Today’s On The Tape is Presented by CME Group, iConnections and SoFi

Bearish American Idiots with Dan Greenhaus of Solus Alternative Asset Management

Dan Greenhaus, Chief Strategist at Solus Alternative Asset Management, joins Dan Nathan, Guy Adami, and Danny Moses this week to give his 2024 stock market outlook.

Topic Timecodes:
Dan’s bullish 2023 call (4:00); What matters more to the Fed: PCE vs CPI (7:00); The yield curve (11:15); Making stock market predictions (15:30); Energy (23:00); Bitcoin ETF approval (32:00); Coinbase (34:00); After Big Tesla Bet, Hertz Selling One-Third of EV Fleet (38:15); The Labor Market (47:00); Calstrs CIO Stepping Down & Private Credit (49:40); Danny’s NFL Picks (53:30)

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WHAT WE’RE READING

• US Two-Year Yield Hits Lowest Since May After PPI (Bloomberg)

• Some market ‘digestion’ at start of year ‘not the worst thing’, says Solus’ Dan Greenhaus (CNBC)

• Alphabet Union Says Google Laid Off More Than 1,000 Employees (The Information)

• Tesla to Halt Production in Germany as Red Sea Conflict Hits Supply Chains (WSJ)

• Red Sea Shipping Crisis Could Reignite Inflation, Warns Tesco (Bloomberg)

• JPMorgan Just Made More Annual Profit Than Any US Bank Ever (Bloomberg)

• Earnings estimates on these names slated to report next week have recently been moving higher (CNBC)

• Calstrs CIO Who Runs $318 Billion Pension Is Stepping Down (Bloomberg)

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