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RiskReversal Pod

"The Market Will Never Go Down Again"

RiskReversal Pod

RiskReversal Media

Business News, Business, Investing, News

4.7836 Ratings

🗓️ 20 April 2026

⏱️ 39 minutes

🧾️ Download transcript

Summary

Dan Nathan and Guy Adami discuss an unusually persistent market rally, with a “sea of green” pushing the S&P 500 to new highs as crude oil reverses lower on signs the Strait of Hormuz remains open during a ceasefire. They debate whether investors are conditioned to buy dips even if Middle East tensions flare again, noting VIX levels and an overbought setup heading into the heart of earnings. They flag Netflix down 10% despite solid free cash flow, attributing the drop to guidance and Reed Hastings leaving the board, and call out Intel’s near-parabolic move ahead of a pivotal print. They also examine software’s potential inflection (including SAP), strong bank CEO tone on the consumer, energy-stock pullbacks as buying opportunities, homebuilders surging on lower yields, and key upcoming guests and shows. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

Transcript

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0:00.0

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0:35.4

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0:43.3

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0:48.3

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0:59.9

Welcome to the Monday edition of the Risk Reversal Podcast.

1:06.9

I am Dan Nathan. That is Guy Adami. Hi, Guy. I am Guy Adami. How are you, Dan? It's an extraordinary series of events here in the marketplace. Yeah, it is. We are recording this Friday, about an hour after the open guy. I'm looking at my fax set screen, my main fact set screen, and I see a sea of green. And this reminds me, you and I talk every morning first, I don't know, first thing we probably do. Not the first thing, but, you know, a couple things into it.

1:28.5

We've already, you know, read a lot about the markets. We're looking at things are going in the futures and the pre-market, that sort of thing. And what did you say to me? What did you say to me after a week? Have we been up every day for like the last six days or something like that, seven days? like one of the longest winning streaks, I think, in a very long time.

1:46.4

We had that period of time carter if you recall on a market

1:49.9

call brought forth the fact that we had been down for five straight weeks and that the week that

1:56.0

we were in the midst of was the first up week and then he sort of got some data to sort of support what he thought

2:01.5

was going to happen but we have not seen I feel like we haven't seen the down tick in this market

2:06.5

now to your point for about eight straight trading days yeah and it reminds me what did you say

2:11.3

though you said the market will never go down again will never go down again now I mean it's

2:15.2

it's abundantly clear yeah so that So that is a story from 1999,

2:19.5

maybe some long-term listeners might recall this. We haven't done it in a while, but this is kind of a

2:24.6

deep cut. So in 1999, on the trading desk, I was in, it was a hedge fund and we were, you know,

2:29.2

short-term sort of momentum traders, but we started hiring folks that had longer-term views, whether they be analysts

...

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