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RiskReversal Pod

Trading Spaces 4/29/22: April Bomb She Will

RiskReversal Pod

RiskReversal Media

Investing, Business News, News, Business

4.7836 Ratings

🗓️ 30 April 2022

⏱️ 57 minutes

🧾️ Download transcript

Summary

Welcome to a special live audio broadcast of Trading Spaces, hosted by Dan Nathan, Guy Adami, and Danny Moses on Twitter Spaces. On Friday afternoon into the close, the guys hopped on Twitter to discuss the stock market sell-off, big tech earnings, the bank bloodbath, and the Fed meeting next week. They are joined by Doug Kass of Seabreeze Partners to discuss the state of financials, and Cannabis stocks. Later, Danny's "Big Short" colleagues Vincent Daniel and Porter Collins of Seawolf Capital hop on to give their perspective on the markets and outlook for oil stocks.

Transcript

Click on a timestamp to play from that location

0:00.0

All right, should we do this?

0:02.3

All right.

0:02.5

This is Trading Spaces.

0:03.6

We haven't done them for a while.

0:05.0

We do these in support of our podcast on the tape podcast that we do.

0:09.4

Danny Moses, who's on right here, Guy Adami, myself.

0:12.8

We are sponsored by CME Group.

0:14.2

We also have a new sponsor called I Connections.

0:16.1

That's a great organization.

0:17.2

You're going to hear a lot more about on our podcast on the tape. We're going to have a special two times a month off the tape. So let's get into it. Yesterday on the podcast, we were

0:25.3

recording at the same exact time as three o'clock. The market was raging, right? The S&P was up

0:32.2

two plus percent. The NASDAQ was up three percent. I guess investors were really geeked up about what Facebook's, I don't know, didn't say,

0:41.3

didn't say, I don't know if that was the case.

0:43.1

But we were, you know, recording before Apple and Amazon.

0:46.3

So we all wanted to come on and talk a little bit about this.

0:49.2

Danny Moses, first, any impressions about the whipsaw action that we've seen this week.

0:54.5

This is a week that we saw the F MAGA Complex All-Report earnings.

0:58.1

Yeah, it's not good, not healthy.

0:59.9

These moves, I don't care, up or down, are not signs of a healthy market.

1:03.5

And we are losing, you know, some of the horses, as you've talked about, Dan, and they're going one by one.

1:08.8

And they're resetting. And if they truly reset

1:12.3

to what could be, you know, let's call 20 PEs, 23 PEs, we still have a way to go here. And so

...

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