Selloff, SPACs, Symphonies and Schopenhauer; Interview with Paul Rabil
RiskReversal Pod
RiskReversal Media
4.7 • 836 Ratings
🗓️ 12 March 2021
⏱️ 66 minutes
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| 0:00.0 | Hey everyone, welcome back to On the Tape. I'm Guy Adami, joined always by my dear friends |
| 0:11.7 | Dan Nathan and Danny Moses. Listen, today we'll be talking about the tech rebounds, SPACs, |
| 0:16.9 | crypto, some beamy guy just sold something for $69 million. I mean, the world is going crazy. |
| 0:24.3 | And later we're going to be going off the tape in an interview with the founder of the premier |
| 0:28.5 | lacrosse league, the great, the studly, Paul Rabel. But I got some things on my mind I got |
| 0:35.0 | to talk about. First of all, just so all you folks know, |
| 0:40.7 | Georgetown University has now won two games in the Big East tournament for the first time, I think, in a decade, |
| 0:43.0 | knocking off the top-ranked Villanova Wildcat. |
| 0:46.2 | So I find myself in an extraordinarily good mood. |
| 0:49.1 | It's also beautiful outside. |
| 0:50.6 | So I'm two for Tuesday, as they say. |
| 0:52.8 | But on the third point, I'm a little exercised. And this market |
| 0:56.8 | has got me scratching my head. Earlier this week, we heard from David Tepper. And he basically |
| 1:02.4 | assuaged some of the concerns of investors and traders by saying, look, he didn't think interest rates |
| 1:08.4 | were going to go much higher. He thought equities were still |
| 1:11.2 | interesting at these levels, if not very viable. And the market, I think, took his cues from him. |
| 1:16.8 | Ten-year yields have backed off a bit, went from 165 at one point last week, down to this one and a half |
| 1:22.5 | level or so. Personally, I think this is just a resting spot. I think we're headed for 2%. I think we're headed for 2% sometime earlier this summer. I don't think the market's going to like it all that much. A lot of people think it doesn't really matter because that speaks to economic productivity and economic growth and all those great things. But I will say to you, Dan, Nathan, what's good for the economy in this |
| 1:45.9 | situation, I don't think is going to be all that good for the stock market. All right. So, Guy, |
| 1:50.3 | I'm going to come back at you and say it's different this time. In the last year, we have had |
| 1:55.0 | $5 trillion thrown at our economy, $5 trillion. |
| 2:03.6 | And when you look at the state of corporate balance sheets, |
... |
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