Lesser of Two Evils & A Conversation with Michael Kao

Apr 12, 2024

Financial expert Michael Kao discusses moves in the Japanese Yen, global currency concerns, potential for a run in gold vs crypto, downside risk for oil, and an idiosyncratic long idea. The hosts analyze economic data, retail stocks, commodities, treasury auctions, energy, Chinese equities, and the importance of bank earnings.

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INSIGHT

Inflation Problem and Market Reactions

The market is not fully considering the significant inflation problem.
Current market reactions to data releases are volatile and short-term.

INSIGHT

Retail Dichotomy

Stark differences are emerging between successful and struggling retailers.
Weakness is appearing in both high-end and low-end retail, indicating a discerning consumer.

INSIGHT

Tech Stock Performance and Nvidia's Volatility

Despite competition, companies like Amazon and Google are reaching all-time highs.
Nvidia experienced a significant market cap drop, suggesting potential overvaluation.

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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).

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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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