| Ticker | Direction | Speaker | Thesis | Time |
|---|---|---|---|---|
| SHORT |
Bobby Lee
Founder, Ballet Crypto |
Traders have a "red line" at $60,000; a drop below this level triggers a cluster of option liquidations. Lee states we are in "bear market territory" despite recent highs. When a key support level ($60k) is tied to massive leverage, breaking it causes a cascade of forced selling (liquidations). This mechanical selling pressure overrides fundamental thesis in the short term, pushing price discovery down to the next major support ($50k or $40k). SHORT / AVOID in the short term. Wait for the "flush" to $40k-$50k to re-enter for long-term holding. Unexpected spot ETF inflows or a dovish Fed surprise could squeeze shorts before the liquidation cascade occurs. | 79:11 | |
| SHORT |
Ronojoy Mazumdar
Bloomberg Asia Equities Reporter |
The Reserve Bank of India (RBI) is tightening rules on loans taken by firms for proprietary trading and leverage offered to clients. These brokerages rely on cheap credit to fund margin trading facilities (a key revenue driver). Tighter rules mean higher cost of capital. Higher costs compress net interest margins and reduce trading volumes as leverage becomes more expensive for clients. SHORT. The structural change in funding costs impairs the earnings model for high-leverage brokerages. If the brokerages can pass costs to clients without losing volume, or if the market shrugs off the regulatory tightening. | 41:18 | |
| LONG |
Mitul Kotecha
Head of FX & EM Macro Strategy, Barclays |
EM currency volatility has been below DM volatility for nearly 200 days. Inflows are hitting local currency bond markets. In a "yield-starved" world where the Fed is slow to cut, investors seek carry. Latin American currencies offer high carry (high interest rates) combined with historically low volatility, creating a superior risk-adjusted return compared to low-carry Asian currencies. LONG High Carry EM (LatAm) vs. Low Carry DM. A sudden spike in the US Dollar or a global risk-off event would spike volatility and unwind the carry trade rapidly. | 62:34 | |
| WATCH |
Paul Allen
Reporter, Bloomberg |
Warner Bros. Discovery is reportedly considering reopening sales talks with Paramount to potentially topple a deal with Netflix. If WBD enters a bidding war or strategic merger talk, it introduces volatility and potential arbitrage premiums for Paramount shareholders, while potentially weighing on WBD's balance sheet sentiment. WATCH for deal confirmation. Regulatory hurdles for consolidation in the media space are high; deal talks may fall apart. | 93:34 | |
| NEUTRAL | Unnamed Guest (Head of Mutual Funds) | Indian IT sector earnings are showing only modest single-digit growth, yet valuations are at a premium (20-22x). There is a disconnect between "modest growth" and "premium valuation." The narrative of AI disruption poses a threat to the traditional "seat-based" billing model of these firms. Without an extraordinary resurgence in demand, the multiples are difficult to justify. AVOID. Wait for mean reversion in valuations. If these companies successfully pivot to becoming essential AI-migration partners, sentiment could reverse quickly. | — | |
| LONG |
Jeanny Yu
Bloomberg Equities Reporter |
Despite a broader tech sell-off in China due to Pentagon lists, specific companies like CMOC (mining) and iFlytek (software) are forecasting strong earnings growth (14% to 70%). In a depressed market (China), capital concentrates into the few names showing actual earnings acceleration. These stocks are decoupling from the macro "China gloom" narrative via superior fundamentals. LONG (Selective). Geopolitical sanctions or broader Chinese market liquidity drains could drag down even high-quality names. | — | |
| AVOID |
Paul Allen
Reporter, Bloomberg |
Kraft Heinz reported a net loss and is prioritizing capital preservation. Under Armour cited lower revenue and supply chain difficulties. Both companies are signaling fundamental distress—KHC on the bottom line and UA on the top line/operations. In a market seeking "high quality" growth, these legacy consumer names are becoming "dead money" or value traps. AVOID. Deep value investors might step in if the dividend yields become attractive enough to set a floor. | — |