The Mama’s And The Papa Powell + What’s Next For Crypto with Chris Rhine

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 29 July 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy Adami and Liz Young discuss consumer behavior amid inflation, and specific company performances like McDonald's recent struggles. Additionally, predictions about the Federal Reserve's interest rate movements and the implications of recent economic data, including jobs and inflation, are discussed. Guy Adami and Kaitlin Malin of iConnections speak with Chris Rhine, of Galaxy Digital. Chris shares his career journey, beginning at BlackRock and transitioning through roles at Cohen & Steers before joining Galaxy Digital. They discuss the latest trends in the crypto market, including the impact of crypto ETFs, regulatory developments, and the differences in performance between large-cap and smaller, more speculative coins. Chris highlights the increased accessibility of crypto investments through brokerage accounts, the easing regulatory landscape, and the ongoing legal battles involving the SEC. They also delve into the geopolitical and technological factors influencing crypto adoption and the significant role of institutional investors. 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 Thomas @LizThomasStrat 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	A warm welcome to the On the Tape podcast, Guy Adami. I'm joined by Elizabeth Young Thomas. That would be EYT.
0:09.2	Elizabeth, how are you? I am great. How are you? I like Mondays. I'm great. I feel as if the Yankees have turned the corner.
0:17.0	It is Monday and we're actually to get into that. But, you know, stick around on the backside of this because Caitlin Malin and I, of course, Caitlin is the C-O-O of I connections.
0:27.3	We chatted with Chris Rhine, head of Liquid Active Strategies at Galaxy to talk about all things
0:33.8	crypto, which is timely given the fact that Bitcoin is either side of 70,000 once again.
0:40.2	So that's going to be a good conversation. Stick around for that. And you mentioned Monday,
0:43.6	of course, the great Mamas and the Pappas. I know you're a fan of the Mamas and the Pappas.
0:48.4	Michelle Phillips, of course, Cass Elliott, Elliot, of course, Mama Cass Elliott, John Phillips and Denny Doherty, they were the four
0:55.0	members of the Mamas and the Pappas, and they sang a song Monday, Monday, so good to me.
1:01.2	Monday, it was all I hoped it would be.
1:03.4	Is today everything you hoped it would be, E.Y.
1:06.7	Well, it's still early.
1:08.0	It's early, so I'm not sure, but I was singing that song. And I don't know that I would say I'm a fan, but you were shocked that I interesting week in the markets. I think this week will
1:27.8	be as well. I think we have 32% of the S&P reporting that, of course, if they're 500 companies,
1:33.8	I can do that, math, 160 companies. Microsoft, to me, sticks out. You got Facebook, Qualcomm,
1:40.1	Apple on Thursday. So a couple energy stocks on Friday. We're not going to get that granular.
1:45.1	But just speak to what you perceive to be the importance of this week, given the fact that,
1:49.8	look, despite the little sell-off we've seen, the market is hung in there extraordinarily
1:53.7	well against the backdrop of things that seemingly could provide some headwinds.
1:58.7	So first of all, you mentioned some big tech names.
2:01.6	This is still a quarter where the Meg 7 is expected to contribute about 60% of S&P earnings.
2:07.9	So that's a big chunk, which anybody who's listening, that is why we are still hanging on
	...

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