Episode
Bull Markets Die on Euphoria. Are We Finally There?
- Podcast
- RiskReversal Pod
- Published
- Jun 29, 2026
- Duration seconds
- 2591
- Processing state
not_requested- Canonical source
- https://traffic.megaphone.fm/RRM2973791131.mp3
Actions
POST https://stenobird.com/v1/public/podcasts/riskreversal-pod-1366742/episodes/bull-markets-die-on-euphoria-are-we-finally-there/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/riskreversal-pod-1366742/bull-markets-die-on-euphoria-are-we-finally-there.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Dan Nathan and Guy Adami break down a market caught in the late stages of euphoria. They dig into Micron's record-high run and the broader memory-stock mania—and ask the uncomfortable question of who's actually left to buy at these levels. With hyperscalers rolling over (Microsoft just posted its worst month since 2000) and Palantir cut in half, Dan and Guy debate whether this is a healthy rotation or the churn before the storm. The guys also get into the "it's different this time" debate around memory stocks as a secular vs. cyclical trade, the SpaceX debt losses and OpenAI's delayed IPO, why crude oil is shrugging off real geopolitical risk, a hawkish Kevin Warsh Fed and the jobs report, Bitcoin slipping below 60K, and Nike's earnings ahead of a brutal stretch for the stock. Articles Referenced Bond Traders Stunned as Losses on SpaceX’s New Debt Keep Growing (Bloomberg) How Iran Devastated an American Naval Base—and Caused a U.S. Recalculation (WSJ) —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…