The Most Important Week of the Year for Stocks

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 10 June 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of “On The Tape,” Guy Adami and Liz Young Thomas of SoFi discuss volatility to start June (3:00), the Fed meeting & economic data (7:00), stocks going haywire under the market surface (12:00), market leadership (21:00), Apple’s WWDC event (26:30), why Liz says this is the most important week of the year for stocks (30:00), trimming your position (31:30), and what Guy is watching this week (32:30). 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	A warm welcome to the On the Tape podcast, Guy Adami, joined by Get Ready for this one.
0:07.9	Elizabeth Young Thomas, EYT.
0:10.7	So I'm going to have obviously some issues going forward, but I will figure it out.
0:14.4	Now, before we even start, Saturday, my wife and I were an amazing event.
0:19.9	We got there late.
0:22.7	That's on me. But the event was spectacular, and it was your wedding. And I will tell you once again, heartfelt congratulations,
0:28.4	Elizabeth. It was a beautiful night. The only thing more beautiful than the evening was you.
0:33.0	Oh, thank you very much. Yeah, the weather gods shine down on us. It was a perfect evening.
0:39.0	Anybody listening to this will understand the temperature was great. The women weren't cold. The men weren't hot. Everything worked out exactly as it showed. The pictures are amazing. And we couldn't have asked for more. So thank you for being there.
0:50.8	It was wonderful. And when you say the men were not hot, you're speaking in terms
0:54.9	of temperature. Temperature. Heat hot. Because there were so there's a good looking men there,
0:59.5	just saying. Obviously, you're betrothed leading the way. With that said, here you are with us on
1:05.7	this Monday. And you're going on your honeymoon next week. So thanks for doing this. But last week was
1:10.7	an interesting week for a myriad of different reasons. And for me, the one that stands out is once
1:15.0	again, the volatility in the bond market. We saw yields cascade lower earlier in the week, only
1:21.0	then to see a pretty significant rise late in the week. And that's the trajectory that I think
1:26.6	yields will continue to go on.
1:28.5	However, it has not been a straight line. But that moved back up in 10-year yields with now the
1:34.4	two-year yield pushing towards, again, 4.9 percent, probably back on its way to five, is interesting,
1:41.0	especially in the context of what we have this week, which we'll talk about in a second. So just thoughts upon that, look back to last week. Well, a lot of it had to do with
1:49.4	the jobs data. And the jobs data, I would say that was one of the more confusing reports that we've
1:54.6	gotten. So we had an unemployment rate that rose. We finally got the forehandle. The unemployment rate
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