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
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Twitter: @RiskReversal
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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.
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David Rosenberg: The AI "Mania" Is More Extreme Than 1999
Épisode 318
vendredi 16 octobre 2026 • Durée 01:14:04
Checkout David's Book: https://www.amazon.com/dp/1997701774?lv=shuf&channelId=500&plpRedirect=mhFallback
Checkout Rosenberg Research: https://www.rosenbergresearch.com
Subscribe to our Substack: http://riskreversal.substack.com
On the RiskReversal Podcast, Dan Nathan interviews David Rosenberg (aka Rosie) about the CPI report, Fed policy, and what Rosenberg views as an AI-driven market “mania” and one-trick-pony economy. Rosenberg says the latest core CPI print is disappointing but argues inflation is being driven largely by energy-related supply shocks, with weakening real wages, slowing real spending, cracking housing, stable money growth, and range-bound inflation expectations. He warns the Fed’s hawkish pivot risks a consumer-led recession, and highlights extreme market concentration, deteriorating breadth, negative equity risk premium, and heavy household equity exposure as signs of fragility reminiscent of 1999. The conversation also covers AI capex crowding out broader investment, cracks in credit-sensitive sectors, and Rosenberg’s new book, Bear in the Bull Ring, whose proceeds he donates to charity.
—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.
Deirdre Bosa: The AI Model Race Is Over. It’s a Product War Now
Épisode 317
mercredi 14 octobre 2026 • Durée 33:16
Dan Nathan welcomes Deirdre Bosa to the Okay, Computer podcast to discuss her upcoming daily Yahoo Finance show, “Deirdre Bosa Live,” launching November 9 and airing weekdays 1–2 PM PT. They dig into how Microsoft has shifted Copilot toward a model-agnostic approach—routing tasks to the most cost-effective models amid open-source commoditization—while also launching its Maia 300 custom AI chip to manage supply and spending uncertainty. The conversation touches on Meta’s product-driven resurgence, enterprise adoption dynamics, and investor concerns about AI infrastructure capex and debt. They compare emerging personal AI assistants (Muse, Instinct, and OpenAI “Dot”), emphasizing utility, branding, and trust/security as prerequisites for broader adoption, with Apple and identity layers like 1Password seen as potential catalysts. They close on China’s low-cost, high-volume token usage pressuring global pricing and shaping open-source competition.
—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.
Shaking The Leaves Off The Money Tree | Investopedia x RiskReversal
mardi 13 octobre 2026 • Durée 48:57
CHECKOUT CALEB'S SUBSTACK: investopedia.substack.com/t/caleb-silvers-signal
It’s the most critical week of the year as investors face a wave of earnings reports and the latest inflation reading with bond yields and oil prices pushing higher. Risk Reversal’s Dan Nathan drops in with what to watch and listen for as the stock market inches higher on weak breadth and hopes that there are still leaves on the money tree for the AI buildout. Plus, the bull market turns four this week and history teaches us that they’ve been running longer and stronger in recent history, but the older they get, the harder the gains. And, the new price tag on the “American Dream,” tops $5.3 million, but most households are trapped in an under-funded reality.
—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.
If Not Now, Then When Will These AI Companies Go Public?
Épisode 316
lundi 12 octobre 2026 • Durée 38:08
Dan Nathan and Guy Adami reunite to preview the week, focusing on two late-week tech stories: a Nikkei report that Apple may have cut iPhone 18/18 Pro component orders, and market volatility sparked by questions around OpenAI’s revenue figures, including debate over annual run-rate calculations and implications for AI-linked stocks and “NeoCloud” customers. They discuss a macro backdrop of a 10-year yield around 5.24%, a firm dollar, subdued VIX, and sticky crude near $91 amid heightened Middle East tensions and election-related timing concerns. The pair critique Treasury Secretary Scott Bessent’s approach as yields rise despite policy aims, and debate what could bring rates down. They also discuss AI build-out financing, pulled IPOs, and upcoming CPI/PPI plus major bank earnings, emphasizing guidance, consumer delinquencies, and potential volatility into the midterms.
Show Notes
Inside Bessent’s Treasury: Tension, Turnover and Unmet Economic Goals (WSJ)
Bessent rips Wall Street Journal after report on ‘tension, turnover’ (The Hill)
Exclusive: Apple cuts iPhone 18 Pro orders due to soft demand (Nikkei)
OpenAI annualised revenues $20bn less than previously signalled (FT)
AI agents could cost banks $500bn — by winning savers better rates (FT)
—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.
Bond Market Dominoes: The Path to 6% Rates with Peter Boockvar
Épisode 315
vendredi 9 octobre 2026 • Durée 44:24
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 and Peter Boockvar discuss why longer-term yields are rising globally, arguing the bond market is increasingly setting the cost of capital as investors push back on excessive debts and deficits, highlighted by France’s fiscal issues with spillovers across Europe and relevance to the U.S. They debate whether Fed rate hikes can address inflation tied to AI-driven data center construction and supply constraints, while noting hyperscalers may issue up to $500 billion of debt to fund massive CapEx. They review credit-market stress, including triple-C spreads above 1,000 bps and refinancing shocks versus 2021-era borrowing. The conversation shifts to AI agents, potential monetization, and disruption risks to search, e-commerce, and banking. They cover weak market breadth, elevated oil amid Middle East conflict dynamics, and preview key themes for upcoming bank earnings, including deposit costs, loan demand, and consumer resilience.
Show Notes
On The Tape with R.P. Eddy (YouTube)
The Latest Viral AI Assistant Rocketing Across Silicon Valley (WSJ)
SpaceX looks to raise $40bn to buy Nvidia chips (FT)
AI agents could cost banks $500bn — by winning savers better rates (FT)
—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.
Trading From The Short Side with Danny Moses, Vincent Daniel & Porter Collins
mercredi 7 octobre 2026 • Durée 49:11
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 options is a decent alternative at times to trading stocks. Vinnie is right that most of the time the option market makers win (i.e. Ken Griffin). They hit a few single names like Fair Isaac (FICO), Carvana (CVNA), Tesla (TSLA), Upstart (UPST) Circle (CRCL) and Goldman Sachs (GS). They also discuss why owning gold as a way to express the debasement trade may beat trying to short the S&P 500. The session wraps with audience questions on meme stocks, stop losses and finding shorts in a market that only seems to go up.
—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.
Consumers Feel Awful But Keep Spending with Mastercard's Chief Economist Michelle Meyer
Épisode 314
lundi 5 octobre 2026 • Durée 28:21
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 forecast for 5.5% holiday spending growth (excluding autos and gas), the strongest in four years, and how much of that is real volume versus inflation. They also discuss why real wages are sitting right on the line and why diesel prices are worth watching. Michelle shares new research showing that AI power users shop across more merchants and start their holiday buying earlier. The conversation closes with what to watch in the labor market and a preview of Mastercard's 2027 outlook, coming in early December. Michelle's holiday forecast report is linked in the show notes.
Show Notes
Holiday 2026: AI assists and last-minute lists (MasterCard Economics Institute)
—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.
Record Highs, 5% Yields... Something Has To Give w/ “The Big Short” Crew & Robinhood’s Steph Guild
Épisode 313
vendredi 2 octobre 2026 • Durée 47:29
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, opportunities in Latin America ahead of Brazil's election, the debasement trade in gold and Bitcoin, and whether AI will ultimately create or destroy jobs. The episode closes with audience questions on agent trading, cybersecurity risk and AI's impact on healthcare.
—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.
Anthony Scaramucci at Hunt & Fish Club Restaurant | Standing Table Podcast Episode #1
lundi 28 septembre 2026 • Durée 23:58
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
02:30 – Childhood, family values & early influences
04:47 – Career start: Goldman Sachs & lessons learned
05:30 – Inflation, debt & the state of the economy
08:24 – Wealth gap & what’s broken in America
11:24 – Culture, mentorship & paying it forward
16:15 – Bitcoin, money & the future of finance
21:10 – Politics, life lessons & gratitude
—
FOLLOW US
Instagram: https://www.instagram.com/riskreversalmedia/
Twitter: https://x.com/riskreversal
LinkedIn: https://www.linkedin.com/company/riskreversalmedia/
Standing Table is made possible through our continued partnership with Apex Fintech Solutions.
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.
For more information, visit the Apex Fintech Solutions website: https://apexfintechsolutions.com/
LinkedIn: https://www.linkedin.com/company/apex-fintech/
SUBSCRIBE:
RiskReversal Pod for more from Guy and Dan: https://apple.co/3RzvgpD
RiskReversal Media channel for more episodes and content: https://www.youtube.com/channel/UCRAOycPjsSgcEyQcuJD_ENA
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.
Rick Heitzmann at Manhatta | Standing Table Podcast Episode #2
lundi 28 septembre 2026 • Durée 21:06
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.
Timecodes:
00:00 – Cold open: The Vilification of AI
01:08 – Meet Rick Heitzmann
03:18 - Philly Sports Fan Turned Yankees Owner
05:02 - How Rick Got Into Yankees Ownership
06:00 - Spotting Trends Early: DraftKings, Airbnb & Pinterest
07:50 - Sports Betting, Prediction Markets & Integrity in Sports
09:40 - Danny Meyer, Hospitality & NYC Restaurant Culture
11:27 - Why the Restaurant Business Is So Tough Right Now
12:46 - AI, Digital Health & The Future of Healthcare
15:45 - The Explosion of Women’s Sports & Sports Merch Culture
18:02 - The Great Jersey Debate: Should Adults Wear Them?
—
FOLLOW US
Instagram: riskreversalmedia
Twitter: https://x.com/riskreversal
LinkedIn: riskreversalmedia
#investing #stocks #stockmarket #ApexFintechSolutions
Standing Table is made possible through our continued partnership with Apex Fintech Solutions.
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.
For more information, visit the Apex Fintech Solutions website: https://apexfintechsolutions.com/
LinkedIn: apex-fintech
SUBSCRIBE:
RiskReversal Pod for more from Guy and Dan: https://apple.co/3RzvgpD
RiskReversal Media channel for more episodes and content: / @riskreversalmedia
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.