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On The Tape

MRKT Call 12/13/22: Easy Come Easy Go

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 13 December 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

Dan Nathan and Guy Adami discuss the top market headlines for Tuesday, December 13th: - Taking stock of market reaction to CPI data - OPEC's cautious outlook - DXY at 6 month lows - Yields grounded MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall 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

Tuesday, December 13th, Guy Adami, Dan Nathan Market Call 1 p.m.

0:17.4

We're 5,000 a little early today, folks.

0:20.4

Just so you know, probably about 125-ish,

0:23.2

as Dan's got some important biz, as does G-Swizz. But this is Market Call. Today,

0:28.5

sponsored by CME Group, Dan, where risk, in fact, meets opportunity. And our partners at

0:34.4

facts at both our sponsor and our data provider, they continue to get it done for us.

0:39.7

Dan, Nathan, I will tell you every once in a while you have these days, we've got to bookmark.

0:43.3

You've got to get one of those trim tab things and put it on the page.

0:46.8

Well, today appears to be that type of day.

0:49.8

I mean, listen, you and I, you know, we were speaking earlier this morning.

0:52.8

The data comes out.

0:53.7

I don't think it's a big

0:54.5

surprise. We have this Fed meeting tomorrow. We know that the CME Fed Funds futures are pricing a near

1:00.0

certainty of a 50 basis point increase. We know that the last four meetings, we've seen 75 basis point

1:06.5

increases, has been the largest pace in which the Fed has raised interest rates in a very long time.

1:12.2

And here's the thing.

1:13.1

The fact that we have the CPI data this morning guy, and it's a little softer, and that the S&P futures are literally bid up 3% like that.

1:21.9

You see bond yields going the other way.

1:23.6

I think we have a day chart here, the S&P, which just really shows, you know, the hair

1:29.1

trigger action. You like to use that term every once in a while. I mean, investors want to, you know,

1:34.4

shoot first, ask questions later. I mean, that's just a one day open at the highs. You know,

1:39.5

here we are making new lows about to go red on the day. I mean, what does that sort of behavior, investor behavior,

...

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