Small Caps Hold the Key and a Conversation with Astera Capital's Kenny Chung

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 8 January 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of On The Tape, Dan Nathan and Liz Young discuss stock market volatility, jobs, the energy sector and big banks kicking off earnings season. Later, Dan and Guy Adami sit down with Kenny Chung of Astera Capital Partners for a conversation about China’s credit market. Key Insights from the Pod: Stock market volatility to start the year (3:00) Broadening of the market rally/Small Caps (6:20) The December Jobs Report (11:45) Political uncertainty/2024 election year (14:45) Crude oil (19:25) Refilling the U.S. Strategic Petroleum Reserve Puts a Soft Floor Under Prices Energy stocks (23:45) Earnings kicking off with big banks (27:00) Kenny Chung’s background (35:00) The China credit bubble (38:40) China’s economy & stock market (42:00) Opportunities in Asia (48:15) Volatility in yields (50:45) China-Taiwan tensions (53:45) Conflict with consumer products (55:30) — About the Show: On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. — Check out our show notes here See what adding futures can do for you at cmegroup.com/onthetape. — Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod on Twitter or @riskreversalmedia on Threads — We’re on social: Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Transcript

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0:00.0	Welcome to On the Tape. I'm Dan Nathan, joined by Liz Young. Guy Adami is in parts unknown. He's actually doing something that nobody really wants to do, but doing his civic duty this morning. He will be back to us later this week. Liz, welcome back to the pod.
0:15.5	Hey, happy Monday. Packers Big W this weekend. I was going to say your PAC is back. They're back in the playoffs.
0:22.2	You must be excited about that.
0:23.5	But their former coach is hosting them down in the Big D.
0:26.4	That is going to be a tough one this coming weekend.
0:28.2	We'll see.
0:28.5	That was a good, good, good run for you guys.
0:30.6	Six and two in the last eight games of the season.
0:32.7	Hey, is that over yet?
0:33.5	Stop talking like it's over yet. Well, there you go. I mean, listen, this Dallas team has been known to let their guard down, but I don't think
0:39.1	Dak is going to do that.
0:40.1	He is on an MVP sort of run here himself.
0:43.6	But little housekeeping really quickly after Liz and I go through everything going on this week,
0:48.4	which actually the week is capped by bank earnings.
0:50.8	We're going to have plenty to say about that. We're going to talk a little bit about what's going on in the oil patch. Some interesting news out of the Red Sea causing a couple
0:58.4	things to slip. One of those would be shipping rates. The other would be crude oil, and that has
1:03.2	to do more with Saudi price cuts. But Guy and I had a great conversation late last week with
1:08.5	Kenny Chung. He's the executive director and portfolio
1:11.0	manager in Hong Kong of the Estera Capital Fund. And we talk about a whole host of things going
1:16.7	on with China, the private credit markets, what's brewing, I guess, in their property markets.
1:21.6	We talk about some of the geopolitical issues over there and really just the state of the Chinese
1:25.9	economy. So stick around for that.
	...

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