The Cycle Is Coming with Helima Croft

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 3 July 2024

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy Adami is off for the week so it's just Dan Nathan and Danny Moses left to delve into the latest market trends. After the break, the guys are joined by Helima Croft, Managing Director and Global Head of Commodity Strategy at RBC Capital Markets, who shares her expertise on commodity market volatility, OPEC negotiations, and global factors influencing oil prices. The discussion also covers Federal Reserve Chair Powell’s comments on inflation, bank earnings, and the effects of Middle Eastern geopolitical tensions on the energy sector. The episode explores intricate dynamics involving Iran and Russia, potential changes in U.S. administration policies, and the ramifications for energy stocks and major tech and retail companies amid current economic conditions. Timecodes 00:00 - Welcome to On the Tape Podcast 01:30 - Market Volatility and Fed Chair Powell's Speech 02:18 - Analyzing the Upcoming Jobs Report 05:55 - Bank Earnings and Market Sentiment 10:40 - Tech Stocks and AI Developments 18:20 - Retail Giants: Walmart and Costco 23:03 - Apple's AI Ambitions and Market Position 29:25 - Tesla's Q2 Deliveries and Market Reaction 36:00 Helima Joins The Pod 42:25 - Oil Market Dynamics and Geopolitical Factors 50:32 - US Energy Policy and Global Implications 56:33 - Iran and Middle East Tensions 01:08:00 - Russia's Energy Strategy Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe — 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	All right, welcome to On the Tate Podcast. I'm Dan Nathan, joined by Danny Moses. Guy is off this week, a well-needed vacation. Danny, what's up?
0:10.8	What's up, my man? Great to be here. It's great to be in the studio here. We got a lot of stuff to go over. But first, I got to tease this, a conversation that you and I had with Halima Croft. She's a managing
0:21.3	director and global head of commodity strategy at RBC Capital Markets. Her return to the on-the-tape
0:28.2	podcast. Hold on. You worked at the CIA. Yeah. She was involved in OPEC negotiations,
0:33.0	flies all over the world. The insights she gave us were unbelievable. People need to stick around
0:37.2	with that, honestly. Well, especially when we talk about the volatility that we've seen
0:40.4	in commodities other than, you know, currencies, it seems like some of the only volatility we've
0:45.0	seen. It has not seeped its way into the broad S&P 500. It definitely has in some of these energy
0:50.4	stocks. So we talk about that with her. And we go through a lot of this geopolitical stuff.
0:55.0	So, you know, stuff that we're not exactly equipped to do. Danny, we got a lot of stuff to
0:58.7	talk about some plenty of stuff on the single stock front. We're recording this Tuesday afternoon.
1:03.4	You're probably listening this on a Wednesday, maybe Thursday, which is the holiday.
1:07.7	I'm sure it's the first thing people are going to when yeah. Why not? Well, I mean, listen, you know what? I think about this. I listen to podcast like when I'm walking the dog, when I'm in the car. morning on Tuesday. We have the non-farm payrolls for June on Friday. There's a bunch of other data
1:29.3	out there that, I don't know, man, it's kind of hard, you know, this narrative about a weakening
1:33.9	consumer. Last week, we had consumer confidence data that was kind of better than expected here. So a lot of
1:39.2	cross currents. Right. Yeah, you know, let's talk about what you thought about Fed Chair Powell and what he had to say today.
1:45.8	So he's speaking in Portugal, gathering of central bank.
1:49.0	Yeah.
1:49.4	Governance.
1:49.7	I think Sarah Eisen was there interviewing him, I believe.
1:52.0	And he basically said they've made, quote, quite a bit of progress on inflation.
1:55.5	Yeah.
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