You Never See The Market Turn Coming

On The Tape

RiskReversal Media

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4.6 • 757 Ratings

🗓️ 8 July 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy Adami and Liz Young Thomas discuss a range of topics from personal updates to pressing financial trends. We delve into the stock market's latest all-time highs and the market's questionable response to weak job numbers, and predictions about the Federal Reserve's potential upcoming rate cuts due to increasing unemployment, which has exceeded 4% for the first time since 2021. They also address the peculiar behavior of the small caps and speculate on the possibility of a near-term market correction. Additionally, the pair previews the upcoming earnings and economic data, including CPI, PPI, and bank earnings, highlighting their significance on the current economic outlook. 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 to the On the Tate podcast, Guy Adami. I am joined by Elizabeth Thomas, formerly EY of SoFi, now just E.T, of things that I will figure out on later shows. Elizabeth, how are you?
0:14.0	I'm good. How are you? You look like you got some sun over this holiday.
0:17.0	Well, you know what I mean? It's that time of year. And as you know, if you're living in the Aetos,
0:20.9	Eunice, you know, that we're under some sort of, you know, heat warnings. Apparently, Elizabeth,
0:25.7	you may know this. The hottest reading in the history of the planet, which, as far as I know,
0:29.9	is a pretty long time, just recently took place, I think, in Death Valley out there in the West Coast.
0:35.6	I think it was a hundred and twenty-eight degrees
0:38.3	Fahrenheit. Oh man, but it's a dry heat, right? Yes, it is a dry heat. And let me say this,
0:47.4	because I haven't seen you, a happy belated birthday to you as well. Thank you. You know,
0:51.5	every once in a while I have a birthday that feels like a
0:54.2	bigger deal than other birthdays. 40 felt like a really big deal. 42 is like totally inconsequential.
1:00.0	Right. I feel no different than 41. Well, now, now you're at a point in life where it's just when
1:04.1	you change big figures, or maybe 55 for some reason. I think people have an affinity towards that. But, you know, once you go through
1:11.3	the 40, it's sort of 50, 55, 60. And if you're fortunate enough, you know, 70 and and so on.
1:18.4	Well, the actual aerial tables say 80. Well, 70 something for men, maybe 80 something for women.
1:24.5	So I think we're both still in the clear for a while. Well, no, it's interesting. 70-something for men really puts things in perspective for me as I
1:30.9	will be turning 61. So I've got a lot of runway. But that's neither here nor there. So it's great
1:37.3	to have you back. It's great to be back. By the way, Dan sat down with Paul Rabel. He's the
1:42.4	co-founder of the PLL. That's the premier lacrosse
1:46.4	league on OK Computer last week to discuss Paul's new book, The Way of the Champion. And as you
1:52.9	can probably guess, we're doing a giveaway. Go to the podcast store, follow, rate, and review
1:58.3	the OK Computer podcast. Send a screenshot to contact at riskreversal.com with your address, and we will send you a free book.
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