Preview of the Market’s Week Ahead and an Interview with Allen Sukholitsky of Masterworks

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 15 August 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

See our show notes and transcript here On this bonus episode of “On The Tape,” Guy, Dan, and Danny preview the big events happening in the stock market this week (0:35). Later, they go “Off The Tape” with Allen Sukholitsky, CIO of Masterworks, and discuss his transition from Goldman Sachs to Masterworks (16:07), democratizing art (21:05), liquidity in the asset class (28:10), art vs. gold in inflationary environments (30:30), digital art (38:15), inserting art into asset allocation models (40:24), and investment performance (42:52). ---- 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	As part of our off the tape series sponsored by I Connections, you're listening to a bonus
0:08.2	episode of On the Tape with the extraordinarily handsome Danny Moses and equally sexy Dan Nathan.
0:16.6	In just a few minutes, we'll be speaking with Alan Sukolitsky, the chief investment officer of Masterworks.
0:23.1	But first, data coming out fast and furious to hear, Danny. How are you?
0:28.3	Good. I hope you had a nice weekend. Got to recover from the bull market rally last week and
0:32.9	see what we're dealing with today. And yeah, I woke up this morning to some bad data in China to some
0:38.3	horrible data in New York, the Empire Survey, I believe we call that. And then watching the
0:43.6	NHB, which is coming out in real time with a housing sentiment, continues to be negative, but just
0:48.0	buy stocks, I guess, guys. Well, hold on, Danny, you just called it a bull market rally. Did you
0:52.0	misspeak? Did you mean to say it's a new bull market in a bear?
0:55.9	What are you saying here? No. Is that what I said? Yeah, you did. That's Monday hangover.
1:00.2	No, that's not what I meant to say at all. Bear market rally. That's what we had last week.
1:04.1	The data, the Fed's going to be data dependent. They're only going to go 50 basis points in the September meeting by stocks. That's your point.
1:11.6	But I guess what you're saying right now is like, look at these two data points we have this morning.
1:16.1	I think that Empire Manufacturing number, what, second worst on record?
1:19.8	And so let's just kind of break this down.
1:21.8	What does it mean a lot of investors are going to be trying to read every little tea leave, right?
1:26.4	As we go into, we're going to have the minutes this week, like you just said, and then we have Jackson Hole
1:30.7	at the end of next week. What is weak economic data do? Does it give them cover to pull back?
1:35.8	I guess is the question guy. Well, no, I don't think it does at all. And if you listen to some
1:39.6	of these Fed officials over the last few days, I think they would submit, listen, yeah, we're data
1:44.4	dependent, but the data that matters still continues to be a CPI that's running three times,
	...

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