech was coming off.
1:27.2	You know, some of these other sectors were doing pretty well.
1:29.3	We had yields coming a little bit, but we got to start here, Guy.
1:32.7	What the hell happened Friday afternoon at 3 o'clock?
1:35.9	It really looked like the end of the month action, not particularly great, a few bad days in a row
1:41.5	for the tech heavy NASDAQ.
1:43.6	Some of the big leadership was leading to the downside.
1:45.8	We had some high profile software blowups.
1:48.6	And at 3 o'clock, I think a little after 3 o'clock, it's like the NASDAQ was down
1:52.4	1 and a half percent.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from RiskReversal Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of RiskReversal Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.