The Big Long with Steve Eisman

19 snips

May 17, 2024

Steve Eisman from Neuberger Berman discusses market drivers, infrastructure investments, election impacts, energy sector, managing money insights, and the Preakness in a lively podcast chat with hosts. Offering valuable perspectives on the market and investment strategies.

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INSIGHT

Fed's Limited Market Influence

Steve Eisman asserts the Federal Reserve's current rate moves have little relevance to market direction.
The market's reaction is more driven by economic and inflation data than by Fed policy announcements.

INSIGHT

Infrastructure's Long-Term Tailwind

Infrastructure investing has a decade-long runway driven by themes like onshoring, data centers, and grid upgrades.
Government incentives turbocharge these sectors, giving industrial companies secular growth beyond typical cyclicality.

INSIGHT

Low-End Consumer Credit Snapshot

The low-end consumer has credit quality issues but is less leveraged than before 2008.
This segment doesn't pose a significant systemic risk to the economy or market currently.

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Steve Eisman of Neuberger Berman joins the pod this week! Dan, Danny, Guy, and Steve discuss: what’s driving the market (5:00), why Steve is no longer bearish (11:00), investing in infrastructure (13:00), the low-end consumer (19:00), why Steve thinks the election is over (22:00), what a Trump re-election means for the stock market (27:00), energy (29:30), Steve’s optimistic view on the market (33:00), what could cause a bear market (35:00), what Steve believes about managing money that most people don’t understand, “The Big Short” (37:30), and the Preakness (40:00).

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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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