The information provided in this podcast is for informational and educational purposes only and should not be construed as investment, tax, legal, or financial advice. You should consult with a qualified financial advisor or other professional to determine what may be best for your individual needs. Any views or opinions expressed are those of the hosts and guests and do not necessarily reflect those of any affiliated organizations. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results.

$TTD is the spotlight stock today.

The information provided in this podcast is for informational and educational purposes only and should not be construed as investment, tax, legal, or financial advice. You should consult with a qualified financial advisor or other professional to determine what may be best for your individual needs. Any views or opinions expressed are those of the hosts and guests and do not necessarily reflect those of any affiliated organizations. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. 

SPS Commerce is a leading provider of cloud-based supply chain management solutions. Think of them as the silent orchestrators behind the scenes, specializing in automating data exchange for businesses. Headquartered in Minneapolis, Minnesota, their reach is truly global, with offices stretching across North America, Europe, Asia, and Australia. They really see themselves as the "world’s retail network."

$spsc

Disclaimer:
The information provided in this podcast is for informational and educational purposes only and should not be construed as investment, tax, legal, or financial advice. You should consult with a qualified financial advisor or other professional to determine what may be best for your individual needs. Any views or opinions expressed are those of the hosts and guests and do not necessarily reflect those of any affiliated organizations. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results.

Today's episode cover's Morgan Stanley's "Supply Chain Software Initiation: Looking for FCF Inflections" report.

This week, we cover the "Okay, Boomer" version of 'Eye on the Market,' where J.P. Morgan Asset Management's Michael Cembalest navigates the latest economic and financial trends. Discover surprising strength in Q1 2025 S&P 500 corporate earnings, driven by the "Magnificent Seven" and significant stock buybacks, painting a resilient picture for equities.

The episode also delves into the complex interplay of tariffs versus tax cuts for manufacturers and intriguing shifts in global trade flows, including Germany's exports to Russia via transshipment points and U.S. diversification of imports from Asia.

Then, get ready for a critical "OK Boomer" deep dive into stablecoins. Despite a $250 billion market, Cembalest reveals that approximately 99% of stablecoin activity serves as "poker chips in the crypto casino," rather than real-world commerce. He raises crucial questions about their lack of FDIC insurance, susceptibility to "runs," the adequacy of proposed U.S. legislation (GENIUS Act), and concerns around transparency, direct redemption rights, and significant use in illicit activities—now accounting for 63% of crypto crime volume. Systemic risks, like Circle's exposure to Silicon Valley Bank, and potential regulatory loopholes for foreign issuers are also discussed.

Finally, the podcast briefly touches on the cautious adoption of financial asset tokenization within traditional finance and offers intriguing historical parallels to current U.S. political turbulence. Tune in for a comprehensive look at market bright spots, trade shifts, and the often-misunderstood world of stablecoins.