Explore every episode of the podcast Full Signal

Warren Pies is the founder of 3Fourteen Research, a leading institutional risk manager and research firm. He joins Phil Rosen on Full Signal to discuss his current portfolio positioning, sector calls, why he's bullish semiconductors and hyperscalers, GPU availability and AI demand, and more.

This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/

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TIMESTAMPS:

0:00 - Overweight equities

3:30 - Tech-heavy market and AI leadership

5:29 - Macro shocks

11:05 - Low correlations and pair trades

13:37 - Semis and broadening trade

17:35 - GPU availability and rental rates

21:22 - Compute indicators flashing bullish

25:08 - Frontier lab ARR

30:08 - Hyperscalers leadership

32:34 - AI CapEx and the Fed

36:38 - What ends the bull run?

40:32 - Favorite sectors

41:46 - 3Fourteen Research

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Nancy Tengler is the CEO and chief investment officer of Laffer Tengler Investments, where she has managed growth, dividend-growth, and value portfolios for three decades. She joins Phil Rosen on Full Signal to discuss why she still sees the AI bull market in its early stages, whether hyperscaler cash burn and rising bond yields are real threats, and her highest-conviction stock picks heading into 2027.

This episode is sponsored by Y'all Street Asset Management: https://www.yallstreetetfs.com/

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Timestamps:

0:00 - State of the AI bull market

2:02 - Why the doomer narrative persists

3:34 - Earnings outpacing stock prices

7:12 - Broadening-out trade stalls

9:20 - Hyperscaler free cash flow concerns

11:39 - Bond yields risk

16:16 - Walmart

17:53 - AMD

19:06 - Quanta Services

20:55 - Tesla

23:33 - CrowdStrike

25:24 - DR Horton

28:12 - Alphabet and Amazon

33:27 - Where to find Nancy's research

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Sonali Basak is the chief investment strategist for iCapital. She joins Phil Rosen on stage at Future Proof for a live episode of Full Signal to discuss the Federal Reserve's first rate hike in 3 years, funding the AI infrastructure buildout, hyperscalers tapping debt markets, and her favorite opportunities in the market right now.

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TIMESTAMPS:

0:00 - First Fed hike in 3 years

3:11 - AI capex fueling growth

5:56 - Financing the AI buildout

9:22 - Treasury vs. Fed in bond market

11:05 - Rising 10-year yield risks

14:57 - Financials & Industrials

17:42 - AI bear case and sell-off

22:14 - What will we be wrong about?

25:34 - Public-to-private VC research

28:29 - iCapital research

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Nick Frasse is a product manager at VanEck, where he works on SMH, the largest US-listed semiconductor ETF with over $70 billion in assets. He joins Phil Rosen on Full Signal to discuss the most credible bear case for chips, why AI demand could make semiconductors less cyclical, the bottlenecks slowing the data center buildout, and why software companies with strong moats will likely hold up against AI.

This episode is sponsored by Y'all Street Asset Management: https://www.yallstreetetfs.com/

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TIMESTAMPS:

0:00 - SMH and semiconductor demand

1:16 - Bear case for chips

5:27 - Semis collaborate, not compete

10:16 - Are semis still cyclical?

13:53 - SMHX and fabless chipmakers

15:32 - Asset-light vs. asset-heavy

16:59 - AI buildout bottlenecks

19:49 - Data centers, robotics, and space

21:25 - Grid-to-rack supply chain

22:51 - Financing the AI buildout

24:41 - Is AI killing software?

27:44 - Hyperscalers turning asset-heavy

29:21 - Robotics

30:52 - Follow Nick and VanEck

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Luke Kawa is a veteran financial writer and analyst, and the markets editor at Sherwood Media. He joins Phil Rosen on Full Signal to unpack whether the Magnificent 7 can lead again, why Apple has become the group's defensive hedge, the great de-rating in chip stocks, and where we actually are in the AI bubble.

This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/

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TIMESTAMPS:

0:00 - Markets at crossroads

3:12 - Can the Mag 7 lead?

5:38 - Mag 7 vs. momentum

8:34 - Apple as a defensive stock

12:57 - Equal weight technicals

14:27 - Industrials vs. US consumer

17:32 - US vs. rest of world

21:46 - The great de-rating in chips

24:26 - Expensive stocks with slow growth

27:04 - Why global growth keeps surprising

30:37 - Where the opportunities are now

34:19 - Are we in an AI bubble?

36:28 - Follow Luke

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Jay Hatfield is the CEO and chief investment officer at Infrastructure Capital Advisors, where he picks stocks and manages a suite of income-focused ETFs. He joins Phil Rosen on Full Signal to discuss his street-high 8,250 S&P 500 target, why he calls the Fed a fatally flawed institution, his highest-conviction stock picks, and his new covered-call strategy.

This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/

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TIMESTAMPS:

0:00 - New S&P 500 target

4:39 - What would break the bull case

5:36 - Core inflation falling

8:31 - Why Fed officials want hikes

11:36 - Kevin Warsh herding the cats

16:06 - Catalysts to fix the Fed

20:32 - Marvell

23:20 - Private credit stock pick

26:07 - Capex debate

29:01 - Lockheed Martin

30:43 - Covered-call fund

33:37 - Beating the NASDAQ

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Andy Goldberg is the chief investment strategist at Nomura Asset Management International (https://nomuraassetmanagement.com/). He joins Phil Rosen on Full Signal to discuss the bull and bear case on the AI boom, whether hyperscaler debt and circular financing are red flags, the three sectors that benefit downstream from AI, and why he'd welcome a Fed rate hike.

This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/

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Timestamps:

0:00 - AI early innings

4:23 - Forward valuations

8:00 - Bearish narratives

10:24 - Hyperscalers turn to debt

12:38 - Owning the AI trade through debt

14:08 - Nvidia and circular financing

18:30 - Cyber risks and data center backlash

20:59 - Healthcare

24:57 - Industrials

27:47 - Financials

32:49 - Rates and the broadening trade

38:13 - How higher rates cap valuations

39:52 - Find Andy's work

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Eric Wallerstein is the chief macro strategist for Clocktower Group, and was previously an advisor to Stephen Miran at the Federal Reserve Board as well as at the White House Council of Economic Advisors. He joins Phil Rosen on Full Signal to discuss the central bank outlook, why he is bullish on the US economy, and three global trade ideas that Wall Street is ignoring right now.

This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/

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Timestamps:

0:00 - Why the Fed shouldn't hike

1:47 - Why markets expect a hike

4:47 - Hawkish dissenters

8:14 - Warsh and Fed credibility

10:02 - Reforming the Fed's balance sheet

14:02 - Reading the bond selloff

18:24 - Tariffs as fiscal impulse

20:46 - France and the debt divergence

23:21 - Why AI capex is bullish US

24:23 - Stocks if the Fed holds

27:19 - Japanese banks

30:07 - Mexico

33:39 - Defense stocks

35:41 - Follow Eric

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Jared Dillian is a Wall Street veteran, the editor of the The Daily Dirtnap, and the author of the new book "The Awesome Portfolio." He joins Phil Rosen on Full Signal to discuss why he's bullish on bonds right now, his version of a perfect portfolio, why he's bearish on the AI trade, and how gold and bitcoin fit into a modern portfolio.

This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/

Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe

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Timestamps:

0:00 - Are we at the top?

2:50 - Bullish on bonds

6:10 - Treasury's bond buyback plan

12:42 - The economy without AI

15:29 - Parallels to the dot-com

17:44 - Costco indicator

20:21 - The Awesome Portfolio

26:26 - Real estate

27:56 - Gold

30:41 - Cash

32:17 - Performance in a crash

38:00 - Where to find Jared

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Jack Raines is the author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." He joins Phil Rosen on Full Signal to discuss why young people should spend more and invest less, the pull of sports betting and prediction markets on Gen Z, how he turned $6,000 into $400,000 trading SPACs, and why housing costs sit underneath most of this generation's anxiety.

This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/

Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe

Follow Phil on X: https://x.com/philrosenn

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TIMESTAMPS:

0:00 - Invest less, spend more

2:44 - Retirement vs. cheap thrills

3:36 - Increase income, not savings

5:49 - Can young people afford anything?

8:33 - Sports betting

11:30 - Prediction markets

12:03 - Stage-specificity of life

18:15 - Boring investing for Gen Z

21:08 - Comparing yourself to outlier winners

23:04 - Status games

26:55 - Trading SPACs

34:23 - Young Money

Bilal Little is a global ETF strategist at Direxion and the host of the ETF Central podcast for the New York Stock Exchange. He joins Phil Rosen on Full Signal to discuss why the market is mispricing the cost of capital, how leveraged and inverse ETFs are actually meant to be traded, and where he sees the most compelling opportunities right now.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - What the market is mispricing2:24 - Macro data vs AI4:41 - Jobs data6:05 - Shift to thematic investing8:30 - Income ETFs11:48 - Leverage15:19 - Risk appetite 17:28 - Building portfolios20:54 - Most compelling opportunities23:03 - Follow Bilal

Jay Jacobs is the US head of equity ETFs at BlackRock. He joins Phil Rosen on Full Signal to discuss the three layers of the AI trade, whether the data center buildout echoes the dot-com overbuild, the physical choke points that could throttle AI, and why healthcare may be the most overlooked way to own the theme.

TIMESTAMPS:

0:00 - Tech valuations declining

2:00 - 3 layers of AI

5:26 - Runway for the physical layer

7:46 - Another dot-com overbuild?

9:17 - Power constraint

11:15 - Indium, an AI choke point

14:52 -Risks in AI portfolios

16:05 - Why thematic funds beat sectors

19:25 - Defense stocks

22:10 - Healthcare

25:17 - Commodities

26:25 - Robotics

27:19 - Bitcoin at BlackRock

30:58 - Highest-conviction themes

32:57 - Why not financials?

33:53 - Follow Jay

Jack Farley is the co-founder of Monetary Matters Network and he recently launched Farley Associated Research, an investment Substack with its own model portfolio. He joins Phil Rosen on Full Signal to discuss why the AI capex boom still has room to run, his highest-conviction semiconductor pick, the case for silver over gold, and the stocks he is shorting right now and his macro outlook through 2027.

This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/

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TIMESTAMPS:

0:00 - Bull market's 5th year?

3:30 - Hyperscaler capex

5:04 - Free cash flow concerns

6:47 - AI pricing power

9:43 - Semiconductor pricing power

11:59 - Favorite sectors

14:02 - Lam Research

18:13 - Could China crash memory?

20:37 - Short ideas

22:09 - Silver bull case

26:11 - Macro risks

27:55 - Jack's model portfolio

28:54 - Texas Pacific Land

30:28 - Sulfur stock idea

32:24 - Korean memory stocks

34:57 - Shorting Meta

35:52 - Follow Jack

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Ryan Detrick is the chief market strategist at Carson Group, where he helps manage more than $8 billion and has kept the firm overweight equities for over three years. He joins Phil Rosen for the 100th episode of Full Signal to discuss his S&P 500 outlook, why banks are breaking out, the sectors he likes best, and the bearish signals no one else is watching.

This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/

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TIMESTAMPS:

0:00 - S&P 500 outlook

3:42 - Seasonality

7:32 - Advance-decline line

9:20 - Financials and banks

11:54 - Cyclicals for the second half

14:44 - Gold, bonds and managed futures

16:25 - Industrials

17:36 - Financials

19:33 - Tech stocks

21:48 - $1 trillion capex debate

23:56 - Secular bull case

24:47 - Europe and Japan

27:03 - The bear case with the US dollar

28:32 - Staples stocks falling

31:43 - Fed outlook

33:27 - 3 contrarian calls

34:55 - Follow Ryan

Kenny Polcari is chief market strategist at SlateStone Wealth, an independent wealth advisor. He joins Phil Rosen on Full Signal to discuss why he thinks the AI cycle is still early, the risk of circular dealmaking, how the Iran conflict runs from oil to stock valuations, and the specific stocks he owns right now.

This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/

Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe

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Timestamps:

0:00 - Early innings of AI

2:26 - Circular AI economy

7:23 - $5 trillion ROI question

8:22 - Iran, oil and inflation

14:34 - What clients are worried about

15:34 - September weakness

17:59 - What would break the bull case

18:52 - What pushes yields higher

20:02 - Favorite sectors and names

21:30 - Cybersecurity

22:56 - JPMorgan

26:10 - Microsoft

28:55 - Verizon

30:34 - ASML

31:47 - NVDA

33:28 - Follow Kenny

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Bob Elliott is the CEO and chief investment officer of Unlimited Funds, where he deploys hedge fund strategies into low-cost ETFs. He also authors the Nonconsensus Substack. He joins Phil Rosen on Full Signal to discuss why AI earnings expectations are detached from macro reality, the gap between $5 trillion of capex and $150 billion of AI revenue, how households are propping up corporate margins, and where he sees value beyond the AI trade.

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TIMESTAMPS

0:00 - Market as house of cards

4:57 - Where is the AI productivity?

6:26 - Wall Street's backwards math

8:34 - $5 trillion capex

10:54 - Why earnings still look strong

13:31 - Circular deals

15:32 - AI's real economy problem

19:02 - Rotation out of tech

21:03 - AI capex is 2% of GDP

24:45 - Kalecki equation

26:06 - Chip demand

28:28 - Investing beyond AI

31:59 - TIPS

33:10 - Gold

38:28 - Leverage

40:16 - Unlimited's hedge fund ETFs

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Josh Schafer is an investment writer for Barron's, where he writes the Searching for Signals newsletter on Substack. He joins Phil Rosen on Full Signal to discuss the historic run in S&P 500 earnings revisions, Alphabet and Amazon going free cash flow negative, risks to Meta, and a handful of his favorite under-the-radar stock picks.

Subscribe to Josh Schafer's investing newsletter: https://searchingforsignals.substack.com/

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Timestamps:

0:00 - Historic earnings

3:33 - Expectations too high?

6:20 - Alphabet and Amazon burning cash

11:08 - Rotation into hyperscalers

12:00 - Meta looks bearish

15:11 - Picking software stocks

17:00 - Cybersecurity

17:59 - SpaceX supplier stock

20:09 - AI publishing and licensing stock

21:31 - Movie theater comeback stock

26:56 - Searching for Signals

#podcast #investing #markets #macro #stocks #bitcoin #fed

Steve Sosnick is the chief strategist at Interactive Brokers, where he has spent three decades since the firm's options market-making days. He joins Phil Rosen on Full Signal to discuss the liquidity drain lurking beneath record highs, whether the massive AI capex bet pays off, value stocks crushing growth, his favorite sectors right now, and what the VIX is signaling.

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Timestamps:

0:00 - New highs, new risks

5:26 - Fundamentals vs. exuberance

6:58 - Hyperscalers are back

10:21 - Momentum, FOMO, and technicals

13:10 - ROI on AI capex

17:05 - AI ecosystem trade

19:35 - Value vs. growth stocks

24:06 - Healthcare and industrials

27:57 - VIX isn't a fear gauge

29:27 - Correlation and dispersion

32:36 - Stock picker's market

34:41 - Follow Steve

#podcast #investing #markets #macro #stocks #bitcoin #fed

Lou Basenese is a veteran market strategist and the founder of The Big Skinny. He joins Phil Rosen on Full Signal to discuss Magnificent 7 free cash flow, why Amazon and Eli Lilly look compelling, under-the-radar biotech stock picks and a tactical trade on oil refiners.

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Timestamps:

0:00 - Mag 7 free cash flow

1:06 - Amazon fundamentals

2:50 - Is Apple too expensive?

4:33 - Biotech stock picks

6:11 - Eli Lilly

8:21 - Big Pharma's acquisition spree

10:36 - Viking Therapeutics

12:36 - GLP-1s go mainstream

17:11 - Nvidia and Google

18:06 - Coya Therapeutics

20:17 - Refiner trade

24:53 - Follow Lou[5:00 PM]

#podcast #investing #tech #markets #macro #stocks #bitcoin #fed

Todd Sohn is the chief ETF strategist at Strategas Asset Management. He joins Phil Rosen to discuss the semiconductor bear market, his three favorite sectors in the market right now, the rise of leveraged products, and comparisons to dot-com bubble.

Today's episode is sponsored by Direxion: https://shorturl.at/EBirr 

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Timestamps:

0:00 - Semi sell off

1:21 - Nobody throwing in the towel

3:01 - Is this time different?

4:14 - Leveraged ETFs

10:20 - Beta vs. volatility

12:10 - Equal weight beating cap weight

13:30 - Low volatility ETFs

16:49 - Why diversification matters again

18:22 - Where we are in AI cycle

20:14 - Trump as a wildcard

22:06 - What stops dip buying?

24:11 - Healthcare

26:19 - Energy

29:02 - Financials

33:19 - Small caps

35:57 - Follow Todd

#podcast #investing #markets #macro #stocks #bitcoin #tech #fed

Anthony Pompliano is the CEO of ProCap Financial, the public company behind the AI personal finance product CFO Silvia. He joins Phil Rosen on Full Signal to discuss the outlook for frontier AI models, Chinese open-source models, bitcoin as the pair trade to abundant intelligence, and running a company with a stock that's down 80%.

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Timestamps:

0:00 - AI fat model thesis

2:34 - US vs. Chinese AI models

5:24 - AI economics and costs

7:17 - DeepSeek and the price war

9:24 - Bitcoin as an AI play

11:38 - Why AI is deflationary

13:11 - Federal Reserve outlook

14:36 - The impossible comeback

20:02 - Specialized vs. general-purpose models

22:27 - CFO Silvia

#podcast #investing #markets #macro #stocks #bitcoin #fed

Michael Gayed is a veteran portfolio manager who runs funds including the Free Markets ETF (FMKT), and is the founder of The Lead-Lag Report. He joins Phil Rosen on Full Signal to discuss why policymakers may crash stocks to save bonds, the Japan carry trade, where the real AI bubble is, and why small caps hold the key to what comes next.

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Timestamps:

0:00 - Crash stocks to save bonds

4:34 - Japan carry trade

7:02 - Oil, yen, and Japan risk

12:05 - Fund positioning

14:51 - AI driving unemployment

17:29 - Capex and the AI bubble

19:33 - Small caps 

23:04 - Rate cut before hike

23:52 - Lumber-to-gold ratio

27:40 - Most credible bull case

30:50 - Favorite sectors

33:09 - Debunking Fear-Greed index

35:59 - Semiconductor and memory trade

37:16 - What we'll be wrong about

38:49 - Eli Lilly and obesity drugs

41:44 - Follow Michael

#podcast #investing #markets #macro #stocks #bitcoin #fed

Sylvia Jablonski is the chief investment officer of Defiance ETFs. She joins Phil Rosen on Full Signal to discuss where capital is flowing in the AI trade, whether quantum computing is still too early to invest in, themes in defense investing, and how leveraged ETFs really work.

Today's episode is sponsored by Direxion: https://shorturl.at/EBirr 

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Timestamps:

0:00 - Hottest sectors to buy

3:13 - Where capital is leaving

4:51 - AI bubble debate

6:45 - Can earnings beat expectations?

7:45 - The next AI trade

11:08 - Too early for quantum?

16:22 - Defense investing

18:10 - Highest-conviction theme

19:52 - When themes run their course

21:17 - Leveraged ETFs

29:30 - Popping the bubble debate

31:17 - Follow Sylvia

#podcast #investing #markets #macro #stocks #bitcoin #fed

Jay Woods is the chief market strategist for Freedom Capital Markets and a CNBC contributor who has spent three decades on the floor of the New York Stock Exchange. He joins Phil Rosen on Full Signal to discuss whether the S&P 500 hits 7,000 or 8,000 first, why price momentum is fading despite blowout earnings, his favorite stocks across biotech and regional banks, and how his strategy for picking winning investments.

Today's episode is sponsored by Direxion: https://shorturl.at/EBirr 

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Timestamps:

0:00 - The S&P 500's next leg

0:58 - Great earnings, weak momentum

6:22 - A bubble in expectations

7:13 - Rotation to boring stocks

8:36 - Retire the Mag 7

12:26 - One tech stock to buy

14:23 - Three biotech stock picks

17:16 - How to pick stocks

19:29 - Top-down sector analysis

21:20 - Regional bank ideas

24:55 - Insurance stocks

29:39 - Summer seasonality

32:12 - Are charts just astrology?

34:45 - Selling access to Trump's posts

39:05 - Follow Jay's work

#podcast #investing #markets #macro #stocks #bitcoin #fed

Jack Farley is a macro expert and the co-founder of the Monetary Matters Network. He joins Phil Rosen on Full Signal to discuss the semiconductor sell-off, the strongest bear case against AI, blowout bank earnings, the specific stocks he's buying right now, and how he'd allocate a $100,000 portfolio today.

Today's episode is sponsored by Direxion: https://shorturl.at/EBirr 

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Timestamps:

0:00 - Semiconductor bear market

1:19 - Leverage unwinding the rally

2:32 - Crowded AI trade

4:13 - Broadcom, Marvell

6:36 - Intel skepticism

8:07 - Michael Burry's bear case

10:44 - AI's subsidized economics

12:40 - Tokenmaxxing

15:05 - AI economics

18:17 - Rotating into software

19:19 - IBM's worst day ever

23:13 - Blowout bank earnings

25:34 - Stablecoins outlook

27:36 - Lam Research

32:16 - Texas Pacific Land

34:51 - S&P Global

37:08 - Building a $100,000 portfolio

44:34 - Follow Jack

#podcast #investing #markets #macro #stocks #bitcoin #fed

Dr. Steve Hou is a veteran quantitative analyst and the head of research at Silicon Data. He joins Phil Rosen on Full Signal to discuss the economics driving the AI boom, compute markets, the pricing power across Nvidia, Anthropic and OpenAI, comparisons to dot-com, and specific stock picks for the next leg of the bull market.

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Timestamps:

0:00 - Compute demand

1:07 - Token expenditure index

9:34 - Subsidized AI tokens

11:10 - GPU rental rates

15:02 - AI basic use cases

17:26 - Who holds AI pricing power

20:12 - Token economics and AI profits

22:53 - Software stocks opportunity

28:13 - Boring quality compounders

33:08 - DeepSeek effect

36:15 - Inside Silicon Data

39:12 - Bubble or baby bubble?

#podcast #investing #markets #macro #stocks #bitcoin #fed

Jessica Inskip is the director of research for StockBrokers.com and a leading financial commentator. She joins Phil Rosen on Full Signal to discuss the AI CapEx boom and earnings outlook, the interconnectivity theme reshaping financial markets, specific stocks she likes right now, trading options for income, and how she would build a new portfolio from scratch today

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Timestamps:

0:00 - Earnings expectations

2:59 - CapEx as recession signal

7:36 - Earnings vs. bubble fears

8:24 - Big Tech getting cheaper

9:40 - 2-year note warnings

12:21 - Contrarian bull case

14:33 - ROI on $1 trillion Capex

16:41 - Interconnectivity theme

20:09 - Robinhood, Circle, Coinbase, ICE

24:12 - Options for income

27:15 - Oracle, Palantir, Micron

28:42 - Building a new portfolio

32:21 - Liquidity blind spot

37:06 - Follow Jess

#podcast #investing #markets #macro #stocks #bitcoin #fed

Julia Hermann is a global market strategist at New York Life Investments, where she helps shape the firm's multi-asset market outlook. She joins Phil Rosen on Full Signal to discuss her contrarian view on the Fed, the memory stock sell-off, parallels between the AI buildout and the dot-com era, and why financials look undervalued right now.

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Timestamps:

0:00 - Geopolitics noise and signal

2:31 - Fed outlook

4:34 - Rate cut odds

6:11 - Memory stocks in bear market

9:07 - Diversification and quality

12:08 - The narrowing path for markets

15:12 - US vs. world

17:35 - Japan carry trade

20:58 - Sell America

23:58 - Dot-com parallels

29:15 - Infrastructure boom framework

34:30 - Bullish financials

37:16 - What consensus gets wrong

39:17 - Julia's research

#podcast #investing #markets #macro #stocks #bitcoin #fed

Michael Green is the chief strategist and portfolio manager at Simplify Asset Management, and authors the Substack called "Yes I give a Fig." He joins Phil Rosen on Full Signal to discuss hidden risks of the AI boom, how passive investing is bidding up the AI bubble, why he's bullish on new technology but cautious on its impact for investors, and more.

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TIMESTAMPS:

0:00 - Caution on AI bull market

2:57 - AI's real value

5:38 - Nvidia's vendor financing

7:47 - The China threat

9:39 - Should investors sit out?

11:29 - Passive investing risks

13:17 - Are stocks actually cheap?

15:57 - 1987 crash parallels

19:17 - Are markets broken?

24:08 - Passive flows and leverage

26:10 - Can regulators step in?

28:21 - Building a new portfolio today

32:09 - Inflation vs. deflation

36:35 - American economic opportunity

42:32 - Mike's new book

#podcast #investing #markets #macro #stocks #bitcoin #fed

Lou Basenese is a veteran market strategist and the founder of The Big Skinny. He joins Phil Rosen on Full Signal to discuss 3 under-the-radar stock picks, buying the dip on chip stocks, and his process for finding biotech and AI investment ideas.

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Timestamps:

0:00 - Buying the dip on chips

2:47 - The AI bear case

4:43 - Trimming profits

5:29 - Crowded trades

6:30 - TeraWulf $WULF

10:59 - Navan $NAVN

12:57 - Gain Therapeutics $GANX

15:19 - Biotech acquisition targets

17:35 - How to find obscure stocks

20:31 - Position sizing

21:44 - Follow Lou

#podcast #investing #markets #macro #stocks #bitcoin #fed

Anthony Scaramucci is the founder and managing partner of SkyBridge Capital, and he has invested across markets for four decades. He joins Phil Rosen on Full Signal to discuss the potential government stake in OpenAI, how big the AI bubble could get, bitcoin's 50% drawdown, and how he would build a $1 million portfolio from scratch.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Government stake in OpenAI2:46 - Anti-AI sentiment6:02 - Is AI a bubble?7:20 - Building a $1 million portfolio9:30 - "Sell America" trade11:52 - Trump's crypto profits14:00 - Bitcoin down 50%17:24 - The bear case for Bitcoin19:23 - Shifting high-conviction views21:36 - Admitting mistakes22:57 - Career advice for AI era

Lauren Cassidy, chief investment officer for Founder ETFs, has spent two decades managing portfolios across firms including Sanford Bernstein and JPMorgan. She joins Phil Rosen on Full Signal to discuss her highest-conviction stock picks, why she is all-in on founder-led public companies, and the software bull case within the AI trade.

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Timestamps:

0:00 - Where are we in the cycle?

2:23 - Long-term AI winners

5:17 - CoreWeave

6:34 - Rubrik

8:44 - Samsara

10:59 - Datadog

12:42 - Selling Viking

13:40 - Clear

16:10 - Overweight software

20:14 - Palantir

24:37 - Oracle

27:43 - Founder outperformance history

30:23 - Follow Lauren

#podcast #investing #markets #macro #stocks #bitcoin #fed

Josh Schafer is an investment writer at Barron's and the author of the "Searching for Signals" newsletter on Substack. He joins Phil Rosen on Full Signal to discuss the most important charts driving the market and a handful of specific, high-conviction stock picks he is most bullish on right now.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - The great rotation

1:58 - Why rate hikes don't crush stocks

4:52 - Mag 7 becomes Lag 7

7:10 - Memory costs

7:41 - AI inflation and Apple

11:04 - Apple's ecosystem moat

14:43 - Okta

17:55 - General Motors

21:36 - Alphabet

23:50 - YouTube, Waymo

25:15 - Microsoft

28:43 - Housing stocks

33:06 - Follow Josh

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Darius Dale is the founder of 42 Macro, a leading investment research firm whose risk-management framework is followed by thousands of investors around the world. He joins Phil Rosen on Full Signal to discuss his KISS portfolio strategy, where we are in the AI market cycle, why Kevin Warsh may be a dove in hawk's clothing, the shift toward a multi-poar macro regime, and rotating out of the Magnificent 7.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - The KISS portfolio framework

3:00 - Stocks, gold, and Bitcoin

6:01 - Where we are in AI cycle

7:45 - Crowded bullish positioning

11:54 - Kevin Warsh and the Fed

15:00 - Investing in new Fed regime

17:49 - Iran conflict

22:47 - Accelerating into multipolar world

27:01 - Treasury market hot potato

28:34 - Going global in equities

30:58 - "Source of Funds" investing theme

38:36 - What he could be wrong on

42:42 - Follow Darius

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Gunjan Banerji is a leading financial reporter at The Wall Street Journal. She joins Phil Rosen on Full Signal to discuss AI versus dot-com bubble comparisons, what options market data is showing, using AI to manage a stock portfolio, and lessons about money and wealth drawn from interviewing billionaires.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - Bubble or healthy correction?

3:53 - Mega-cap IPOs

6:27 - Frothiest corners of the market

7:23 - How to read the options market

8:37 - Speculation in markets

10:01 - Retail as smart money

13:00 - Gambling-obsessed investors

15:14 - AI portfolio manager

19:37 - Sell America trade

22:15 - Lessons from billionaires

28:08 - Follow Gunjan

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Paisley Nardini is a portfolio manager and multi-asset strategist at Simplify Asset Management. She joins Phil Rosen on Full Signal to discuss whether the tech sell-off marks the end of the AI trade, how to build a resilient a portfolio around equities, the most important macro variables for investors, and more.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - Is the AI bubble popping?

2:22 - Kevin Warsh wildcard

4:48 - Portfolios for any cycle

5:44 - Stock-bond correlation

8:49 - Bonds stopped being a hedge

11:45 - Do old valuation metrics still work?

14:27 - Finding cheaper corners of the market

17:23 - AI Hype Over Profits

18:42 - When to take profits on AI trade

22:15 - Hard assets

23:29 - Gold, silver, copper

25:27 - Commodities

26:39 - Building a new $100K Portfolio

30:00 - Bitcoin

30:56 - What we'll be wrong about

31:53 - Find Paisley's work

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Brian Belski is the CEO and chief investment officer at Humilis Investment Strategies, and he has managed money and guided stock-picking strategies for three decades. He joins Phil Rosen to discuss his highest-conviction stock picks, earnings momentum, his strategy for picking small- and mid-cap stocks, and more.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - Near-term catalysts

2:44 - Earnings-driven vs. multiple expansion

3:37 - The 2023 tech rebound

5:08 - Peak earnings?

6:11 - What investors get wrong

8:39 - Market breadth

11:07 - Overweight utilities

14:53 - Dot-com comparisons

19:52 - A stock picker's market

22:14 - Small-cap bull case

27:32 - Acuity

29:03 - FNB

31:24 - Casella Waste Systems

33:40 - How to pick stocks

39:03 -Humilis' new ETF

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Veteran investor Thomas Hayes is the founder of Great Hill Capital, a long-short equity money manager. He joins Phil Rosen on Full Signal to unpack his strategy for picking unpopular stocks with high upside, the rotation out of the AI trade, fading the Magnificent 7, and the specific stocks he is highest-conviction on right now.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - Iran peace deal setup
2:29 - Non-AI stocks to rally
5:48 - Hyperscaler capex problem
7:40 - Not bullish on Mag 7
8:47 - Micron's trap
9:29 - AI demand is fifth inning
11:53 - Price chasing vs. value
14:56 - Staples most hated in decades
18:17 - Top signal for AI?
19:00 - PayPal bull case
28:07 - Etsy bull case
31:44 - Does AI shopping threaten Etsy?
33:03 - How to pick stocks
35:42 - The VF Corp turnaround
42:44 - Contrarian beliefs
46:15 - Follow Tom

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Jordi Visser is a leading AI and macro investor and Wall Street veteran. He joins Phil Rosen on Full Signal to discuss moving off the Magnificent 7, the next leg of the AI trade, buying into bottlenecks, benchmark arbitrage, and his bull thesis for specific stocks.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - Your capex is my opportunity

3:06 - Entering the Physical AI Stage

5:12 - 5-Layer AI Economy

7:06 - Fading the Mag 7

8:52 - Benchmark Arbitrage

11:37 - Signal, Alpha, Agency

16:22 - The bubble argument that holds

17:43 - Selling Micron

22:49 - Are bottleneck trades obvious?

24:19 - Parabolic asset prices

25:46 - Earnings risk

26:10 - Price vs. fundamentals rotation

28:32 - Risks to memory trade

30:44 - Silver bull thesis

31:43 - Marvell

34:20 - Eli Lilly

37:39 - Government Stake in AI

42:52 - Leaving Wall Street

47:39 - Career advice for the AI era

50:45 - Follow Jordi

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Ben Emons is the founder and chief investment officer at FedWatch Advisors. He joins Phil Rosen on Full Signal to discuss stocks he's bullish on for the end of the Iran conflict, the parabolic AI trade, why he likes financial stocks, and the Fed's dilemma.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - Iran peace deal rally

2:16 - The real bear case

2:53 - Kevin Warsh is hawkish

4:07 - Rate cuts vs. balance sheet

6:34 - New Fed regime

10:06 - Fertilizer shortage

12:07 - Parabolic 7

16:13 - When to sell winners

18:05 - Still bullish on Mag 7?

21:05 - Financial stocks

25:36 - Midterms blue sweep

28:53 - Political volatility

29:40 - Follow Ben

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Kai Wu is the founder and CIO of Sparkline Capital. He joins Phil Rosen on Full Signal to discuss why AI is breaking traditional value investing, how classic market metrics have become outdated, picking stocks in the AI trade, and which software stocks will win and lose next.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - AI disruption framework

1:07 - Code isn't a moat

1:47 - Intangible value

3:21 - Value metrics are outdated

4:53 - Netflix vs. Blockbuster

7:43 - 200 years of patent data

12:48 - Building an AI-era portfolio

15:09 - Is intangible value already priced in?

16:42 - Fake AI companies

21:47 - Software winners

27:57 - Startups vs. incumbents

30:38 - 78% of market exposed

34:43 - Are index investors safe?

40:28 - What we'll be wrong about

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Liz Ann Sonders is the chief investment strategist at Charles Schwab, where she shapes the firm's market and economic outlook for millions of investors. A widely cited voice on Wall Street for decades, she joins Phil Rosen on Full Signal to discuss the AI earnings boom, the inflation-vs-deflation debate, bubble signals, and why AI supply constraints could matter more than demand.

TIMESTAMPS:
0:00 - AI circular financing
2:36 - Tech stocks getting cheaper
4:21 - Inflation changing valuations
5:02 - Iran and rising inflation
7:12 - AI both inflationary & deflationary
7:44 - Expectations bubble
11:57 - Market leadership
14:43 - Compute and energy
19:05 - AI and labor market
23:13 - What makes a bubble?
25:46 - Complacency and gambling
31:36 - Sentiment vs. hard data
38:44 - How we'll be wrong on AI

James Seyffart is a senior research analyst with Bloomberg Intelligence. He joins Phil Rosen on Full Signal to unpack the SpaceX IPO and the secret index committee that decided its fate, prediction markets and gambling filtering into the stock market, bitcoin's bear market, and more.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - Why SpaceX skips S&P 500

3:28 - Inside the index committee

5:05 - Unpacking the SpaceX IPO

11:03 - Top-heavy index problem

13:13 - Could SpaceX drain liquidity?

17:22 - Retail enthusiasm for SpaceX

18:39 - Leveraged single-stock ETF frenzy

23:16 - Prediction market ETFs

28:35 - Bitcoin bear market

31:20 - Bitcoin basis trade

36:38 - What investors get wrong

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Eric Wallerstein is the chief macro strategist for Clocktower Group, and was previously an advisor to Stephen Miran at the Federal Reserve Board as well as at the White House Council of Economic Advisors. He joins Phil Rosen on Full Signal to discuss how to trade against the current macro backdrop, betting on US exceptionalism and fading Europe, and being right early on the the Iran conflict.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - Kevin Warsh's Fed regime

1:08 - Where rates go from here

3:46 - US dollar bull case

5:04 - The US banks trade

8:19 - NATO breakup thesis

12:01 - Steelman case for Europe

13:28 - Poland, Norway, Sweden trade

15:52 - The 2 Europes trade

20:50 - US exceptionalism and Iran

31:56 - Working with Fed Governor Miran

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Sonali Basak is the chief investment strategist at iCapital. She joined Phil Rosen on Full Signal to discuss the leading indicators in private markets for stocks, the AI infrastructure buildout, red flags for investors, and the historic IPO boom led by SpaceX.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - Private markets' hidden signal

2:27 - AI up, software down

3:33 - Software loan squeeze

6:32 - SpaceX, OpenAI, Anthropic

9:12 - Snowflake vs Databricks

15:13 - Hyperscaler cash flows

18:13 - Everyone is overweight AI

21:52 - Financials look cheap

29:35 - Highest-conviction call

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Lou Basenese is a veteran market strategist and the founder of The Big Skinny. He joins Phil Rosen on Full Signal to discuss the SpaceX IPO, Tesla, small-cap biotech stocks, and under the radar stock picks.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - SpaceX IPO Hype

0:53 - Valuation And Merger Talk

3:08 - Space Stocks Hype Cycle

4:06 - Finding Space Suppliers

5:18 - AI Transforms Biotech

7:31 - Best Biotech Exposure

9:14 - GLP 1 Long Term Risks

12:24 - Small Cap Biotech Picks

14:50 - Energy Refiners Trade

17:25 - Teradyne AI Pick

19:13 - Barbell Investing Wrap

19:56 - Where To Follow Lou

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Gina Martin Adams is the chief market strategist for HB Wealth. She joins Phil Rosen on Full Signal to discuss the under-appreciated risks of the $1 trillion AI capex and infrastructure buildout, stocks and bonds de-coupling, the winning and losing sectors, hidden inflation headwinds, and more.

This episode is sponsored by Public: https://public.com/openingbell

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Timestamps:

0:00 - Stock-Bond Correlation breaking

1:59 - Turning cautious on stocks

4:51 - Semiconductor bubble?

6:52 - Nvidia earnings

9:17 - Hyperscaler spending driving inflation

12:48 - AI productivity vs. inflation

15:29 - How the Fed solves inflation

17:12 - Mag 7 free cash flow falling

20:42 - Mag 7 breaking apart

22:56 - New market leadership

24:49 - IPOs risk entire bull market

28:32 - Investing vs. gambling

30:43 - Wrong calls and finding value

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Lyft CEO David Risher joins Phil Rosen on Full Signal to unpack why Lyft stock has underperformed, competing with Uber, whether he would entertain an acquisition from Google or Tesla, how autonomous vehicles impact Lyft's business, and more.

This episode is sponsored by Public: https://public.com/openingbell

Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe

Follow Phil on X: https://x.com/philrosenn

Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/

Timestamps:

0:00 - Intro

0:46 - Lyft stock is down 32%

1:47 - Wall Street mispricing the stock

2:52 - Self-driving cars

4:23 - Fleet management edge

8:09 - Does Tesla break Lyft's moat?

9:36 - 50 million riders and distribution

12:44 - Partnership playbook

15:15 - Owning a car vs. Lyft

17:04 - Taking Lyft private

18:28 - Acquisition by Tesla or Google?

22:16 - Will AI replace all drivers?

26:28 - Why CEO still drives Lyft rides

28:38 - Strategic regrets as CEO

34:59 - Leaving a legacy at Lyft

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Gabriela Santos is the chief market strategist for the Americas with JPMorgan Asset Management. She joins Phil Rosen on Full Signal to discuss the outperformance of international stocks, why Taiwan and Korea are outperforming in the AI era, the diversification problem inside the AI trade, European banks and defense sectors, and US exceptionalism.

This episode is sponsored by Public: https://public.com/openingbell

Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe

Follow Phil on X: https://x.com/philrosenn

Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/

Timestamps:

0:00 - US exceptionalism

2:46 - AI's global winners

4:04 - 2000-2007 parallel

7:15 - Korea's governance shift

9:00 - AI's diversification problem

12:34 - When AI tops out

16:23 - Historic semis rally

19:47 - Is AI a bubble?

21:48 - What JPMorgan got wrong

24:20 - European bank stocks

27:00 - Follow Gabriela's work

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed

Kevin Gordon is the Head of Macro Research and Strategy for the Schwab Center for Financial Research. He joins Phil Rosen on Full Signal to discuss the top-heavy stock market, record-breaking earnings, the 1998-like chip boom, and the discrepancies between hard and soft data.

This episode is sponsored by Public: https://public.com/openingbell

Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe

Follow Phil on X: https://x.com/philrosenn

Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/

Timestamps:

0:00 - Top-heavy stock market

2:19 - 1973 breadth levels

5:00 - Tech concentration

7:22 - Mag 7 vs S&P 493 convergence trade

9:38 - AI productivity and the missing hiring boom

13:46 - Valuations are bad for market timing

17:02 - Dot-com comparisons

21:05 - Penalty for missing earnings

25:27 - Semis rally like 1998

28:00 - Hard data vs soft data

Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

#podcast #investing #markets #macro #stocks #bitcoin #fed