Gold tumbles after a record run, inflation lingers, and AI reshapes the job market — Matt explains what it all means for investors.

Gold’s sharp reversal, the Fed’s coming rate cut, and the rise of AI-driven business strategies — Matt breaks down how momentum trades detach from fundamentals, why 3% inflation still matters, and what it all means for investors. Plus, lessons from Thinking in Bets on making smarter decisions amid uncertainty.

0:00 Intro

:19 Gold’s momentum reversal

3:15 Gold Prices Explained

5:50 Inflation & FOMC

6:52 Why 3% inflation isn’t “normal”

9:20 Why I say credit conditions are not tight, let me explain

10:27 Job Market & Monetary Policy

12:40 Interconnection looking like the dot.com bubble...

13:40 Thinking In Bets

14:50 Lesson from Thinking in Bets