Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.
Speaker 2: Single best idea quick after a crazy day, just to
Speaker 2: give you a window into the sausage making here where,
Speaker 2: of course, hugely advantaged by a team that is trying
Speaker 2: to get us good conversations and trying to keep up
Speaker 2: with the newsflow. The headlines came out, there was one,
Speaker 2: Paul saw it, I missed it. Paul saw it, and
Speaker 2: Paul Sweeney saved us. And then a couple minutes later
Speaker 2: there was more than a few headlines and oil went
Speaker 2: down ten dollars. I don't have anything to do with this.
Speaker 2: I'm in a hermetically sealed room, and they just know
Speaker 2: what to do. The team SI one and all the
Speaker 2: rest of them, and all of a sudden on the
Speaker 2: phone is Patrick Sykes of the University of Cambridge in Istanbul,
Speaker 2: driving all of our midies breaking new coverage. That's the
Speaker 2: advantage we have is to get Patrick Syke's interpretation as
Speaker 2: the news breaks and oil goes down ten dollars, and
Speaker 2: we get lucky, and so much of this, folks is
Speaker 2: get lucky. We get lucky to go to Margaret Brennan
Speaker 2: a CBS to talk about facination, of course, and that's
Speaker 2: out on Bloomberg Radio Sunday after noon. We also got
Speaker 2: lucky that Darryl Kronk joined us with Wills Fargo. He's
Speaker 2: absolutely prodigious in financial mathematics. He's one of my favorite people.
Speaker 2: He wandered into the studio Darryl Krnk on the moment
Speaker 2: at hand, to be candid and direct.
Speaker 3: They don't care that much about this quarter and what's
Speaker 3: actually reported. We know it's going to be good, right.
Speaker 3: The quarter is going to be up thirteen percent on
Speaker 3: Q one. Forward twelve month earnings are going to be
Speaker 3: up seventeen to eighteen percent, which is unheard of. This
Speaker 3: is the sixth straight quarter in a row we've had
Speaker 3: double digital earnings growth. Right, So it's all about forward guidance.
Speaker 3: It's all about what they say out into Q two
Speaker 3: and Q three. That's what's going to separate the winners
Speaker 3: from the losers here as we go. And remember we
Speaker 3: got big banks and financials. Between financials and tech, they're
Speaker 3: forty six percent of the market cap of the SMP,
Speaker 3: so they matter, right. What they do is going to
Speaker 3: drive where we go.
Speaker 2: Daryl Kronk, Wells Fargo. I would mention their folks and
Speaker 2: this is you know, it's not a pro tip, but
Speaker 2: it's really the way people like Darryl Kronk think. He
Speaker 2: studied his vbode at Boston University ages ago. The media
Speaker 2: is very much focused on single statistics, which is fine.
Speaker 2: You know, the earnings come out in this revenue and
Speaker 2: this that and the other thing, or even economic data
Speaker 2: pros comparing contrast, which is the numerator and the denominator.
Speaker 2: In British talk, they look at ratios, or at American
Speaker 2: talk they look at fractions. But I can't say enough
Speaker 2: about in the earnings. Yeah, look at the single points,
Speaker 2: but also look at some of the ratios like return
Speaker 2: on equity and some of the fancier cash flow ratios.
Speaker 2: Is well, Darryl and I were talking thinking about twenty percent,
Speaker 2: nineteen percent, seventeen percent, return on equity. They were not
Speaker 2: in our textbooks years ago. It is a profit juggernaut,
Speaker 2: at least for now. Ammi Woo Silverman was with us.
Speaker 2: She's in derivatives, to say the least in RBC Capital markets,
Speaker 2: and she was brilliant on how you shift from an oops,
Speaker 2: I'm wrong, we're not going down short cover or short
Speaker 2: squeeze out to an OMG, I've got to buy it.
Speaker 2: Here's Amy Woo Silverman right now.
Speaker 1: What we're seeing happening is the beginning of the chase,
Speaker 1: and oftentimes when we get that beginning of the chase,
Speaker 1: that is a secondary effect of it. I think we're
Speaker 1: actually even earlier in terms of the positioning. So it's
Speaker 1: been this spot up volatil the upmarket, you know, which
Speaker 1: is kind of the opposite of what we would expect,
Speaker 1: really big bid to call options. And then I think
Speaker 1: even down the line, we might get the mechanics of
Speaker 1: the gamma squeeze, not the short squeeze, which is why
Speaker 1: I think there is still some continuation to this momentum.
Speaker 2: I have never heard her more optimistic. We bust her
Speaker 2: chops about it all the time. But you know, the
Speaker 2: tag team at RBC Capital Markets of Lori Kelvicina and
Speaker 2: Amy Wi Silverman is exceptionally math focused. The rigidity of
Speaker 2: their mathematics is noted. And all I can say in
Speaker 2: these tumultuous times, We're going to continue to get you
Speaker 2: a cross section of voices as we go down and
Speaker 2: we spring back this spring on podcasts, where at Apple,
Speaker 2: where at Spotify, a YouTube podcasts, its single best idea