Full Signal

Cullen Roche is the founder and chief investment officer of Discipline Funds, and the author of the new book “Your Perfect Portfolio.” He joins Phil Rosen on Full Signal to discuss AI’s disinflationary impact on the economy, the Fed’s policy errors, why investors shouldn’t sweat the $38 trillion government debt, and the demographic headwinds for the next decade.

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

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Timestamps:

0:00 - Intro

0:29 - Conflicting macro data

5:26 - Fed policy errors

9:26 - Public & Generated Assets

10:33 - Inflated asset prices

12:46 - AI disinflation

19:21 - AI impact on Fed

21:47 - Housing and inflation

24:46 - Fixing government debt

31:56 - Demographic headwinds

34:45 - Your Perfect Portfolio

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

Mike Green is the CIO of Simplify Asset Management. He joined Phil Rosen to discuss his viral and divisive essay asserting that the US poverty line is closer to $140,000 than the government stated $32,000. They discussed solutions to the affordability crisis, why Gen Z and boomers disagree on cost of living, criticisms from the right and the left, and much 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 - Redefining poverty0:50 - Real poverty line math5:28 - Generational debate10:07 - Ivory Tower critics15:57 - Public & Generated Assets17:05 - Not being rich vs. being poor19:09 - Collapsing birthrates21:27 - Government policy23:30 - Tax credits and inflation24:45 - Right vs. left26:54 - Meritocracy flaws29:15 - New solutions35:25 - How this all ends39:18 - Socialism rising44:42 - Follow Mike

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

Stephanie Aliaga is a global market strategist for JP Morgan Asset Management and is one of Wall Street's leading AI experts. She joined Phil Rosen to discuss the infrastructure boom, how investors should think about the AI trade, risks of circular financing, and how AI impacts Fed policy.

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

0:30 - 

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 chief investment officer of Sparkline Capital, an investment management firm that invests in innovation and value. He joined Phil Rosen to discuss the Magnificent 7 moving from asset-light to asset-heavy businesses, risks of the AI capex boom, circular financing, and how to invest in new technological revolutions.

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

0:30 - 

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

Steve Hou is a quantitative researcher at Bloomberg covering multi-asset strategy research and holds a PhD in financial economics. He joined Phil Rosen to discuss the impact of AI on the stock market and labor market, the K-shaped divergence between knowledge workers and everyone else, the new stock index he’s developing at Bloomberg, 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

0:30 Government debt, macro outlook

3:43 - New economic regime

8:41 - K-Shaped economy

11:56 - Public & Generated Assets

13:04 - Tech-heavy economy

15:51 - AI impact on labor market

18:13 - New economy jobs

20:17 - A new investing strategy

31:08 - Index rebalancing

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

Nancy Tengler is the CEO and CIO of Laffer Tengler Investments. She’s spent four decades on Wall Street, and has been a top-1% portfolio manager for the last 11 years. She joined Phil Rosen to discuss her highest conviction stock picks for 2026, dot-com bubble comparisons, risks in the AI economy, and how she’s thinking about the tech trade right now.

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/

0:00 - Intro

0:25 - Bullish on stocks

2:20 - Earnings driving stocks

4:30 - AI bubble debate

7:30 - Circular financing and OpenAI

9:00 - AI and job market

10:30 - Walmart

12:15 - AMD

14:00 - Public & Generated Assets

15:20 - DR Horton

17:25 - Quanta Services

18:55 - How to value AI stocks

21:45 - Tesla

26:00 - Crowdstrike

28:55 - Nancy’s ETF strategy

30:20 - ServiceNow

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 Balchunas is a senior ETF analyst at Bloomberg Intelligence. He joined Phil Rosen on Full Signal to discuss the record year for ETFs, the rise of crypto and leveraged products, how bitcoin is taking over traditional finance, and the debate around passive investingThis episode is sponsored by Public: https://public.com/openingbellSubscribe 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 - Intro0:30 - Historic ETF boom3:32 - More ETFs than stocks7:00 - Leverage risks10:15 - Public & Generated Assets11:25 - New SEC and regulation16:37 - Bitcoin on Wall Street21:57 - Vanguard approves crypto ETFs24:44 - Magnificent 7 concentration31:20 - Mike Green’s passive investing views38:23 - Demographic risks of passive investingDisclosure: 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

Stephanie Roth is the chief economist at Wolfe Research, and was previously an economist at JPMorgan. She joined Phil Rosen on Full Signal to discuss how AI is changing jobs and the labor market, whether AI is driving productivity gains, Big Tech’s capex plans, its impact on young people finding jobs, comparisons to dot-com, and what investors are missing today.

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/

0:00 - Intro

0:30 - Labor market outlook

2:50 - AI and layoffs

3:57 - AI driving new jobs, productivity

6:30 - Broad AI adoption in economy

7:15 - Youth unemployment

11:00 - Public & Generated Assets

12:07 - AI capex and GDP

15:30 - Economic vs. asset price bubble

16:55 - AI isn’t dot-com bubble

17:50 - What investors misunderstand on AI

19:16 - K-shaped economy

22:55 - Consumer spending

25:55 - Inflation and tariffs

26:55 - Affordability and consumer sentiment

28:00 - Bias of sentiment surveys

30:30 - New Fed Chair, Fed independence

33:55 - White House policy

36:48 - What economists got wrong on tariffs

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

Jay Woods is the chief market strategist at Freedom Capital Markets and he’s worked on the floor of the New York Stock Exchange for three decades as a trader and market maker. He joined Phil Rosen on Full Signal to break down the AI trade, sectors to bet on for 2026, macro risks, the Federal Reserve, and the disconnect between asset prices and the real economy.

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

0:30 - AI trade and rotation

6:19 - Magnificent 7 turned Lag 7

8:25 - Dot-com bubble parallels

12:09 - Public & Generated Assets

13:37 - Sentiment impact on prices

14:14 - Opportunities outside tech

18:14 - Macro outlook and risks

21:21 - Unstoppable bull run

23:23 - Trading through tariffs

25:30 - Federal Reserve outlook

30:52 - Inflation and consumer spending

33:01 - Stocks are not the economy

35:43 - Sectors for 2026

40:00 - Hard to be bearish

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 #federalreserve

Eric Jackson is the founder of EMJ Capital and specializes in finding "100 bagger" stocks. He's spearheaded the retail investor-driven movement behind companies like OpenDoor and Carvana. He joined Phil Rosen to discuss where he's deploying capital in public markets today, his thesis for bitcoin hitting $50 million by 2041, the AI revolution, and the stocks he likes best right now.

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

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