What Are We Doing At Market Highs?

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 6 March 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Danny Moses is joined by his pals from Seawolf Capital, Vincent Daniel and Porter Collins, for a conversation on the macro environment and to discuss some signal stock names that have their attention. Topics on this episode include: Tesla’s sliding stock price (2:00), how fiscal policy is impacting markets (6:00), the banking sector (13:00), energy (20:00), MicroStrategy (25:00) and what Danny’s biggest themes (29:00). 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	Welcome back to another edition of what are we doing. Never has it been more relevant than right now.
0:07.1	I want to welcome back Porter Collins and Vincent Daniel. And I want to just let people know the last time they were on in this venue was Thanksgiving.
0:14.4	We did a special drop. A lot was going on then in the markets. And then we were all together down to the I Connections conference in Miami at the end of
0:20.9	January. We were on a panel with our former partner, Steve Eisenman, hosted by Melissa Lee. And then we
0:25.6	were on Fast Money, so it was great to get together. So we've been sharing some thoughts out there
0:29.5	with the public. But it feels, though, right now more relevant than ever. So I'd love to start out
0:33.6	by just getting your guys current thoughts on the macro and then we're certainly going to
0:38.1	dive into some single names. Everyone thinks of us as three bears and we've been big short guys
0:43.7	and stuff like that. But the one short that we've been continuously pounding is Tesla. And Tesla is,
0:49.1	I believe, rough math, 10% below the October lows, whereas the S&P is up 23% from the October lows. So I'm not
0:57.5	victory-lapering or anything. We've been right to be bearish on a certain car company.
1:01.7	How does that fit into your narrative on the macro? Is it that the macros started to become or is
1:06.1	becoming stock picking by the day? We're starting to see what was the magnificent seven is now
1:10.7	whatever who we're calling it, the Fab or Fantastic Four. At some point, just got to ignore those four. stock picking by the day. We're starting to see what was the Magnificent Seven is now whatever
1:11.0	who we're calling it, the Fab or Fantastic Four. At some point, just got to ignore those for
1:15.0	and go invest and buy and sell stocks that are other 496. So within that macro context,
1:20.7	what are the driver that you guys are looking at? I actually think it has nothing to do with the
1:24.2	macro with respect to Tesla, because if you think about it, we've had
1:27.5	a tremendous easing of financial conditions. So you would think a name like Tesla would be up
1:32.3	significantly more or up in general rather than being down. I think it's an acknowledgement of the
1:38.5	market, which is a good thing, at least from market participants that fundamentals do matter.
1:43.9	And as a result, why is Tesla down?
	...

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