Squawk on the Street SOTS 2nd Hour: Volatility Picks, Navigating Big Tech, & The Bitcoin Breakdown 11/21/25
Nov 21, 2025
Eric Johnston, Chief Equity and Macro Strategist at Cantor Fitzgerald, shares insights on the macro outlook and discusses how market de-risking could signal a year-end rally. Tech analyst Brent Thill from Jefferies highlights Google's competitive edge with AI and why it can outperform its peers. Matt Hogan, CIO at Bitwise, analyzes Bitcoin's recent sell-off and argues for institutional demand supporting a potential bottom. Also, Bill Nygren from Harris Oakmark reveals value stock picks that could provide significant returns as the market evolves.
AI Snips
Chapters
Transcript
Episode notes
Consumer Sentiment Is Fragile
- University of Michigan consumer sentiment shows mixed but weak readings, keeping economic sentiment fragile.
- Rick Santelli notes inflation expectations improved slightly but overall household sentiment remains near lows.
Crypto Liquidity Has Deteriorated
- The October flash crash and a stablecoin depeg reduced market-making liquidity across crypto.
- Mackenzie Cigala says thinner liquidity means even modest selling now moves prices sharply.
Watch Volatility Signals Before Buying
- Expect short-term de-risking and systematic selling to continue until volatility and price stabilize.
- Eric Johnston advises watching put-call ratios and VIX signals as signs the short-term bottoming process is underway.