4.6 • 757 Ratings
🗓️ 20 December 2022
⏱️ 32 minutes
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0:00.0 | Tuesday, December 20th, the Rangers are in Pittsburgh. |
0:17.1 | That's going to be a great match tonight, Dan. |
0:18.3 | I know you'll be watching. |
0:19.4 | This is Market Call, by the way, Guy Adami here. Dan, Nathan, just to two of us on Tuesdays. Today's episode |
0:26.0 | is brought to you, Dan, by CME group. I love this, by the way, where risk meets opportunity. |
0:31.7 | I love those commercials with Laird Hamilton. Yeah, he's just got sculls out there in Hawaii. It's great. And also a fact set, |
0:39.4 | not only our sponsor, Fax Set, but our data partner as well. And we're going to talk about |
0:44.7 | the yen in a bit because that's the big story of the day. But before we do, how are you, Dan, Nathan? |
0:49.5 | I'm doing well. You know, it's funny, guy. Today, FACSET reported earnings. They actually reiterated their |
0:54.4 | guidance for the full year. I thought that was kind of interesting in a way. That stock is really |
0:59.3 | outperform the broad market. It's down 15% of the year. So good on you, FACSet. Keep it up. Guy, |
1:06.5 | you know, it's interesting. Overnight, if you pull up your FACSET app, as I often do when I wake up |
1:12.9 | and I pull up my iPhone, you saw what was going on first in the 10 year. And we'll talk about the kind |
1:18.2 | of knock on effects. I mean, you've been saying this for a very long time. The volatility that we |
1:22.7 | see in the 10-year U.S. Treasury yield is something truly extraordinary, and we'll get to the reasons why |
1:29.4 | in a second. It's funny, though, you know, the knee-jerk reaction with what the BOJ did was, you know, |
1:36.0 | yields up, stocks down, right? And we've seen that trade before. And it's interesting. If we look at |
1:41.0 | the S&P 500 futures, this is a chart we've been tracking |
1:44.5 | for a while, rejected at that downtrend, the 200-day moving average. And to my eye, I mean, |
1:49.9 | where is the support in this sort of thing? And you and I were left asking the question, |
1:54.3 | how does the S&P find a near-term bottom in December that it started out to be one of the worst December's in a very long time. |
2:02.0 | Yeah. I mean, if you look at this, again, if you just look at the trend lines that we've been |
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