The Thrill is Gone and a Conversation with Ed Yardeni

RiskReversal Pod

RiskReversal Media

Business News, Business, Investing, News

4.6 • 757 Ratings

🗓️ 29 September 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of On The Tape, Dan, Guy and Danny discuss rising rates (2:00), de ja vu to 2021 (3:15), the energy market (11:10), the China threat(14:20), Q3 earnings (19:45), CarMax (23:00), Ryan Cohen/meme stocks (26:25), and Danny’s NFL picks (29:15). Later, Guy and Dan are joined by Ed Yardeni of Yardeni Research to discuss his street cred as a top Wall Street strategist/economist (33:30), the Fed creating chaos in the bond market (38:20), why the Fed might get it right (45:30), the rolling recession (47:20), the consumer (49:00), the yield curve (53:50), his market outlook (57:00), Japan (1:00:35), and Ed’s offering for retail investors (1:03:00). 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 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. 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	Are either one of you a fan of the blues? Dan, Nathan, I'll start with you.
0:06.6	You know I am. B.B. King, the thrill is gone. I actually saw him live on many occasions in the 90s.
0:12.5	The Blue Note here in New York. I saw him at the Hammersmith, at the Odeon Hammersmith in London back in 2000.
0:18.2	You got to go deep. I think he's looking for a Robert Johnson crossroads.
0:21.5	It's interesting. Now, we don't rehearse, as you could probably tell. By the way, this is
0:25.3	the On the Tape podcast. I'm Guy Adami. That was Dan Nathan. Danny Moses chiming in on going deep.
0:31.1	Just a few minutes, Dan and I are going to speak to Ed Yardini of Yardini Research. Dan, as I will
0:36.7	mention, he's on the Mount Rushmore of all things,
0:40.0	economists and strategists and all those types of fun things. Love Ed Yardinney. It's a great
0:45.3	conversation. But Dan, Nathan, spot on. In my head, you reside rent-free, as Chris Christie said
0:51.7	about Donald Trump. The thrill is gone. B.B. King. Yes,
0:56.7	because Danny Moses, right now, in my opinion, the thrill is gone in terms of this market.
1:03.4	All the things that Danny Moses have been talking about, all the things that Dan Nathan has been
1:07.6	waxing poetic about are seemingly coming to fruition right before
1:11.5	our very eyes. And in homage to the great BB King, the thrill is gone.
1:16.5	It's also crossroads, Robert Johnson, right? Sold his soul to get where we are. Apparently,
1:20.6	that's what they say. Yes, yes. So a lot of great music came from that. But yeah, listen,
1:25.9	watching this market, the most surprising
1:27.6	thing to me is 10-year yields. And we've talked about the leverage in the system, the potential
1:33.4	ability of the brokers potentially turn down that leverage with some of their clients,
1:38.2	was an article in the FT about that specifically is how much leverage is out there and fixed
1:42.6	income. But it's not just U.S. rates anymore.
	...

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