Stocks Atone for Higher Rates with Liz Young and Lee Robinson of Altana Wealth

RiskReversal Pod

RiskReversal Media

Business News, News, Investing, Business

4.7 • 836 Ratings

🗓️ 25 September 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy, Dan and Liz Young of SoFi discuss the looming government shutdown (1:45), the S&P technicals (5:45), Credit card losses rising at the fastest pace since the Great Financial Crisis (6:30), Stocks Flash Recession Warning as Trouble Spreads to Industrials (10:55), small caps/large cap banks (13:25), Liz’s bright spot in the market (16:15), earnings this week (Micron, Nike, Costco) (18:40), and Dan atones for his market sins (Tesla/Nvidia) (23:00). Later, Lee Robinson of Altana Wealth joins to discuss his company and middle market hedge funds (24:00), the 4 pillars of investing at Altana (30:30), finding asymmetric investments in the market (33:30), exiting positions (36:50), the current macro environment/2024 outlook (39:15), Fannie and Freddie preferred shares (40:45), asset allocation in a portfolio (44:30), bitcoin (47:00), rates (50:55), and what could go wrong next (53:15). To learn more about Altana Wealth email stephen.martus@altanawealth.com 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 Learn more about Ro body: ro.co/tape See what adding futures can do for you at cmegroup.com/onthetape. Email us at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod, and follow us @OnTheTapePod. Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Happy Monday, people.
0:05.1	Welcome to On the Tape.
0:06.2	I am Dan Nathan, joined by Guy Adami.
0:08.5	And as always, Liz Young, that's EY from SoFi.
0:11.3	She is the head market strategist.
0:14.0	Welcome, people.
0:15.6	She's more than that.
0:16.8	Can I tell you something?
0:17.6	That's one of her titles, but she is so much more.
0:20.0	Hello, Dan.
0:20.9	Hello, Liz. You are beaming today because your Green Bay Packers just did the unthinkable on their own opener last night. Good for you.
0:28.9	They did. They did. Sloppy first half, got it together at halftime and 18 unanswered points to beat the Saints at home. Thank God for that.
0:37.1	Pretty amazing. We got a big show. We're going to rip through some stuff here.
0:40.2	Guy and I had a great conversation with Lee Robinson. He's the founder and chief investment officer at Altana.
0:45.5	Wealth. Guy, I think you and I both really enjoyed that conversation.
0:49.6	Lee has a really long career finding asymmetric opportunities in the markets.
0:55.1	We went through some of the ones in the past, some of the ones that he's focused on now, how he managed his risk in this
0:59.6	sort of environment. He gave us his macro outlook. That was fabulous. But again, like I said,
1:05.0	today, we got a lot going on. There's some big earnings in the market this week. There's some big
1:08.3	deadlines. We're going to talk a little bit about possibly this looming government shutdown. And also, it is Yom Kippur. My people atone for their
1:17.1	sins today. And I thought that maybe we could all atone for a market sin that we inflicted really
1:23.2	probably on ourselves in 2023. I know I have a couple of them. So we'll get into all that here.
	...

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