Watch: 'Big Short' trader Danny Moses warns it's the early stages of earnings cuts and massive layoffs
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Danny Moses, Moses Ventures founder, on market volatility and retail investor trends. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Dan Nathan, Bonawyn Eison and Julie Biel.
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Francisco Gimeno - BC Analyst Are we living the last somehow happy summer weeks before the financial reckoning? This trader says more or less that all signs are, unless something else happens, earning cuts, massive layoffs and more bad news, with a strong recession coming. The narrative seems to be more on the side of a deep long recession, with some, like Musk, being more positive and affirming his long term analysis is that recession, while happening, won't be as long and as strong as many say. So, all possibilities on the table, investors are worried about what to do, and workers, even in big tech companies, worried about the future of their jobs, which seemed so safe not so long ago.