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RiskReversal Pod

”Revenge of the Meme Stocks” and an Interview with Meltem Demirors (EP.20)

RiskReversal Pod

RiskReversal Media

Business News, News, Investing, Business

4.7836 Ratings

🗓️ 28 May 2021

⏱️ 61 minutes

🧾️ Download transcript

Summary

Guy, Dan and Danny discuss James Gorman’s comments about the Fed needing to taper soon than his own economist predict (1:08), Ray Dalio and Carl Icahn getting into bitcoin (9:18), names like AMC and GameStop coming back (14:41), activists taking aim at Exxon (17:11) and Danny Rips Off the Tape on ESG Investing (2);34). The co-hosts interview Meltem Demirors (27:10) and talk about CoinShares going public (28:04), recent crypto volatility (38:00), whether ether is going to take market share from bitcoin (50:18) and Meltem’s take on Elon Musk and FinTwit/finfluencers more broadly (56:10). ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. Follow the co-hosts: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter

Transcript

Click on a timestamp to play from that location

0:00.0

Guyadami here. Welcome back to On the Tape with Dan Nathan and Danny Moses. Yes, there, my dear friends.

0:06.1

Today we'll be talking about the transitory tantrum. That was coined by Dan Nathan. Mimi Stox, Mamy Stox Mania, meme stocks mania.

0:15.0

I don't know what that means. Danny's going to rip off the tape on ESG investing and later we'll be going off the tape in an interview with

0:22.2

our friend, Meltem DeMers, the chief strategy officer of coin shares. Stay tuned. We've got a

0:29.6

great show for you today. So many things caught my eye this past week. On the top of my list,

0:37.2

their gang, was Morgan Stanley's

0:39.1

CEO James Gorman. Seemingly out of nowhere this week. He said, you know what? I know our

0:44.3

economists here at Morgan Stanley don't think so. This is my opinion. But I happen to think we're

0:49.6

going to see a Fed taper towards the end of this year. And we're going to see them raise interest rates in the

0:55.6

beginning of next year. Oh, where'd that come from there, J.G? I'm fascinated as to your thinking.

1:01.5

You clearly have been listening to on the tape or watching CNBC. Pass money because I'm in your camp.

1:06.5

But my question to you, Danny Moses, is why would he seemingly out of nowhere come out and make a

1:11.2

comment like that? What is he seeing that the rest of the world is not seeing? And what is he trying

1:15.8

to get ahead of? High rates are good for the banks in general. So that would be a positive for his

1:20.3

stock, obviously. Sounds like he'll be leaving the company. So he has nothing to really lose

1:24.8

at this point by making that comment. And I'm sure he sees things in his business in the lending area and the growth area,

1:30.3

the consumer growth and credit and things like that that they're seeing.

1:33.4

So I don't know.

1:34.7

He's seeing what you and I are seeing guy.

1:36.1

And I guess Dan doesn't see it that way.

1:37.7

But I'm more interested in Yellen's comments, actually, she made Washington about that we need to be spending more money. And at the same time,

1:46.1

when she said we need to be spending more money fiscally, she actually said that she expects

...

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