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ON THIS EPISODE OF ON THE TAPE…

On this episode, Dan Nathan and Liz Young discuss the recent rally, what’s at stake in the Biden-Xi meeting this week, Goldman Sachs, Morgan Stanley Diverge on Fed Rate-Cut Forecasts, consumer sentiment, and sectors Liz would be focused on if the rally continues.

Later, Ali Meli of Monachil Capital Partners joins to chat about his background (32:30), the structure at Monachil (37:00), lessons from the banking crisis (39:30), unrealized losses on bank balance sheets (47:00), the potential for a soft landing (49:00), how to get balance in the economy (53:30), opportunities in the market (59:30), and why the most unstable balance sheet is Federal Reserves (27:30).

What Dan & Guy Are Reading This Week

• X’s Advertiser Problem and ChatGPT’s One-Year Anniversary (Bloomberg)

• U.S. Treasury lobbies for more power to chase crypto crime outside America (CNBC)

• Powell: ‘Premature’ to conclude Fed rate hikes are over or ‘speculate’ when cuts could begin (Yahoo Finance)

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