The Scent of Recession with Liz Young + What Are We Doing with Vincent Daniel and Porter Collins

RiskReversal Pod

RiskReversal Media

News, Investing, Business, Business News

4.6 • 757 Ratings

🗓️ 27 November 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of “On The Tape,” Guy Adami, Liz Young, and Dan Nathan discuss the disconnect between the stock market and the economy (4:00), holiday spending (12:15), investors hungry for risk (15:30), market concentration (17:30), and upcoming earnings/economic data this week (23:30). Later, Danny Moses hosts a special “What Are We Doing?” with Vincent Daniel and Porter Collins of Seawolf Capital. They discuss the state of the market as they see it today (32:00), the precious metals market (37:30), current investor/machine mentality (39:00), market concentration in for hedge funds (40:30), stock picking with small and mid-cap names (42:30), the energy landscape (46:00), Tesla still not trading on fundamentals (48:45), and banks getting into “private credit” (52:15). Articles mentioned on this podcast The economic trends we’re grateful for Investors See Interest-Rate Cuts Coming Soon, Recession or Not Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year — 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 Learn more about Ro body: ro.co/tape 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

Transcript

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0:00.0	Welcome to the Monday edition of On the Tape. I'm Dan Nathan, joined by Guy Adami and Liz Young. That would be EY from SoFi. We have a big show here today. Our A block, as we call it in the business, going to be the three of us talking about a whole host of things going on this week. Lots of earnings, a lot of data. We got a lot going on to interpret what happened with holiday sales
0:21.1	on Black Friday and guys' favorite Monday of the year, Cyber Monday. Love Cyber Monday. That's today, right?
0:27.2	That is today, Guy. I know that you've been busy all morning checking all your emails and seeing
0:31.4	all the deals, but we also have a very special drop of what are we doing. That would be Danny
0:36.8	Moses, Vincent Daniel, and Porter Collins
0:39.3	of Seawolf Capital. And the guys get back together here and they're talking a little bit about
0:43.4	their market outlook for the moment, how they're thinking about things into the new year.
0:47.1	Some themes and energy, they've been bulls on the energy complex, precious metals. Guy,
0:51.9	you're going to want to stick around for that. Obviously, there's a little Tesla talk. They're also talking about market structure and the like there.
0:57.0	So a great conversation. Stick around for that. Okay, guys, any epiphanies. I always find Thanksgiving
1:02.7	interesting. My family in particular, we go upstate. My family comes back from all over the country.
1:08.3	The stuff that we talk about, some of the things we take away.
1:15.2	I'm sure, Liz, your folks are asking what it's like in the big city, that sort of thing.
1:19.7	Guy, people want to know what's happened to your giants, what happened to the Yankees this year,
1:28.7	maybe a few other things from Nostradami here. Any big epiphanies, Liz, that you want to, you know, impart on us from the holiday week. Look, I, so I wasn't in Wisconsin this year. I don't know what the vibe was there. However, I do feel like I'm getting
1:34.3	questions earlier about what I want for Christmas. And I've had to tell them what I want. So I do
1:39.3	think people are ahead of it on the holiday shopping spree. And I was in the city. I was in New York City for the
1:45.4	most of the weekend out and about on Saturday, not on Black Friday, but out and about on
1:48.8	Saturday. I felt like it was quieter than I expected it to be. Even at dinner, people were
1:53.4	around and maybe just people were out of town home for the holiday. But I felt like the shopping
1:58.2	crowd was quieter. And I'll let you know after this coming weekend, I'm going to do that whole like
2:02.1	Rockefeller Center thing.
	...

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