Dan Nathan and Guy Adami are joined by Dan Greenhaus from Solus Alternative Asset Management to discuss the intricacies of the current market trends. The conversation covers a range of topics, including the contentious rally in the S&P 500, the implications of tariffs, and the future of global trade. Greenhaus shares his skepticism about the severity of tariff impacts and delves into the complexities of inflation, interest rates, and the weakening dollar. They also explore the robustness of consumer spending, the housing market's significance, and financial sector performance. A notable discussion on AI's transformative potential and market overvaluation rounds out the episode. The hosts conclude by sharing their views on stock market trajectories and potential economic hurdles in the coming months.

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Dan and Guy discuss the recent announced trade deal with Japan along with earnings to watch out for this week.

After the break, Dan Nathan hosts Mike Walrath, CEO and Chairman of the Board of Yext. They discuss Yext's role at the forefront of digital media evolution, especially in the context of generative AI. Mike shares insights from his entrepreneurial journey, including founding and selling companies to Yahoo and Oracle, and his transition from a private market founder to leading a public company. The conversation covers the challenges and opportunities in digital advertising, the impact of AI on search and answer engines, and future business strategies. Mike also addresses Yext's mission, the effects of fragmentation in search experiences, and how structured data plays a crucial role. The discussion dives into broader market trends, including the browser wars and the potential future disruptions in consumer experiences due to AI.

Guy and Dan break down the latest in markets; from the S&P’s post-CPI grind and Fed speculation to dueling headlines on tech investments and earnings season trends. They tackle calls for Jerome Powell’s resignation, discuss the real story behind big tech and AI infrastructure deals, analyze surprising strength in financials, and debate the road ahead for American Express, Google, and GM amid evolving economic headwinds.

Spot Commodity Index: https://imgur.com/a/vWJ9eHi

Dan Nathan & Guy Adami discuss how retail traders are dealing with risk, market trends, and the importance of making calculated decisions in uncertain environments. Key market data is discussed, including S&P and NASDAQ volatility, retail investor behavior, and trading volumes. The discussion touches on various economic indicators, earnings reports, and perspectives on market complacency, profitability, and potential market tops. The conversation also includes insights on AI's impact on markets, geopolitical influences like tariffs, and the Federal Reserve's role. Market skepticism and the potential dichotomy between bullish rhetoric and underlying risks are examined, along with specific company earnings expectations for firms like GM, Texas Instruments, and Google.

Show Notes

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Dan Nathan welcomes Dan Niles, founder and portfolio manager at Niles Investment Management. They discuss Niles' approach to investment transparency and review his recent mid-year market update. The conversation covers the U.S.-China race in AI technology, macroeconomic trends, and the impact of tariffs. Niles highlights the performance and strategies of major tech companies including Nvidia, Microsoft, and their implications on the market. They also explore the potential overbuild in AI infrastructure and future market corrections. Additionally, Niles provides insights on the significance of macroeconomic indicators like debt-to-GDP ratios and the importance of valuations, emphasizing the interconnectedness of global markets.

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Guy Adami welcomes Michael Saylor, executive chairman and co-founder of MicroStrategy. Saylor shares updates since December, highlighting MicroStrategy's significant Bitcoin investments and the firm’s strategy, owning over 600,000 BTC. The conversation covers key developments including SEC's ETF approvals, fair value accounting, and bank support for crypto custody. Saylor discusses the broader acceptance and enthusiasm for Bitcoin from Wall Street and the current administration, as well as the rise of Bitcoin treasury companies. He outlines the financial strategies his company employs, such as issuing Bitcoin-backed equities and credit instruments, emphasizing the potential benefits of Bitcoin in revitalizing capital markets. The podcast also touches on Saylor's views on the bear case for Bitcoin, the impact of regulatory clarity, and future strategic opportunities in global financial markets.

Dan Nathan and Gene Munster discuss major investment themes in the latest RiskReversal Podcast. They reflect on market conditions from April, evaluating whether the decline in S&P 500 and NASDAQ presented a generational buying opportunity for tech stocks. They discuss the performance of AI-related companies, cloud growth, and CapEx expectations. Gene shares insights on Microsoft, the challenges it faces, and possible market reactions. The conversation also covers Apple's management competence and future AI developments, Tesla's integration with xAI, and its market positioning amidst pricing challenges. Lastly, they touch upon the performance disparities between hardware and software sectors in the AI field.

Guy Adami and Dan Nathan discuss the potential implications of bank earnings, CPI and PPI data, tech earnings, and geopolitical factors such as tariffs and trade rhetoric. They also touch on the impact of recent Fed decisions, interest rates, and the historical context of current market valuations.

Dan and Guy are joined by Stephanie Link, Chief Investment Strategist and Portfolio Manager at Hightower Advisors. They explore topics like consumer spending, delinquency rates, job market stability, and the impact of tariffs on the economy. Stephanie shares her optimistic view on U.S. GDP growth, earnings expectations, and the performance of various sectors including financials, industrials, and consumer discretionary. The conversation also touches upon the implications of deregulation, the role of AI in corporate profitability, and specific stock picks like Boeing, Walmart, and Target. They debate the effects of the weak U.S. dollar and the regulatory environment on big tech companies such as Google and Apple. Throughout the discussion, Stephanie underscores her belief in the resilience of U.S. companies and the importance of focusing on best-in-class stocks.

Dan Nathan hosts Brian Belski, Chief Investment Strategist at BMO Capital Markets, on the Risk Reversal Podcast. The conversation covers a range of topics including Belski's team-focused approach, his updated S&P 500 price target of 6,700, and the factors driving market performance. They discuss key drivers such as the tax bill, trade deals, and the geopolitical climate. Belski highlights his investment strategies, including sector preferences in technology, communication services, consumer discretionary, and financials. He emphasizes the importance of long-term investment and analysis, challenges faced, and the potential for a future bear market. The discussion also touches on value investing, small and mid-cap opportunities, and the impact of macroeconomic policies on markets.