Dan Nathan & Guy Adami: Goldilocks Has Arrived At The Thanksgiving Table
On The Tape with Danny MosesShow Notes
Dan Nathan and Guy Adami welcome Danny Moses to discuss various market trends and investment strategies. The discussion spans topics such as AI's impact on the market, the performance of key sectors like healthcare, energy, and technology, and the challenges posed by economic indicators and geopolitical factors. They delve into the volatility and potential reshuffling within 'The Magnificent Seven' tech stocks and the implications for the broader market. The episode also highlights the private credit market's sketchy valuations, the Federal Reserve's position on potential rate cuts, and the dynamics within the cryptocurrencies market, including Bitcoin and its associated treasury companies. Finally, they touch on their favorite NFL picks for the week's slate.
Show Notes On The Tape Feed (Apple | YouTube) WAWD (Substack) Comparing The Top AI Chips: Nvidia GPUs, Google TPUs, AWS Trainium (YouTube) Google Further Encroaches on Nvidia’s Turf With New AI Chip Push (The Information) OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates (FT) Private Credit’s Sketchy Marks Get Warning Shot From Wall Street’s Top Cop (Bloomberg)
-- ABOUT THE SHOW For decades, Danny has seen it all on Wall Street and has built his reputation on integrity, curiosity and skepticism that he will bring with him each week. Having traded through the Great Financial Crisis and being featured in "The Big Short" is only part of the experiences Danny wants to share with the listener. This weekly podcast cuts through market noise, offering entertaining and informative discussions with expert guests giving their views of the financial world and the human side of it. Whether you're a seasoned investor or just getting started, On The Tape provides something for all listeners.
Follow Danny on X: @dmoses34
The financial opinions expressed 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 this content.
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 'On The Tape' 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. Hosted on Acast. See acast.com/privacy for more information.
More from On The Tape with Danny Moses
On On the Tape, James Aitken of Aitken Advisors recounts writing “Notes From a Small Island” for decades and describes his work helping institutional and high-net-worth clients ignore noise, stay patient, and capitalize on dislocations. In a macro backdrop of higher debt, inflation, wars, and concentrated equity leadership, he says bonds—especially parts of the Treasury curve and TIPS—now offer unusually attractive risk-reward, though they may hedge less reliably in a higher-inflation regime and could challenge risk-parity positioning. Aitken argues a government-underwritten AI and national-resilience CapEx boom is inflationary near term, with markets increasingly scrutinizing leverage and downstream project economics. He critiques Scott Bessent as buying time in Treasuries and expects Fed Chair Kevin Warsh to keep hiking to re-anchor inflation amid Middle East-driven energy risks. He views the dollar as supported by global asset-allocation inertia, stresses judgment over AI tools, and praises Mark Carney’s pragmatic reforms and efforts to attract capital to Canada.
Get RenMac's Research HERE: https://linktr.ee/renmacllc
Danny, Vinnie and Porter are joined by R.P. Eddy, founder and CEO of the global intelligence and advisory firm Ergo, and co-author of Warnings: Finding Cassandras to Stop Catastrophes.
Checkout 22V Advisory Direct: https://22vad.com/
Danny Moses welcomes back Cameron Dawson, Chief Investment Officer at NewEdge Wealth, for a deep dive into what's really holding this market together — and where the cracks are starting to show. Cameron explains why the S&P has held its 50-day moving average through war, higher oil, and a more hawkish Fed, and why that resilience comes down almost entirely to earnings. But she digs into a more troubling story underneath the Mag 7's earnings growth: deteriorating earnings quality, accounting maneuvers (reclassified leases, extended payables, one-time investment gains from stakes in companies like Anthropic and SpaceX), and a multiple that's compressed from 23x to 19x as a result. They cover the credit market's early warning signs in CCC-rated bonds, the "crowding out" effect as hyperscalers shift from self-funded to debt-and-equity-funded AI capex, why voters aren't punishing politicians for record deficits (yet), the stock market's growing role as the economy's real pressure point, and positioning in bonds, the dollar, and gold heading into next week's Fed and Bank of Japan decisions.