Wishing All The News Was Good with Savita Subramanian of Bank of America

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 8 September 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy, Dan, and Danny discuss Apple falling on reports of a China crackdown (3:00), Tesla (7:30), dueling headlines on hiring (12:00), economists growing gloomier on 2024 (16:15), and football picks (23:00). After the break, Dan and Danny sit down with Savita Subramanian of Bank of America and discuss her market outlook (29:00), the consumer (39:00), reasons to be excited (45:30), how to make money in the stock market (49:00), her S&P price target (53:00), and China (59:30). Enter the CME Group “Battle of the Bonds” Challenge for a Free Water Bottle! Sign-up here: https://cmegroup.com/bondschallenge Screenshot your registration Email a copy to [email protected] with your mailing address — Articles mentioned in the podcasts: Walmart Cuts Starting Pay for Some New Hires Health-Insurance Costs Are Taking Biggest Jumps in Years Economists grow gloomier on 2024 as central banks delay rate cuts — 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 Learn more about Ro body: ro.co/tape 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 Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Welcome to the On the Tape podcast. I am Dan Nathan. I am joined in studio by Danny Moses and Guy Christopher Adami. Welcome people.
0:10.0	I'm so used to Guy bringing us in on a 1974 song. We're gonna get there. We have a big show today. We have Savita Subramanian. She is Bank of America's head of equity strategy. Danny and I sat down
0:22.5	with her, and she had a really interesting note out this week. She was on CNBC's Fast Money with
0:27.4	you guy. Earlier in the week, it was another brick in the wall of worry, if you saw what she was
0:33.3	doing there. And we had a nice little feisty conversation with her. I think she's a bit more
0:37.5	optimistic about stocks than we are. That being said, she doesn't have a price target too much
0:42.3	higher than where the market is trading right now. So we go through that. We go through some of the
0:45.7	sectors that she's most... Well, it's actually lower than where the market is now. It's 4,300. But yes,
0:49.6	there you go. Details. And then early in the week, you and I, we did a market call from CME, our fine sponsor
0:56.4	out in Chicago.
0:57.7	We were out there for a Pearl Jam concert.
0:59.9	And usually, Guy, you get us in to the show with a lyric or a song title or something
1:05.8	like that here a little bit.
1:07.1	And Danny and I were at the Pearl Jam concert, the United Center on Tuesday night.
1:10.3	And what did I say to you?
1:11.2	I said, I got the title.
1:12.2	I got the title.
1:13.2	They were playing a song called Wish List.
1:16.1	He was off the 1998 album of Yield.
1:19.4	So this would be two weeks in a row guy.
1:21.4	You picked Better Man for last week.
1:23.5	But I heard this lyric, and I know this lyric,
	...

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