You are listening to On the Tape.

I am Dan Nathan.

I am joined by Danny Moses.

Guy Adami is off this week, but Guy did join me for a conversation earlier in the week with Tommy Vitor.

Tommy is a co-founder of Cricket Media and a co-host of Pod Save America and Pod Save the World.

We had a great conversation about podcasting. What else? And of course,

his outlook for the geopolitical situation and how it might affect the global economy. And of course,

we look at it through the lens of our markets. So stick around for that. First things first,

let's get to the markets. Danny, how are you, buddy? I'm doing well, man. I'm happy the quarter is

coming to an end here. Believe me. This was a crazy quarter for risk assets across the board. We're also going to get to your

picks later on. So stick around for the final four. You went what? Three for four last week.

Is that what you did, Danny? Four out of the eight games. Yep. That's excellent. All right. So you're continuing your streak. Good thing. I did not bet against you in that.

But listen, we often look at markets through the lens of the stock market. We often think about performance in those terms.

But S&P was down 15% at its lows. Just a few weeks ago, the NASDAQD was down more than 22%. But the headlines are reading,

worst quarter for stock since Q1 2020.

We know it was going on in Q1 2020.

But this time around, some of the disconnects and some of these other risk markets are the things that you feel like we should be paying attention to, right?

Yeah, this feels like Wiley Coyote and Roadrunner running around.

And Coyote makes his way onto the cliff edge.

He doesn't realize that the cliff's

about to fall off and he's just standing there. It just feels that way to me. These movements and

commodities, yag, nickel and oil and NASDA. We've had bear markets, bull markets, corrections

...