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On The Tape

Not a Time for Index Hugging with Peter Boockvar and Jonathan Steinberg of WisdomTree

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 28 November 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Guy, Dan, and Peter Boockvar discuss what protests in China mean for Central Banks around the world (1:00), crude oil under pressure (5:00), S&P 500 earnings (7:30), and the yield curve inversion (11:00). Later, Peter interviews Jonathan Steinberg, CEO of WisdomTree (WT), and talk about how WisdomTree created and marketed their funds in the past and some of their current funds in a world of higher interest rates (16:00), currency swings (22:00) and whether this a time for more finesse in the ETF space given all the macro-economic cross currents (40:00). Check out our show notes and transcript 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. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0

You're listening to a bonus episode of On the Tape. Guy Adami here, joined by Dan Nathan,

0:06.5

and of course the great Peter Bookbar. Later, Peter's going off the tape with Wisdom Tree CEO,

0:13.5

Jonathan Steinberg. I think Wisdom Tree is probably up like $80 billion or so of assets under management.

0:19.5

They were sort of the groundbreakers of the whole

0:21.5

ETF world. And Jonathan and Peter, I have a great conversation. But before we start with that,

0:27.1

how are you, Peter? Guy, Dan, great to chat with you guys. Listen, you had a great note out this

0:32.9

morning. Obviously, I think what's front and center is China, what's going on there, the opening, reopening,

0:39.3

not opening, now civil unrest.

0:41.7

It makes you wonder how this whole thing is going to shake out.

0:44.6

And for whatever reason, our market is seeming to pick up on that today.

0:48.6

Well, what's interesting is, you know, China's authoritarian government is all about control,

0:53.8

control, control. Now we're

0:55.6

beginning to see that the disgust and the dissent has brought people to wit's end. It's amazing

1:01.9

how much they're acting out. And immediately, I mean, it's just within hours of some of this.

1:08.3

I'm reading a story that China's eased even more restrictions

1:12.1

after the weekend's protests and that the government is going to no longer block access to

1:17.6

apartments where infected residents live. Now, that may not sound like that's really going out of

1:23.9

their way, but a couple of weeks ago, they announced 20 different initiatives to get to

1:30.8

an easing approach to their COVID stance. So there's been a lot of steps that have been leading to it.

1:38.8

But now I think the hope is that it's going to really quicken the pace. And while we still have to

1:43.8

wait until February, March, when they get through the flu season, it's, it's that it's going to really quicken the pace. And while we still have to wait until February

1:45.3

March when they get through the flu season, it's obvious that there's an end game here to China's

...

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