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.

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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

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

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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

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 - 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

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

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

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