You Better Watch Out, You Better Not Cry, The SPY is Back at the High
RiskReversal Pod
RiskReversal Media
4.7 • 836 Ratings
🗓️ 24 December 2021
⏱️ 40 minutes
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| 0:00.0 | This is on the tape. I'm Danny Nathan. I am joined by Danny Moses. Guy Adami is taking a little family time this week. He will be back with us next week. Danny Moses, how you doing, buddy? I'm good, man. How you feeling? You recovering? I'm doing okay. I got the COVID. I'm up in New York City. It seems like every other person in New York City has it. Good news is it seems |
| 0:21.2 | very mild. I feel like I have a little bit of a head cold. I've been diagnosed for a couple days. |
| 0:26.1 | My family is not positive. That's all good news. So listen, at the end of the day, maybe this thing |
| 0:31.5 | kind of just burns its way through the population in a less lethal manner. I was talking to a bunch |
| 0:36.7 | of younger people, family members, that were at Santa |
| 0:39.1 | Khan. |
| 0:39.6 | Oh, yeah. |
| 0:40.6 | That was the super spreader event, New York City, December 11th. |
| 0:43.7 | That's when everybody about five days later started to get sick. |
| 0:46.6 | And you know what's crazy about that day, Danny? |
| 0:48.3 | It was literally like a 65 degree day in New York. |
| 0:51.3 | Like literally, if I was 20 years younger, I would have run out to party city and got |
| 0:55.2 | myself a Santa Hat and done the bar crawl because it looked really fun. All right, man, let's get into it. |
| 1:00.1 | We got about a week left in the year. As far as the market's concerned, they are back raging. |
| 1:05.8 | The S&P 500 is back very near. The highs it made about a month ago. What did we have nearly a 6% peak |
| 1:11.8 | to trough decline? That was the totality of the fear that this Omicron variant put into the markets. |
| 1:19.1 | Obviously, the Fed had a huge role in that same period by getting a bit more hawkish, |
| 1:25.1 | increasing the pace of the taper, not backing down one bit in the face of this variant. |
| 1:30.0 | What's your take here into your end? |
| 1:32.1 | Yeah, so I know you hate the phrase everyone does, |
| 1:34.3 | Santa Claus rally, but what's interesting about it is all this volatility. |
| 1:37.9 | I think if it had happened at any other time of the year, |
... |
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