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    Business

    RiskReversal Pod

    Welcome to the RiskReversal Pod, where Dan Nathan and Guy Adami are joined by the most brilliant minds in markets and tech. 

    We break down the most important market moving headlines to help listeners make better informed investing decisions.

    Our goal is to deconstruct Wall Street speak and offer contrarian insights and strategies that help investors navigate increasingly volatile markets.

    —

    FOLLOW US

    YouTube: @RiskReversalMedia

    Instagram: @riskreversalmedia

    Twitter: @RiskReversal

    LinkedIn: RiskReversal Media

    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.

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    Latest Episodes:
    Gene Munster's Mag7 Review: AI Enthusiasm & Tariff Impacts May 07, 2025
    Show notes

    Dan Nathan and Gene Munster, managing partner at Deepwater Asset Management, dive deep into the performance and future prospects of major tech companies. They begin with a nostalgic look at Apple's early ventures into audio products before moving into a comprehensive review of Apple's recent earnings call, highlighting China's impact on its performance and future AI integrations. The discussion then shifts to Microsoft's mixed results despite its early investments in generative AI, particularly through its partnership with OpenAI, and possible future partnerships with lesser-known AI companies like Anthropic. They also touch on Google's challenges with AI improvements and ad revenue, and how Gemini stacks up against OpenAI. The episode concludes with a critical view of Tesla's current market performance, Elon Musk's leadership, and potential future strategies, including a possible merger with his other ventures like X and XAI.

    —

    FOLLOW US

    YouTube: @RiskReversalMedia

    Instagram: @riskreversalmedia

    Twitter: @RiskReversal

    LinkedIn: RiskReversal Media


    Lost In Space with Galaxy's Mike Novogratz May 06, 2025
    Show notes

    Mike Novogratz, founder and CEO of Galaxy Digital, to discuss the company's long-awaited listing on the Nasdaq. Novogratz shares insights into the challenges faced over the past four and a half years, including interactions with the SEC and the impact of the Biden administration's policies on the crypto sector. They delve into the significance of the listing for Galaxy Digital, the resilience developed by the company, and their diversification into the data center business. The conversation also touches on macroeconomic themes such as the U.S. stock market, the impact of tariffs, the state of the bond market, and the evolving role of the U.S. dollar. Additionally, Novogratz provides his perspective on Bitcoin and the broader cryptocurrency market, including the potential for a BRICS stablecoin backed by gold and the implications of fiscal policy on asset prices. —
    FOLLOW US
    YouTube: @RiskReversalMedia
    Instagram: @riskreversalmedia
    Twitter: @RiskReversal
    LinkedIn: RiskReversal Media


    Warren Buffet's Massive Cash Pile, Retirement & What It Signals For Investors May 05, 2025
    Show notes

    Guy Adami and Dan Nathan preview the upcoming Federal Reserve meetings, and the lingering effects of trade tensions with China. They highlight key economic indicators, such as the strength of the U.S. dollar, crude oil prices, and job numbers. The discussion also covers significant earnings reports for the week, including Apple, Palantir, Disney, Uber, and Novo Nordisk. The episode also touches on Warren Buffet's increasing cash reserves and broader market sentiment amidst geopolitical uncertainties.


    Timecodes

    0:00 - SPX Key Levels

    5:30 - Buffet's Cash & Risk

    12:30 - Oil Impact

    16:15 - AAPL & Indicators

    21:00 - Sentiment

    27:30 - Earnings To Watch

    —
    FOLLOW US
    YouTube: @RiskReversalMedia
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    Twitter: @RiskReversal
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    Supply Chain Shocks, Fed Moves & America’s Economic Crossroads with Current's Stuart Sopp May 02, 2025
    Show notes

    Guy Adami welcomes Stuart Sopp, CEO of Current, to discuss the significant changes in the market since their last conversation on December 24th. They explore the increase in market volatility observed since January and the impact on various sectors, especially exchanges that benefit from high volatility. The conversation delves into the effects of stockpiling before important events like tax refund season, which is crucial for Current’s customers who rely heavily on affordable banking services. Stuart highlights rising stress indicators such as increasing delinquency rates and reduced discretionary spending on items like gas and fast food. The duo discusses the job market, potential recession risks, and the impacts of ongoing trade tensions with China. They also analyze the U.S. dollar's weakening position and the potential ramifications on global markets, as well as the controversial handling of the gold repatriation by various countries. The episode concludes with a cautious outlook on the U.S. economy's future, considering the administration's policies and the potential for further market disruptions.

    —
    FOLLOW US
    YouTube: @RiskReversalMedia
    Instagram: @riskreversalmedia
    Twitter: @RiskReversal
    LinkedIn: RiskReversal Media


    The Greenhaus Effect: GDP, Tariffs & What's Priced In May 01, 2025
    Show notes

    Dan Nathan is joined by Dan Greenhaus , Strategist at Solus Alternative Asset Management. The duo discuss recent market trends, including significant economic indicators like GDP and PCE, and delve into the impact of tariffs and trade deals on the stock market. Greenhaus offers a contrarian perspective on the current market sentiment, arguing that the potential for a shallow recession has been overstated. The conversation also touches on the durability of consumer spending, the implications of AI investment, and the potential trajectories for the S&P 500 and NASDAQ. Packed with valuable insights, this episode provides a thoughtful analysis of both immediate market conditions and longer-term economic forecasts.

    —
    FOLLOW US
    YouTube: @RiskReversalMedia
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    Twitter: @RiskReversal
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    Tech Wreck Scar Tissue & AI Hype with Steve Milunovich Apr 30, 2025
    Show notes

    Dan Nathan is joined by seasoned analyst Steve Milunovich. Steve, who has a rich history as a sell-side analyst at Merrill Lynch and other institutions, discusses the various technological waves spanning from the centralized computing era of mainframes to the current generative AI boom. They dive deep into the historical context of tech market cycles, including the dot-com bubble and the rise of mobile, social, and cloud computing. Steve shares his insights on the role of major tech giants like Microsoft, Google, Apple, and Nvidia in these cycles and the challenges of identifying future market leaders. The episode also explores frameworks for investing in individual companies, highlighting key differentiation strategies and the evolving nature of tech ecosystems. Finally, Dan and Steve reflect on the entrepreneurial legacies of Steve Jobs and Elon Musk.


    References

    • The Carlota Perez Framework (AVC)
    • AI’s $600B Question (Sequoia)
    • Hamilton Helmer's 7 Powers

    —
    FOLLOW US
    YouTube: @RiskReversalMedia
    Instagram: @riskreversalmedia
    Twitter: @RiskReversal
    LinkedIn: RiskReversal Media


    Trump's First 100 Days 'Redux' Apr 29, 2025
    Show notes

    Guy Adami and Dan Nathan dissect the current state of the market after the second Trump administration's first 100 days, tariff impacts, and key economic events. The pair highlights significant headlines from the Wall Street Journal and discusses the implications of automotive tariffs, GM profits, and job cuts at UPS. They weigh in on the persistent high volatility index, bond market movements, and the differing stances within the financial sector, particularly David Solomon's comments from Goldman Sachs. The episode also examines macroeconomic factors affecting big tech companies like Nvidia and Microsoft, CapEx investments, and the potential for an economic recession. The conversation wraps up with expectations for upcoming Federal Reserve meetings, earnings reports, and job numbers, emphasizing the intertwined nature of global economic policies and market reactions. —
    FOLLOW US
    YouTube: @RiskReversalMedia
    Instagram: @riskreversalmedia
    Twitter: @RiskReversal
    LinkedIn: RiskReversal Media


    Investors Brace For Mega Earnings Week: $META, $MSFT, $AMZN and $AAPL Report Apr 28, 2025
    Show notes

    Dan Nathan and Guy Adami look forward to the impactful earnings reports from major tech giants like Meta, Microsoft, Amazon, and Apple, even as the market anticipates Friday's jobs report. They analyze specific companies, including Tesla's contentious earnings call and Google's recent performance, and consider broader economic themes like the potential for a weaker US dollar and its implications.

    Articles

    • Unhedged and Burned, Stock Investors Brace for More Dollar Pain (Bloomberg)
    • China’s Huawei Develops New AI Chip, Seeking to Match Nvidia (WSJ)
    • The new AI calculus: Google’s 80% cost edge vs. OpenAI’s ecosystem (Venture Beat)

    —
    FOLLOW US
    YouTube: @RiskReversalMedia
    Instagram: @riskreversalmedia
    Twitter: @RiskReversal
    LinkedIn: RiskReversal Media


    Gold, Ghost Cities, and the Great Credit Cycle: Mike Kao on Global Economic Shifts Apr 25, 2025
    Show notes

    Guy Adami interviews Mike Kao from Akanthos Capital Management. They discuss recent unprecedented movements in currencies, commodities, and the bond market. Mike delves into the concepts of dollar hegemony and the distinction between currency strength and adoption. He examines the current state of U.S. debt, global reserve currencies, and the potential impact of a shift towards gold. The conversation also covers Trump's economic policies, a possible peace black swan effect, and the volatile oil market. Mike concludes with his views on the stock market, emphasizing the importance of event-driven investments amidst market volatility.


    Article Referenced

    • The dollar has further to fall (FT)


    —

    FOLLOW US

    YouTube: @RiskReversalMedia

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    Twitter: @RiskReversal

    LinkedIn: RiskReversal Media


    CrackBerry to RoboTaxi: How Dan Niles Thrives In Tech Investing Hype Cycles Apr 24, 2025
    Show notes

    Dan Nathan hosts portfolio manager Dan Niles of Niles Investment Management. They discuss Dan's January prediction to prioritize cash over high-growth stocks, given the market's volatility and macroeconomic uncertainty. The conversation covers critical topics like policy uncertainty, inflation, and market valuations, and the impact of AI investments. They also delve into specific company performances, such as Tesla's market challenges and the evolving landscape for major tech firms like Google, Meta, and Apple. Through this discussion, Dan Niles emphasizes the importance of understanding fundamentals and the risks of investing in overvalued stocks. The episode concludes with reflections on historical market patterns and their implications for current investment strategies.


    Timecodes

    0:00 - 2025 Thus Far

    8:00 - TSLA & Futurists

    18:45 - GOOGL

    23:00 - META

    28:00 - AAPL & The State of AI


    Follow Dan Niles on Twitter: https://x.com/danieltniles

    —

    FOLLOW US

    YouTube: @RiskReversalMedia

    Instagram: @riskreversalmedia

    Twitter: @RiskReversal

    LinkedIn: RiskReversal Media


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