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On The Tape

MRKT Call: Euro Stepping With Carter Worth

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 29 August 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Tuesday, August 29th. 0:00 - Rates & Yield 6:00 - Carter’s Euro Trade 12:55 - U.S. Dollar & Gold 17:30 - S&P 500 + NASDAQ 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

The 29th of August happens to be on a two-as-day this year.

0:17.1

One o'clock on the East Coast.

0:19.0

I guess it makes it like 10 or something on the Pacific.

0:22.5

But hey, Guy Adami, Dan, Nathan, market call.

0:25.4

Today's market call, Dan, brought to you by CME Group, where risk meets opportunity.

0:31.8

I love that.

0:32.4

Dramatic pause.

0:33.5

And, of course, our data provider always is fact set financial data and analytics powered by

0:38.4

tomorrow. Today, we will be joined by the great Carter Braxton Worth. So without further adieu, Dan,

0:44.0

how are you? I'm doing okay. Guy, today is one of those days in the stock market where I just

0:48.4

kind of want to rip my hair out a little bit. It's not that I'm so bearish. It's just that

0:52.8

the NASDAQ screaming 2% for no reason.

0:57.0

Well, well, yes, I hear you. And I'll give you the reasons Carter will amplify and I don't

1:02.7

mean to cut you off. But the reasons are going to be short-lived because the reasons were this

1:07.3

softer data that came in. We're going to talk about yields.

1:11.0

I think people are looking at bad news as good news because they think it takes the

1:15.4

Federal Reserve out of the equation.

1:16.7

Of course, the problem is the Federal Reserve has been in the equation.

1:19.9

So whether they're out at this point, I don't think even matters, but back to you.

1:23.6

No, that's it.

1:24.4

And it's all about yields.

1:25.5

If you look at yesterday, we were talking about the two years solidly above 5%. Well, it's solidly below 5% right now.

...

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