563 episodes
On The Tape RiskReversal Media
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- Business
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4.7 • 663 Ratings
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Each week, CNBC Fast Money contributors Dan Nathan and Guy Adami, along with former hedge fund manager Danny Moses (as featured in The Big Short), and SoFi’s Head of Investment Strategy, Liz Young, break down market-moving headlines, provide their insights into the financial markets and discuss under-the-radar investment themes.
You’ll leave each episode with a better perspective on financial and business news from three experienced, nonconsensus voices whose goal is to provide listeners with the intellectual framework to think critically and make smarter investment decisions.
Each episode, the co-hosts go Off The Tape with a guest from the world of finance, media, entertainment or sports.
Dan Nathan is a CNBC contributor, the Principal of Risk Reversal Advisors and is the founder and editor of RiskReversal.com.
Guy Adami is an original member of CNBC’s Fast Money and is currently the Director of Advisor Advocacy at Private Advisor Group.
Danny Moses has been on Wall Street for decades in a variety of roles, is currently a private investor and was also featured in The Big Short for his bet against the housing market.
Stay up to date at OnTheTapePodcast.com, follow us on Twitter @OnTheTapePod and subscribe to On The Tape in your favorite podcast store.
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Death, Taxes and Higher For Longer with Liz Young and Chris Verrone
Dan Nathan and Liz Young do a pulse check on what CEOs are saying about the consumer (4:00), the correlation between yields and stocks (15:45),JPMorgan earnings (20:30), Apple’s iPhone slump (24:30), what to expect from earnings this week (26:00), Fed speak (28:00), and S&P 500 technicals (31:00).
After the break; Chris Verrone, Head of Technical & Macro Research at Strategas, joins the pod to discuss how technical analysis has evolved (39:00), the process of looking at patterns in different areas of the stock market (43:30), the biggest mistake investors make (48:00), introducing SAMM: Strategas Tactical ETF (52:00), a vibe check on the stock market (54:00), ‘A Momentous Moment’ behind Gold (50:00) and Bitcoin (1:04:00).
Growth Has Slowed: Could the market be overestimating the chances of a soft landing?
Apple Faces Worst iPhone Slump Since Covid as Rivals Rise (Bloomberg)
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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.
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Check out our show notes here
See what adding futures can do for you at cmegroup.com/onthetape.
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Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod on Twitter or @riskreversalmedia on Threads
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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. -
Lesser of Two Evils & A Conversation with Michael Kao
We’ve got a podcast unlike any other this week featuring Guy Adami and Danny Moses. The guys start the show by digesting a litany of economic data released this week (5:00), what retail stocks say about the consumer (7:30), concerning price action in commodities, gold & silver (12:00), recent treasury auctions & dollar/yen (18:00), energy (23:15), Chinese equities (26:00), the importance of bank earnings (28:00)
Michael Kao joins Guy and Danny after the break to discuss moves in the Japanese Yen (34:00), global currency concerns (40:00), the potential for a run in gold (45:00), gold vs crypto (48:15), downside risk for oil (50:45), an idiosyncratic long idea (54:40).
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 OnTheTape@riskreversal.com 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. -
A Notable Update On The IPO Landscape with Jeff Richards + Funders x Founders with Handshake’s Garett Lord | Okay, Computer.
Dan is joined by Jeff Richards of Notable Capital about structural changes to the firm on top of the name change from GGV Capital (3:15). The guys also discuss Jeff’s view on the startup environment (6:05), AI Valuations May Be Coming Down To Earth (10:45), the interest rate impact on valuations and new investments (15:45), is the 2024 IPO class is more resilient than the last round (19:30), Adobe’s skid around a lack of AI (21:30), potential headwinds (32:30), AI as a tailwind for small business (37:30).
After the break, Dan and Jeff are joined by Garrett Lord, co-founder & CEO of Handshake. The trios discuss Handshake’s origin story (41:30), how Handshake compares to competitors like LinkedIn or Indeed (45:00), what drew Jeff to the company (46:00), how Handshake partners with academic institutions (49:20), what attracted Jeff to Handshake’s business model (51:40), the job market for college graduates (55:00), how technology has changed recruiting after college (57:30), the labor market (59:45), the student experience (1:03:30), evolving as a founder and CEO (1:05:30), what excites him about the future (1:09:30)
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View our show notes here
Learn more about Current: current.com
Listen to 'Strategic Alternatives': https://www.rbccm.com/en/gib/ma-inflection-points
Email us at contact@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.
We’re on social:
Follow @dee_bosa on Twitter
Follow @GuyAdami on Twitter
Follow us on Instagram @RiskReversalMedia
Subscribe to our YouTube page -
How to Play for a Pullback in the S&P 500 | MRKT Call
Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Tuesday, April 9th.
Timecodes
0:00 - S&P 500
14:10 - Nike
23:40 - Delta & JETS
27:00 - JP Morgan & XLF
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Options Disclosure Agreement -
Gold’s Shining Moment & A Conversation with Roy Niederhoffer
On this episode of “On The Tape,” Guy Adami and Liz Young recap hit the recent move in yields (3:00), what the VIX is telling us about the markets (5:00), the commodities complex (8:00), rate cut expectations/jobs market (10:30), Jamie Dimon’s warning to the economy (17:00), Fed speak this week (21:00), earnings season kicking off (23:30) and gold (25:30).
Later, Guy is joined by Kaitlin Malin, COO at iConnections, to interview Roy Niederhoffer, president of R.G. Niederhoffer. They discuss Roy’s background as a teenage entrepreneur and how he learned about the markets (31:00), making emotional mistakes in trading/behavioral biases (35:00), how allocators should think about sharp ratios (43:00), R.G. Niederhoffer’s investment strategy (49:00), drivers of volatility in the markets (54:30), following trends (1:00:15), how his love of music has helped him with investing (1:04:00) and AI/machine learning (1:07:15).
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 OnTheTape@riskreversal.com 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. -
Now Bulls Can’t Leave with Ben Kallo of RW Baird
On this episode of “On The Tape,” Dan Nathan, Guy Adami and Danny Moses discuss the stock market moving on Fed cut expectations (3:00), what the rally in gold is telling us about the market (14:00), weakness in the Yen (17:00), the Jobs Report (18:00), huge moves in some of the biggest stocks in the market (22:00), the calamity trade (27:30), Janet Yellen visiting China (30:00), Humana (36:00), gambling stocks (35:30), and Tesla (more on that after the break…) (38:00). Later, the guys sit down with Ben Kallo, senior research analyst at Baird, to discuss his bullish outlook on Tesla. Topics they cover include his bearish fresh pick on Tesla (43:00), risks to the stock (45:45), the Cybertruck halo effect (49:45), bracing for a messy quarter (53:45), skepticism around the stock (57:30), searching for the bottom in lithium (58:00), Rivian (59:00), biggest themes in solar (1:01:30), and Albemarle Corporation (1:03:00).
Articles:
Fed’s Kashkari Floats Possibility of No Rate Cuts This Year (Bloomberg)
How Far $100 Goes at the Grocery Store After Five Years of Food Inflation (WSJ)
David Einhorn thinks inflation is reaccelerating and has made gold a very large position (CNBC)
Morgan Stanley’s Adam Jonas Says Tesla $100 Bear Case May Be ‘In Play’ Now, But Notable Analyst Still Likes The Stock Long Term (CNBC)
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 OnTheTape@riskreversal.com 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.
Customer Reviews
On The Tape
Great pod. The speak to area of the market that other finanacial shows don’t. thoughtful ,funny, and the interviews are always worth listeing too.
Dan great pods the last two days 3/20-3-21
I do appreciate your thoughts but you do t know how it ends NVDA could pull back 10-20% and plateau. Who knows but the one thing I would have to say if I were going to buy stock now it wouldn’t be Nvidia people just talk about it too much. Yes I live through the.com crash and learned a lot a funny antidote when my sister-in-law starts talking about stocks I will know the market has peaked😄
Always finding an excuse for bears
This podcast is always looking for data or anecdotes to find a way to be bearish. It’s tough to listen to people with such a big platform continue to double down and pretend like they haven’t been bearish for one of the strongest bull markets in recent years. The hardo “telling it like it is” is just an excuse to be wrong. They will pretend to be on the right side if we get a 10% drawdown and the reality is they’re still wrong.
Like you guys a lot, but...
Look, I like listening to all you guys -- you're all smart, all entertaining, all seem like fun people to hang out with... and I don't know what your ratings numbers are, but my guess is you're losing listeners for a couple of reasons.
First, you guys, in my opinion, are too black-and-white bearish and, thus, don't give enough actionable advice for the short-term and mid-term trader. And because all you guys (minus Liz) are/were traders, I'm inferring that the trader is who your podcast is geared toward (as opposed to the buy-and-hold crowd). And to illustrate my contention that there's a deficiency in actionable advice, let me give you an example involving Dan (again, whom I think is very good on the pod, but who's become Mr. "At Some Point").
Last May (2023), NVDA was coming into earnings as one of the most talked-about stocks in the market (not to the extent it istoday, but still, one of the hottest/most talked about stocks). I'm virtually certain Dan was bearish on the stock, and maybe owned some puts on it (certainly a reasonable position since it had been on a tear). It was trading at around $300 and, like everyone, I didn't know where the stock was going. I did, however, figure that there was a good chance it might go nuts either way, so I bought a straddle at a strike price of around 300. It cost me 1900 (roughly 950 each for the put and call). Earnings were released, and the stock went from 300 to 380. I lost 950 on the put, but made 6000 on the call. There's no bragging going on here; I've lost plenty of money trading options, and I don't know any more than the next guy. Since then, stock, as we know, has gone from 380 to roughly 980, with some intermittent hiccups along the way. I believe this whole time Dan has remained bearish on the stock, and frequently opines that "at some point" it's going to take a hit (which is, arguably, good advice from a risk management perspective). I think it's admirable that Dan's not a chaser, and that he's prudent with his risk managment. However, even if the stock does take a hit from here, let's say goes down 30%, the stock would still be trading at around 650 -- almost double from where it was AFTER the huge post-earnings bump in May, 2023 (I think stock traded down to 350, and then continued upward). NVDA is not a meme stock; it's arguably the strongest company in arguably the strongest secular industry... and it trades at a reasonable 30-50x forward PE (I say "reasonable" in relation to its projected growth). I think it would just be helpful to listeners who are looking for advice if, regarding a hot stock, there was a discusion that "Yes, the stock's had a nice run, but you know what? Next time it drops 10%, maybe consider putting 1% of your portfolio in there because the long-term trend on this stock looks like it's going up." Because I think sometimes you guys act is if, once the stock does go down, you'll all be screwed; you don't seem to account for the situation where the stock goes down, you buy on that dip, and then you sell after a 30% gain. Your discussions seem to ignore the short-term trading potential of buying a hot stock like NVDA when it's down 10%, and you don't seem to acknowledge that -- if an investor does buy a hot stock on a dip -- that investor doesn't have to hold on forever... that she can buy that dip and then sell before the stock does take that 30-40% hit later on. Maybe this is because you guys don't believe in investory-psychology, the notion there are some stocks where seemingly investors just "want" that stock to go higher (CRWD, MSFT, LRCX and, yes, NVDA). Personally, I think it would be helpful if you guys indentified some support levels for some stocks that have done well and that still have strong secular prospects so that -- when there are the inevitable pullbacks in these stocks -- an investor might want to consider putting a responsible portion of their portfolio into that stock (as opposed to continually saying "Stock's been too hot, it's gonna drop."). But it's not my podcast, and I get that maybe you guys don't believe in that kind of investing.
Also, for my taste, I think there's too much discussion about metals, commodities, etc. And I know Guy's a former gold/commodities guy, but if you're going to say that you think copper's going to get hot, it might be more helpful to listeners if you also explained that "Because copper's going to get hot, these are some stocks that you might want to look at." I mean, I could be wrong, maybe you guys do have a lot of listeners who are in the CBOE pits, but my guess is that most of the listeners are retail/individual investors who enjoy your work on TV (and I'm one of them), and they really aren't going to be investing in copper (but again, maybe I'm wrong). In the same vein, I personally don't love hearing 10-15 minutes of discussion about how there's too much government debt, and things of that ilk; again, at least for a listener like me, it would be helpful if you then connected how that preponderance of debt would impact certain stocks, and of those stocks, do you prefer JPM vs. Goldman in that scenario.
Anyway, sorry for the long post. And as ironic as it probably sounds, I really do enjoy listening to all of you guys (and do give you guys credit for making a lot of good calls, like TSLA short). It's just, for investors like me, I'd enjoy the pod even more if there was maybe more granular strategy discussed with respect to individual stocks.