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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Record Highs, 5% Yields... Something Has To Give w/ “The Big Short” Crew & Robinhood’s Steph Guild
Episode 313
Friday, October 2, 2026 • Duration 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.
Rick Heitzmann at Manhatta | Standing Table Podcast Episode #2
Monday, September 28, 2026 • Duration 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?
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#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.
Anthony Scaramucci at Hunt & Fish Club Restaurant | Standing Table Podcast Episode #1
Monday, September 28, 2026 • Duration 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
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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.
U.S. Bonds Are Trading Like an Emerging Market with Liz Thomas
Episode 312
Monday, September 28, 2026 • Duration 24:57
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 while holding 10-year Treasuries, gold, and commodities—and warns a prolonged war and $90+ oil could push the Fed into hikes that risk recession. They debate gold’s outlook amid technical pressure and reduced central-bank buying, and review banks rolling over as a flatter curve squeezes net interest margins and weaker deal-flow expectations pressure investment banks. They also flag midterm-election volatility, with healthcare favored, and note Tony Robbins appeared on “The Important Part.”
—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.
Jim Chanos & Gary Marcus: Circular AI Financing, The Agentic Economy & Doomsday Scenarios
Episode 311
Friday, September 25, 2026 • Duration 01:33:02
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 discuss AI's build-out technology, economics, and risks. Marcus argues modern LLMs lack durable technical moats, remain unreliable and hallucination-prone, and are becoming commoditized, driving token price wars and challenging profitability for OpenAI/Anthropic; he favors neurosymbolic approaches and warns that “agent” systems are causing serious security incidents, saying OpenAI should be temporarily shut down or put into receivership until fixed. Chanos explains his bearish focus on data centers as capital-intensive, low-return “equipment leasing” businesses being marketed like REITs, with hyperscaler incremental returns declining and credit tightening. They compare the AI cycle to late-1990s TMT, discuss NVIDIA’s unique position versus its customers, highlight IPO/financing as a potential breaking point, and debate regulation, surveillance “dystopia,” and political risks.
—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.
The AI Trying to Replace Your Financial Advisor with Fahad Hassan and David Cusatis
Episode 310
Wednesday, September 23, 2026 • Duration 39:26
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 ordering an Uber mid-dinner, why they think Salesforce and other legacy SaaS tools are becoming obsolete, how Range is regulated by the SEC, and why they think they can become "the JPMorgan of the next 100 years."
Topics discussed: the founding story of Range, AI agents replacing financial advisors, Rai and backdoor Roth conversions, Meta's Muse in action, why legacy software (Salesforce, Notion) is under threat, SEC compliance and trust in AI, and Range's path to disrupting Schwab, Vanguard, and the wealth management industry.
—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 Niles: This Isn't the Top, It's a Speed Bump
Episode 309
Friday, September 18, 2026 • Duration 54:28
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 Management on the Risk Reversal podcast to discuss a rallying market amid a 5% 10-year yield, rising global rates, and negative September seasonality ahead of the midterms. Niles argues AI-driven data-center spending has powered 2024 returns, but warns of risks from Texas’s data-center moratorium, potential political pushback, comments by Altman, Anthropic’s Dario, and Musk about slowing AI, falling model pricing and profitability concerns, and possible compute-reducing architectural shifts; he cites early signs of spend shifting toward cheaper open-source models. They discuss how hiking cycles, deficits, and weak equity risk premium could pressure valuations and unwind carry trades, and compare today’s AI buildout to the dot-com era, where backlogs and circular financing can reverse quickly. Niles sees AI ultimately consolidating to a few winners, favors Anthropic in enterprise, expects Google to reassert leadership due to data and cloud acceleration, views Meta as a dark-horse beneficiary via consumer distribution, explains Microsoft’s advantage through its OpenAI stake and security-focused Copilot, and outlines a bullish 2025 view on Apple driven by a foldable-phone upgrade cycle despite near-term execution risks.
—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.
David Rosenberg: "The Fed Just Made a Policy Mistake"
Episode 308
Thursday, September 17, 2026 • Duration 37:11
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.
Danny Moses: Debt, Gold & the Fed... What's Really Driving Markets?
Episode 307
Monday, September 14, 2026 • Duration 34:35
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.
Gene Munster: iPhone Duo Will Be A Category Killer & Meta Muse Will End The Algo
Episode 306
Friday, September 11, 2026 • Duration 32:36
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.