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 of
Go follow the 'What Are We Doing' Substack: https://whatarewedoingonthedesk.substack.com/ LIVE from the HOOD Summit in Houston: Dan Nathan hosts as the guys walk through the short seller's checklist: short interest, valuation, cost to borrow and, most importantly, a real catalyst. They explain why shorting is so much harder than it looks and how they manage risk by pressing into rallies and covering into weakness. Porter then morphed into a combination of Carter Worth and Steve Kornacki by pointing out technicals on the big screen while Vinnie and Danny argued about whether or not trading…
Learn more about Astraeus Wealth Management: http://astraeuswealth.com/partner-with-us Guy Adami welcomes back Michelle Meyer, Chief Economist at Mastercard, to dig into what Mastercard's data is saying about the American consumer heading into the holiday season. With mortgage rates above 7% and sentiment surveys still gloomy, Michelle explains why spending keeps holding up. The answer is a healthy labor market, strong household balance sheets, and a K-shaped economy where upper-income households are spending faster but every income group is still growing. She breaks down Mastercard's…
Live from the HOOD Summit in Houston, Guy & Dan sit down with Robinhood's Steph Guild, Porter Collins, Vincent Daniel to make sense of a market sitting near record highs despite a war, $95 oil and a 10-year yield pushing past 5%. The panel digs into horrific market breadth and the passive flows propping up a handful of mega-caps. They discuss why private credit may be the canary in the coal mine for the AI buildout, and whether Nvidia's lending to its own customers makes it look more like a bank than a chipmaker. They also cover the case for energy after years of underinvestment,…
Tonight we're at Hunt and Fish Club talking with Anthony Scaramucci. Most people know him for his famous two weeks in the Trump White House, but he's so much more than that. He's the founder of SkyBridge Capital, a fixture on Wall Street, and one of New York's most resilient comeback stories. In 2015, he co-founded Hunt and Fish Club, a tribute to 1960s New York and old-school hospitality. Listen in while we discuss inflation, Bitcoin, and what’s broken in America. Timecodes: 00:00 – Cold open: Wall Street vs. Washington 00:30 – Show Intro 01:08 – Meet Anthony Scaramucci + Hunt & Fish Club…
Today we're doing lunch at Manhatta, towering 60 stories above the financial district. Joining us is Rick Heitzmann, co-founder and partner at one of New York's most influential early stage venture firms, First Mark Capital. Rick has been early to some of the most category defining companies of the last decade, backing names like Pinterest, Airbnb, and DraftKings. That foresight has landed him on the Forbes Midas list, not once, not twice, but five times. And if that wasn't enough, he's living the dream of every New York sports fan, joining the ownership group of the New York Yankees.…
Learn more about Astraeus Wealth Management: http://astraeuswealth.com/partner-with-us Guy Adami and Liz Thomas discuss historic moves in U.S. Treasuries, with yields jumping 20 bps in two days, the 5-year above 5%, and the average Treasury yield above 5%, signaling a new inflationary regime and forcing investors to rethink allocations. Despite higher discount rates, stocks have held up due to a rotation back into mega-cap tech and AI-driven CapEx supporting GDP expectations, even as the bond market “story” looks ominous. Thomas outlines a “balance by extremes” approach—overweight AI/tech…
Apex Fintech Solutions provides the tools and services that enable hundreds of clients to launch, scale, and support digital investing for tens of millions of end investors. The company provides essential infrastructure and a comprehensive ecosystem of cloud-based products to enable and streamline trading, wealth management, cost basis, tax reporting, and, through its subsidiary Apex Clearing™, custody and clearing. LEARN MORE HERE Checkout Gary's Substack: https://garymarcus.substack.com/ Jim Chanos returns, this time with AI researcher/professor emeritus Gary Marcus. The two join Dan to…
Dan Nathan sits down with Fahad Hassan and David Cusatis, co-founders of Range, an AI-native wealth management platform that just crossed $1 billion in assets under management. Fahad and David built Range without any traditional finance background, starting from a simple frustration: the old 1% AUM model is expensive, opaque, and hasn't changed in 100 years. We get into Range's AI agent, Rai, which can execute backdoor Roth conversions over text message, and why the founders believe AI is already outperforming human financial advisors. Plus: a live demo of Meta's Muse booking a flight and…
Apex Fintech Solutions provides the tools and services that enable hundreds of clients to launch, scale, and support digital investing for tens of millions of end investors. The company provides essential infrastructure and a comprehensive ecosystem of cloud-based products to enable and streamline trading, wealth management, cost basis, tax reporting, and, through its subsidiary Apex Clearing™, custody and clearing. LEARN MORE: https://apexfintechsolutions.com/?utm_source=Risk+Reversal&utm_medium=Podcast&utm_campaign=701PJ00000fnXhaYAE Dan Nathan hosts Dan Niles of Niles Investment…
TRY NOW: Rosenberg Research Free Trial Dan Nathan and Guy Adami welcome David Rosenberg of Rosenberg Research to discuss his new global macro multi-asset ETF, ROSY, built from his conviction-based model portfolio and launched with Corton Capital, with plans to list in the U.S. in Q1, and preview his upcoming October book, “Bear In The Bull Ring.” The conversation then turns to Fed Chair Kevin Warsh’s 25 bp rate hike and hawkish messaging, which Rosenberg argues misreads economic trends and overstates labor-market strength amid slowing wage growth and weak year-over-year momentum in jobs,…
Checkout the WAWD Substack: https://whatarewedoingonthedesk.substack.com/ Watch Danny's Interview with Cameron Dawson: https://www.youtube.com/watch?v=zh-wizTNeC0 Guy hosts Danny Moses on the RiskReversal Podcast, recorded on September 11, and they discuss Japan as an epicenter for global markets as the Bank of Japan is expected to raise rates, highlighting Japan’s ability to sell over $1.2 trillion in US Treasuries and the implications for US yields amid $40 trillion in debt, a $2 trillion deficit, and heavy near-term refinancing needs. They argue oil is inflationary but not the sole…
Dan Nathan is joined by Gene Munster, Managing Partner at Deepwater Asset Management, for a deep dive into Apple's foldable iPhone Duo launch and what it means for AAPL — plus a broader tour through the week's biggest tech and AI stories: Meta's new agentic AI product Muse, Google's Gemini momentum, Tesla's Cyber Cab and what it means for Uber, and the AI safety debate sparked by a departing Anthropic researcher's warning. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media The financial opinions expressed in Risk Reversal…
Watch MRKT Call on our YouTube Channel: https://www.youtube.com/riskreversalmedia SUBSCRIBE to our newsletter: http://riskreversal.substack.com/ Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Wednesday, September 9th. Articles Mentioned Checkout Rosenberg Research Checkout The Boock Report Bessent Dares Traders to Bet Against Yen: ‘I Am the House Now’ (Bloomberg) States That Gave Data Centers Billions in Tax Breaks Are Now Ripping Up the Deals (WSJ) Google, Blackstone Venture Faces Delays at Data-Center Sites (Bloomberg)…
Dan Nathan and Guy Adami break down a wild week of macro data and single-stock news heading into the Fed's September meeting. They dig into the surprisingly strong August jobs report and what it means for a Fed already boxed in by political pressure on Kevin Warsh, why the VIX sitting near 14 might be dangerous complacency, and why the bond market's reaction to a potential rate hike could be totally counterintuitive. They also cover the yen intervention, the structural case for energy stocks amid the Iran conflict, and Dan's argument for why the U.S. isn't as "energy independent" as the…
Go checkout The Dick & Paul Show on YouTube Dan Nathan interviews Paul Kedrosky about the AI-driven surge in non-residential fixed investment and why today’s data-center buildout resembles prior overbuild cycles like railroads and fiber. Kedrosky argues the current moment is unusually risky because it combines technology hype, loose credit, government-policy urgency, and real-estate speculation (including “powered land/shells”), with more hyperscaler data-center spend now externally financed. He discusses Nvidia’s growing role as a potential single point of failure via ecosystem financing,…
Dan Nathan interviews Phill Rosen, CEO/CTO and co-founder of Astraeus, an AI infrastructure company for wealth management. Rosen recounts his path from college dropout to fintech builder, including Orchard Platform and Even Financial (later MoneyLion Engine), explaining how API-embedded distribution and machine-learning signals improved lending decisioning while navigating regulatory explainability. He argues many “AI companies” mainly deploy or fine-tune others’ models and that value often lies in data pipelines, governance, and deterministic software around AI. Rosen describes Astreus…
Guy Adami and Dan Nathan open by recounting a fan’s Guy-themed T-shirt sighting on CNBC’s Fast Money, then discuss Fed Chair Kevin Warsh’s Jackson Hole remarks as largely status quo, with the S&P 500 near all-time highs and the VIX around 14 despite potential catalysts like the August jobs report. They argue markets appear complacent ahead of midterms and cite historical midterm drawdowns, while noting election-related tensions, Canada trade friction, and Russia/NATO risks as possible volatility drivers. The hosts highlight a widening disconnect between strong equities and weakening consumer…
This episode is sponsored by Fidelity Investments and the all-new Fidelity Trader+ platform. Try Fidelity’s most powerful trading experience yet: https://www.fidelity.com/investing/trading-platforms Fidelity Investments and Risk Reversal are not affiliated. Views, opinions, products, services, and strategies discussed are not endorsed or promoted by Fidelity Investments. Fidelity products or services discussed are offered by Fidelity Brokerage Services LLC, Member NYSE, SIPC. The trademarks and service marks appearing herein are the property of their respective owners. Dan Nathan sits down…
Dan Nathan sits down with Matt Turck, Managing Director at First Mark Capital and creator of the annual MAD (Machine Learning, AI & Data) Landscape, for a wide-ranging look at where AI investing stands right now. They cover the power-law dynamics driving venture dollars to a handful of companies, why Nvidia is starting to look like "the bank" of the AI industry, Anthropic's surge past $65 billion in revenue and its first profitable quarter, and how OpenAI, Microsoft, Google, and Meta are each positioning for what comes next. The conversation turns philosophical with a discussion of AGI,…
Danny Nathan and Danny Moses discuss recent Treasury Secretary Bessent comments and plans to increase long-dated Treasury buybacks, arguing the amounts are largely signaling, yields quickly reverted, and the move effectively constrains Fed Chair Warsh ahead of Jackson Hole and a potential September hike. They connect rising yields, debt/deficits, inflation pressures, dollar/yen dynamics, and Bank of Japan policy to higher market volatility, tighter funding conditions, and renewed interest in gold, while noting capital may favor high-grade corporates over Treasuries. They review Walmart’s…
WATCH 'The Dick & Paul Show' on YouTube: https://youtu.be/LtLBhBp5T40 This episode is sponsored by Fidelity Investments and the all-new Fidelity Trader+ platform. Try Fidelity’s most powerful trading experience yet: https://Fidelity.com/TraderPlus Fidelity Investments and MRKT Call are not affiliated. Views, opinions, products, services, and strategies discussed are not endorsed or promoted by Fidelity Investments. Fidelity Brokerage Services LLC, Member NYSE, SIPC. Dan Nathan sits down with Paul Costolo, former CEO of Twitter and current VC. They start with Dick's early comedy days (Second…
Dan Nathan hosts FirstMark Capital partner David Waltcher at the firm’s HQ to discuss Waltcher ’s path from an Accel internship to investing in enterprise software, security, and AI. They compare the consumer-to-SaaS shift, the post-2021 “SaaSpocalypse,” and how public markets can overreact to AI narratives, using Salesforce as a system-of-record case study. Waltcher argues many incumbents will prove durable due to switching costs, ecosystems, and trust, while M&A is accelerating amid volatile publics, strong buyers, and fast-growing AI businesses, citing deals like Stripe–OpenRouter and…
Learn more about Astraeus Wealth Management: http://astraeuswealth.com/partner-with-us Checkout The Boock Report: https://boockreport.com/about/ Dan Nathan and Guy Adami are joined by Peter Boockvar, CIO at OnePoint BFG Wealth Partners, to unpack recent inflation data and why yields remain resilient, with the curve steepening as the two-year dips while the 10-year holds around 4.65%. Boockvar argues the Fed must weigh PPI alongside CPI, noting persistent producer pressures and limited pass-through that squeezes margins and hiring, contributing to weak consumer confidence and “running to…
Checkout the WAWD Substack: https://whatarewedoingonthedesk.substack.com/ Dan Nathan welcomes Vincent Daniel, partner at Seawolf Capital and one of the investors who called the 2008 housing crash, for a deep dive into where markets stand heading into year-end. They break down new Fed chair nominee Kevin Warsh's "immaculate economy" problem, why passive fund flows are quietly the most powerful force in the market, and the hedge-fund blowup that briefly rattled the S&P. From there, Dan and Vincent get into the real meat of the episode: the new wave of GPU-backed financing deals from Nvidia,…
Click the link http://kalshi.com/r/MOSES or download the Kalshi App and use code MOSES to sign up and trade today! Checkout WAWD on Substack: https://whatarewedoingonthedesk.substack.com/OTT Sonali joins the podcast on the one-year anniversary of moving from Bloomberg to iCapital, discussing her media series “The Bridge” and iCapital’s reach across wealth and asset managers. The conversation centers on AI economics, especially how declining token costs shift value along the “AI food chain,” with hyperscalers capturing a large share while software and enterprises benefit as costs fall, and…
Dan Nathan and Guy Adami dig into the biggest story in markets: Nvidia's roundtable with Wall Street's top financiers — Jensen Huang, David Solomon, Jon Gray, and Stephen Schwarzman — and the multi-hundred-billion-dollar backstop deal getting compared to a modern-day CDO. Dan lays out why he thinks this AI CapEx build could make the dot-com bust and the GFC look tame, walks through Nvidia's doubling credit default swaps, and answers a listener question on exactly what would signal the bubble has popped. Plus: the cautionary tale of The Trade Desk's collapse from $140 to $14, why valuations…
Learn more about Astraeus Wealth Management: http://astraeuswealth.com/partner-with-us Guy Adami speaks with Jim Swartwout, CEO of Prosperum Fintech Holdings about Swartwout's four-decade career across Schwab, Fidelity, E-Trade, TradeMonster, Scottrade, Robinhood, and more, and what it reveals about the evolution of retail investing. Swartwout argues retail is in a “golden age” driven by better data, tools, fractional trading, extended-hours markets, and lower costs, and says payment for order flow is not a meaningful issue at current levels. They discuss social-media-driven concentration…
This episode is sponsored by Fidelity Investments and the all-new Fidelity Trader+ platform.Try Fidelity’s most powerful trading experience yet: https://www.fidelity.com/trading/trading-platforms?immid=100734&imm_pid=428905629&imm_aid=a&dfid=&buf=99999999 Views, opinions, products, services, and strategies discussed are notendorsed or promoted by Fidelity Investments. Fidelity BrokerageServices LLC, Member NYSE, SIPCApex Fintech Solutions provides the tools and services that enable hundreds of clients to launch, scale, and support digital investing for tens of millions of end investors. The…
Click the link http://kalshi.com/r/MOSES or download the Kalshi App and use code MOSES to sign up and trade today! Checkout WAWD on Substack: https://whatarewedoingonthedesk.substack.com/OTT On this week's podcast, Danny Moses speaks with Nicole Kagan, head of research at Kalshi, about her path from Bridgewater to Oxford and then to Kalshi to help build the contract-writing and research functions. Kagan explains how Kalshi sources market ideas internally, from partners, and from users, then evaluates whether a contract is objective, economically justified, and resolvable, often reusing…
Dan Nathan hosts Amish Jani, co-founder and partner at FirstMark Capital, to discuss his tech investing career and why AI represents the fastest, largest technological sea change he has seen. Jani argues historical comparisons break down as markets and capital needs have scaled, and that gen AI’s apparent “intelligence” has surprised even early researchers. They debate token optimization, enterprise adoption timelines, and whether model routing, open source, and alternative chips will reshape demand without collapsing frontier-model growth. The conversation explores the massive, debt-fueled…
About 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…
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