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RiskReversal Pod

The Wrath of Powell - Buried Alive with Vincent Daniel and Porter Collins

RiskReversal Pod

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 17 June 2022

⏱️ 71 minutes

🧾️ Download transcript

Summary

Guy, Dan and Danny are joined by Danny’s “The Big Short” colleagues Vincent Daniel and Porter Collins to discuss Fed losing control (4:02), Guy nailing his S&P 500 price target (17:08), the writing on the wall for Tesla (19:44), the next move for energy stocks (25:40), why crypto could be one of the biggest bubbles we’ve ever seen (31:54), what investors should do now (39:30). Later, they take listener questions (48:39). ---- 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 us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

Click on a timestamp to play from that location

0:00.0

There's a word called Kismet.

0:03.5

Not quite sure what it means, but what I think it means is sometimes the stars align.

0:08.7

And Dan and Danny, as you know, we book our guests months in advance.

0:13.3

And months ago, we asked Vinny and Porter to come visit us here to do the podcast.

0:19.5

Now, it just so coincides with all the things that both of

0:24.0

those guys, as well as Danny Moses, have been talking about ad nauseum. It's sort of the

0:29.4

culmination of all these things. So it's amazing that they're with us today. I'll say this,

0:35.4

allow me this indulgence, and then we will open it up to the floor.

0:39.2

HBO had a wonderful mini-series a few years ago. The name of it was Chernobyl. I encourage you

0:45.1

all to watch it. Black and white, wonderfully done. And it was a six-part series. And the final episode

0:51.8

took place in the control room of the nuclear reactor at Chernobyl.

0:56.8

They were running a test after midnight that night. And there was one guy in charge.

1:01.4

Clearly, he was the one making decisions, but he had minions around him. And in order to do that

1:07.2

test, they needed to shut down the reactor. So they shut it down. They ran their test.

1:13.1

And then they decided that he needed to take the reactor. They needed to bring it back up.

1:18.4

So one by one, this gentleman in charge asked the minions to take out control rods. And one by one,

1:26.2

they took out the control rods waiting to get a reaction.

1:30.3

They weren't relying upon their eyes, what they saw, what they knew, their experience.

1:35.8

They were just relying upon and watching one certain thing. And the reaction wasn't happening.

1:41.3

One by one, the control rods come out until guess what? They took out

1:45.8

every control rod, much to the chagrin of a lot of those people, but they did it anyway.

1:51.5

What wound up happening? Well, guess what? They actually got the reaction they were looking for,

...

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