RiskReversal Pod

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, incomes, and industrial production. He contends inflation is primarily an oil-driven supply shock and that the Fed’s focus on “relative prices” implies tightening that could force deflation elsewhere and trigger recession, prompting him to raise cash and de-risk. Rosenberg also warns of extreme valuations, concentration and correlation risk tied to AI/tech, and credit-market stress including rising private-credit defaults.

—FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: 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 communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

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 driver, citing AI CapEx, tariffs, and rising business costs, with wage growth lagging inflation and consumer stress showing up in delinquencies and weak performance in stocks like homebuilders and American Express. Moses critiques Treasury Secretary Bessent’s “I am the house” stance and discusses gold’s strength, European gold repatriation, and the idea of marking US gold to market. They also cover bullish energy themes, including refiners and LNG name Golar, and end with updates on Danny's Substack and some NFL bets.

—FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: 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 communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

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 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 communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

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)⁠

Anthropic Researcher Quits Over ‘Out-of-Control’ AI Fears ⁠(WSJ)⁠

Chewy Stock Tumbles as Sales Guidance Not Enough to Outweigh Mundane Earnings ⁠(Barrons)⁠

Iran Signals Readiness to Escalate Fight in Face of Rising U.S. Pressure ⁠(NYT)⁠

—FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: 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 communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

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 trade-war rhetoric suggests. Plus: Tesla's Cybercab event falls flat, Apple heads into its biggest product week in years, and Meta's $17 billion settlement gets called out as an embarrassment next to Big Tobacco's 1998 payout. They close with a reminder to check out Dan's conversation with Paul Kedrosky.

—FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: 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 communication is not a recommendation or offer to buy, sell or retain any specific investment or service.