Markets are Hard to Handle with Mike Wilson of Morgan Stanley

8 snips

Dec 1, 2023

Mike Wilson, market expert and analyst from Morgan Stanley, joins the hosts to discuss the November stock market rally, late-cycle behavior, earnings, the bond market, the worst possible scenario for stocks, the single biggest risk for 2024, what consensus could get wrong next year, sentiment indicators, stock market concentration, M&A, and the appeal of U.S. markets as a safe haven. Later, they discuss the Elon Musk DealBook interview, the meteoric rise in the S&P 500, GM's $10B buyback, M&A, the energy space, JPMorgan survey, LME wins High Court ruling, and Danny's NFL picks.

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Introduction

00:00 • 2min

Discussion on Market Challenges, Fed Pivot Calls, and Bond Market Reversal

01:47 • 4min

Stock Market Disconnect: Falling Treasury Yields vs Rising Stocks

05:27 • 12min

The Disconnect Between Stock Market Performance and Public Opinion on Economy

17:32 • 19min

Rising Stock Prices and Concentration in Tech Stocks

36:38 • 7min

Gratitude, Capital Introduction, Weight Loss Medication, and Elon Musk Interview

43:09 • 3min

Mixed Opinions and the Connection Between a Controversial Figure and Tesla's Actions

45:51 • 2min

Rise of S&P Index Despite Various Factors

47:29 • 17min

Trading Conflict and Lawsuit over Nickel Futures on the LME

01:04:41 • 2min

Market Events, Football Picks, and Sponsor Mentions

01:07:00 • 3min

Mike Wilson joins the hosts for this episode of On The Tape. They talk about the November stock market rally (3:00), classic late-cycle behavior (6:30), earnings (8:00), the bond market (11:30), why the soft landing is the worst possible scenario for stocks (13:00), the single biggest risk for 2024 that investors aren’t taking seriously (13:50), what consensus could get wrong next year (18:00), the employment cycle (24:30), sentiment indicators (30:30), volatility (33:00), private credit (34:20), stock market concentration (37:30), M&A (41:00), and the appeal of U.S. markets as a safe haven (41:30).

Later, Guy, Dan, and Danny discuss the Elon Musk DealBook interview (45:00), the meteoric rise in the S&P 500 (47:45), GM’s $10B buyback (51:20), M&A (56:00), the energy space (59:45), JPMorgan survey shows investors are as bullish they’ve ever been (1:02:45), LME wins High Court ruling over canceled nickel trades (1:04:45), and Danny’s NFL picks (107:30)

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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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