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RiskReversal Pod

Run for the Rosie with David Rosenberg of Rosenberg Research

RiskReversal Pod

RiskReversal Media

Business News, News, Investing, Business

4.7836 Ratings

🗓️ 6 May 2022

⏱️ 65 minutes

🧾️ Download transcript

Summary

Guy, Dan and Danny discuss scary price action in the stock market (3:00), Elon Musk and Twitter (20:04), single stocks crashing from their highs (25:00), and Danny’s Kentucky Derby picks (30:13). The co-hosts interview David Rosenberg of Rosenberg Research and talk about this week’s Fed meeting (37:37), inflationary shocks (44:57), what happens next if we enter a recession (50:41), what to buy in this environment (57:59), and what it would take to make David bullish (1:06:23). ---- 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. 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

Click on a timestamp to play from that location

0:00.0

I am neither French, nor have I been or will ever be part of a revolution.

0:07.2

However, it was in 1859 that Charles Dickens wrote A Tale of Two Cities.

0:13.2

And I got to tell you something, it's Thursday as we're speaking.

0:17.1

Yesterday it was the best of times.

0:19.1

Well, in fact, today it is the worst of times.

0:23.0

Dan, Nathan, Danny Moses.

0:24.3

How are you guys today?

0:25.1

Dan, how are you?

0:26.1

I'm doing okay.

0:26.9

Just a little programming note here.

0:28.9

I have the vid for the second time in five months here.

0:31.8

So I'm hiding out, guys.

0:33.2

I'm locked down again.

0:35.6

Just to keep the French name going, part de. I thought you're going to go with

0:38.9

Pepe Lepeau as far as the market when you're going, not a tale of two cities, but certainly a tale of two

0:43.9

days, that's for sure. Well, it's certainly Pepey Lapew. And I got to tell you something, on fast money

0:48.4

Tuesday night, Mel asked me what I thought would happen in terms of Fed on Wednesday. I said, look, I can't believe,

1:00.1

Danny, they could be much more hawkish than they've been. So by that logic, I thought that we'd see a relief rally in the market. And I said, I thought when the market closed that day, I think

1:03.6

at 4, 170-ish, I thought we'd get up to 4,250. We actually got the $4,300, and I thought that would be it. Well, that proved to be somewhat

1:11.8

prescient. I mean, I'm wrong all the time, but that one worked out. And here we are on this Thursday,

1:17.0

obviously giving it all back and then some, but you said something, I want to say now was a month,

1:22.3

month and a half ago. Time sort of stand still for me, and I lose track of it. But you said you went from being bearish to being

...

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