On What’s Your Assumption, Tony and Nick work through a wild intraday reversal as oil suddenly breaks lower, volatility comes in, and the index tape flips fast. That shift changes everything. What starts as a cautious, choppy session turns into a much better trading environment, with the guys leaning into names like Love, gold, EEM, CRM, Wells Fargo, and MicroStrategy while passing where liquidity just isn’t good enough.
The show’s biggest theme is simple: stay flexible when the market changes character. As crude rolls over and equities catch a bid, trade ideas start getting filled, structures improve, and the conversation shifts from defense to opportunity. It’s a great example of how quickly a headline-driven market can reset — and why nimbleness matters more than having one fixed view.