What a Long Strange Trip it's Been with Alfonso Peccatiello of The Macro Compass

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 2 December 2022

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan and Danny discuss Fed Chair Powell’s speech this week (1:50), December volatility (5:30), what could happen when China reopens (12:30), retail stocks (15:24), Salesforce (18:00), the CNBC Sam Bankman-Fried interview (22:45), tether (26:45), and Danny’s NFL picks of the week (33:20). Later, Guy and Danny interview Alfonso Peccatiello, Founder & CEO of The Macro Compass, and talk about similarities between the stock market now and 2001 (42:25), what’s next to break (), the correlation between copper and gold (51:20), stagflation (55:40), what can go right (1:03:45), and the Macro Compass (1:05:40). 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 us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	All right, welcome to On the Tape.
0:02.9	I am Dan Nathan.
0:03.8	I am here with my co-host.
0:06.0	Danny, how are you?
0:08.4	I'm good, buddy.
0:09.0	How you doing?
0:09.7	I'm good.
0:10.1	We're going to have to do this one without Guy Adami.
0:12.3	He gave us the, what, an hour's notice or something like that.
0:15.1	No emergencies, no one worry.
0:17.2	He's all good. Well, you can put away your bingo cards right now because if you're playing bingo
0:21.4	for us, you're going to lose. You're not going to fill any cards. And by the way, Guy was on an
0:26.1	interview with you and Alfonso Pekitello. He's the founder and CEO of the macro compass. You might
0:31.8	know him as the macro alf on Twitter. He writes a really great newsletter and he joined Danny and Guy for a conversation
0:40.2	about what the Fed's been up to and what the likelihood of a recession is and what he's looking at.
0:46.1	So stick around for that. But Danny, we got to start out by talking about yesterday's reaction
0:52.7	to what Jay Powell said. He was at the Perkins Institute.
0:55.4	This is an annual thing that the FedShare does. The transcript came out. I'm looking at the
0:59.9	headlines and I'm like, nothing new here, man. And then all of a sudden, it looks like
1:04.4	Algos are reading this thing and the market starts shooting higher. I just did not see anything
1:10.5	that we didn't expect. I didn't see a
1:12.9	tone that was different than what we expected. So I'm just curious, what was your take on what he said?
	...

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