The Silence of The Bears & Tokenizing Venture With Rob Frasca

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 6 March 2023

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan, Guy Adami and Liz Young are previewing this week in the markets. Mike Wilson is calling for a S&P 500 tactical move to 4150 (2:00). Targets for economic growth in China is weaker than expected, that’s having an impact on commodities (7:00).The Honorable Fed Chair Powell speaks in front of Congress this week, inflation isn’t dead yet! (13:00). What’s next for financial stocks as the yield curve gets more inverted (27:00)? Rob Frasca is a serial entrepreneur, internet pioneer, former Navy pilot and frequent speaker on blockchain and cryptocurrencies. Rob has been a staple in financial technologies dating back to the early 1990s when he created the Internet’s first stock quote and portfolio management service, GALT Technologies which was sold to Intuit in 1997. Since then, Rob has brought 3 venture-backed startups to successful exits. Rob now serves as Co-Founder and Managing Partner of Cosimo Ventures, which offers the world’s first tokenized, evergreen venture capital fund - COSIMO X and the managed-staking solution for digital investors - COSIMO Y. The funds provide investors with early access to high-growth potential blockchain projects and top-tier proof of stake cryptocurrencies, respectively. Rob Frasca details his journey in the 90’s tech boom and as an early internet entrepreneur (33:00). How did Rob find himself at the forefront of blockchain technology (43:00)? Rob is thinking “exponentially” about the future of blockchain and proof of stake (47:00). Rob breaks down the future of tokenization and tokenized assets and how it relates to COSIMO’s tokenized venture funds (53:00). Can we start trusting blockchain companies again (59:00)? 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 and transcript 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. We’re on social: Follow Dan Nathan @RiskReversal on Twitter 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. I am joined as always with Guy Christopher Adami. That's what the C stands for and the Guy C Adami. And of course, EY from SoFi. That'd be Liz Young from SoFi. She is the head strategist over there. She is our Monday co-host of On the Tape. Also, guys, when we get through a bunch of
0:21.9	stuff that we are focused on for the week, some of the biggest calls early this week,
0:26.4	Guy and I go off the tape with Rob Frasca. He is the CEO founder of Cosmo Ventures. This is a
0:32.9	blockchain focused fund, but the guy is a total stud early internet entrepreneur former navy pilot
0:39.7	and now doing a lot of interesting things in and around blockchain and investing in companies
0:43.9	that are focused on blockchain he thinks this is about as early as it was in the 90s for the
0:49.1	internet so stick around for that conversation all right peeps how What up? No, I wish the people at home could
0:55.6	see what's going on right now. Dan is sporting a San Diego Padres cap. It happened to look good
1:01.3	on you. And EY has got some like coffee hat that looks about four sizes too big, which is fantastic.
1:10.3	I just went for a run.
1:12.0	And you don't want to see what's happening under this hat.
1:14.0	That's why I still have it on.
1:15.4	I don't even know what the name of the coffee shop is,
1:17.2	but I know that it's in Huntington Beach, California.
1:19.4	I made the comment earlier, Dan,
1:21.0	that EY looks like Clarice Starling during her run early on in Silence of the Lambs.
1:25.8	But that's neither here nor there because we have
1:27.7	some markets to talk about, Dan. Yeah, we do. It's more like Silence of the Bears here, guy. I mean,
1:32.4	when you think about Mike Wilson, friend of ours, friend of the pod, he is the head strategist
1:36.7	CIO over at Morgan Stanley. He was one of the early bears in 2021 on the broad market. He kind of stuck to his guns most of last year. I think it was
1:46.3	mid-October. We've talked about it a bunch. He came on our pod right before he did it. He went
1:50.2	bullish tactically. He was calling for like a 15 to 20 percent rally off the October lows at
	...

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