These Aren’t the Shorts You Are Looking for with Luke Gromen of FFTT

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 9 February 2024

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of “On The Tape,” Guy Adami, Dan Nathan and Danny Moses discuss the broken market structure, opportunities in the market, China and more! Later, Danny and Guy sit down with Luke Gromen, founder of Forest from the Trees, for his macro view and bullish stock market outlook. Topics: David Einhorn: The Markets Are Fundamentally Broken ARM Rallies 60% on Earnings Dividend Stocks Huge Stock Moves (‘Sell Nvidia’) China’s Deflationary Spiral Why Americans Are So Down on a Strong Economy Commercial Real Estate Complacency Sports Betting Stocks & Super Bowl Picks Intro Luke Gromen Why He Turned Bullish Luke’s “North Star” The Bear Case For Stocks The U.S. Dollar Real Interest Rates/Fiscal Dominance Why Stocks, Gold, Bitcoin Could Go Up In A 45 Degree Angle The Yield Curve The Everything Bubble When Will Gold Have Its Day? 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 Young @LizYoungStrat 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	A warm welcome to you folks. This is the On the Tape podcast. I'm Guy Adami, always joined by Danny Moses and Dan Nathan. And today we're going to be joined by Luke Groman, founder of the firm Forest for the Trees. That's a great conversation, Dan. And just give me a second here because we're going to talk about
0:21.0	some individual stocks. David Einhorn, somebody in our world made some comments about the market.
0:26.2	China continues sort of meltdown. Some of these large big cap semi-names continue to skyrocket.
0:33.2	Danny Moses has some thoughts and some dividend payers. but Luke was last on October 20th of last year.
0:41.3	October 20th is a day that lives with me because on October 17th, 1977,
0:47.8	Leonard Skinner released Street Survivors, great album, last studio album.
0:53.4	And obviously on October 20th was the day that
0:56.1	their plane crashed in Gillsburg, Mississippi, killing Ronnie Van Zand, Steve Gaines, Casey Gaines,
1:02.7	Dean Kilpatrick, and the pilot and the co-pilot. I digress. But Luke was on the 20th. He
1:08.4	actually knew that. And some of the songs on street survivors
1:11.9	resonate with me because one of my favorite songs, Dan, is I know a little. And I got to tell you
1:17.5	something, folks, if I'm putting it out there, I know a little about the stock market because
1:23.0	what's going on not only over the last year and a half, two years, but just the last couple
1:27.0	weeks has been deifying and has left me sort of in the fact. going on not only over the last year and a half, two years, but just the last couple weeks
1:27.5	has been deftifying and has left me sort of in the fetal position, Dan, Nick. Yeah, so it's
1:33.6	interesting. I think that what you mentioned is, you know, David Einhorn, you know, a famed value
1:38.6	investor, Greenlight Capital was on the Masters in Business podcast on Bloomberg that dropped
1:43.9	on Thursday the day that we
1:45.4	are recording this. And the headlines that I like immediately shot it over to you because I know
1:50.1	that you don't have your podcast player up and ready to go all the time. No, it's unfortunate.
1:55.6	My favorite podcast store is it was closed today. But here's a deal so some of the headlines that that kind of caught
2:02.0	my attention passive investors have no opinion about value they're going to assume that everyone else
	...

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