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On The Tape

The Other Side of Growth

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 12 August 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

Dan Nathan, Guy Adami, and Liz Young Thomas discuss the recent market volatility and the economic outlook for the week ahead. They examine last week's market moves, the performance of the S&P 500, and the 10-year Treasury yield. The team highlights key economic data releases, including the PPI and CPI, and their potential impact on rate cuts and market volatility. They also delve into consumer sentiment, corporate earnings from major retailers like Walmart and Home Depot, and the broader implications of earnings from the 'Mag Seven' tech stocks. The discussion extends to the unemployment rate, the likelihood of a recession, and the potential for more activist investor activity in struggling companies. They conclude with their expectations for small caps and inflation data, setting the stage for the upcoming Jackson Hole symposium. Show Notes Checkout last week's podcast with Dennis Slok on economic growth 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

Welcome to the Monday edition of the On the Tate podcast.

0:04.2

I'm Dan Nathan, joined by Guy Adami and Sofives head strategist.

0:09.1

That would be Liz Young Thomas.

0:11.8

Welcome.

0:11.9

Hello.

0:12.7

A lot to go over this week.

0:14.7

What a week it was last week.

0:16.6

Monday morning, I think, when we were doing the pod, it was all out panic.

0:20.7

And if you look at the

0:21.5

S&P week over week, we are just flat from Friday's closed. The 10-year treasury is also flat.

0:27.3

So there was a lot going on there. Maybe we'll dig into that real quickly. Guy, maybe we're

0:31.3

going to hit this Dennis DeBuscher comments. He is of 22V. You and Danny sat down with him, and that dropped on the tape podcast feed on Friday.

0:39.7

I thought it was a great interview.

0:40.7

We got a lot of economic data this week.

0:43.4

We have PPI on Tuesday.

0:44.9

CPI on Wednesday.

0:46.9

We'll see what that data shows and how that might impact expected rate cuts in the fall.

0:51.9

Some data on growth as it relates to oil refineries here in the

0:55.6

U.S. and then some earnings. We have some retailers, Home Depot, Walmart, Cisco, and A-MAT. Liz,

1:01.3

you'd spend some time this weekend probably going through all the rags from Barrens to Bloomberg to

1:06.3

CNBC.com, all that sort of stuff. What do you think the takeaway was for last week? We started with fear of

1:12.4

Japan bringing down the global markets and the global economy. But the Monday morning opening in

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