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On The Tape

Widespread Panic with Cameron Dawson of NewEdge Wealth

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 11 November 2022

⏱️ 63 minutes

🧾️ Download transcript

Summary

Guy, Dan and Danny discuss panic buying on the back of the CPI report (1:00), Tesla touching the $175 mark (12:40), the FTX crypto crash (16:55), homebuilder stocks soaring (26:20), and Danny’s NFL picks of the week (28:00). The co-hosts interview Cameron Dawson, Chief Investment Officer at NewEdge Wealth, and talk about her path from performing arts to finance (33:26), the importance of the dollar (40:26), S&P earnings (41:45), trading around the 200-day moving average (46:30), and growth vs. value (55:45). 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 Subscribe to our YouTube page

Transcript

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0:00.0

So I like to start these shows by just starting the show. There's no introduction, although I will make an introduction in a minute. But Danny Moses, we've done this before, but it's important to do it again, okay? For whatever reason, you have a familiarity or fondness of state of Georgia, right? And we've mentioned the great city of Athens, Georgia, a number of times. So give me the first band that comes

0:22.6

in mind when we speak of Athens, Georgia. I know what I think. I know your R.M., but I'm not going to

0:26.7

give it to you because I'm a widespread panic over REM. I appreciate that. Widespread panic is the

0:31.9

right answer. And today, that's exactly what we're seeing. Now, people say, wait a second,

0:37.4

Swizz. The market doesn't panic to the upside, but I would submit everything we're about to talk about speaks and reeks of panic. By the way, this is the on the tape podcast. I'm Guy Adami. That was Danny Moses, the 1411 and one pedestrian Danny Moses. Of course, Dan Nathan is here as well. And in just a few minutes, Danny, we will speak to Cameron Dawson of New Edge wealth. She has some great insight into the market and what she thinks is going to happen. And subsequently, what she thinks is happening as we sit here today. So, Danny, how are you? I'm good. And let me just

1:11.6

say Cameron was the recipient of the 2012 Ed Moses Scholarship out of Krummer School at Rollins College,

1:17.2

so I'm very excited to talk to her. What's happening is a 0.3% better CPI numbers,

1:22.5

running the market, 5%. So that makes a lot of sense to me, Guy.

1:25.7

Well, that's why I call it widespread panic. And I've

1:28.1

said this for years, and I've said it to our producers on CNBC's Fast Money, Danny, a show that you

1:32.7

come on once in a while, that we associate panic always with the sell side. The market panicked,

1:39.2

market sold off 3%. There was widespread panic. But what we're seeing today is panic buying, which, by the way,

1:46.8

can last for a period of time. On this very show, we've talked about the potential for the S&P 500

1:52.3

to get to 4,000, maybe overshoot to 4,100. And as we sit here now, it's happening right before

1:58.6

our very eyes. But it's also happening with the VIX trading down

2:01.8

to the low 20s, with bond moves that you talk about ridiculous bond moves. Well, take a look at what

2:07.3

happened today, folks. When you're talking about 25, 30 basis point moves in two years and 10 years,

2:12.2

that is not particularly, I don't think, healthy, but it can last, Dan, Nathan. Yeah, this is a coordinated orgy of just enthusiasm.

2:21.3

If you think about it, so you just mentioned the 10-year.

2:23.3

It's at 382.

2:24.5

It was trading at 4-21, like a few trading days ago.

2:27.7

Look at crude oil.

...

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