Kevin Gordon is the head of macro research and strategy at Charles Schwab's Center for Financial Research. He joined Phil Rosen on Full Signal to discuss the top-heavy bull market, comparisons to the dot-com bubble, the K-shaped economy, signals from alternative economic data, and more.

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

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Watch on YouTube: https://youtu.be/vxdPVSIo_HE

TIMESTAMPS: 

0:00 - Intro

0:27 - Concentration in stock market

3:33 - Top-heavy market as 'new normal'

5:40 - AI vs. dot-com bubble

9:43 - AI driving layoffs

13:46 - White-collar recession

17:12 - How Kevin uses AI at Schwab

18:32 - Alternative job market data

21:24 - Labor market cycles

23:27 - Economists have been wrong all year

26:08 - Vibecession vs. vibepression

29:00 - K-shaped economy

33:36 - Fed rate cuts

36:13 - Where stocks go in 2026 

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

Todd Sohn is an ETF strategist across the research and asset management teams at Strategas, and he's previously held roles at JPMorgan and SAC Capital Advisors. He joined Phil Rosen on Full Signal to discuss the outlook for stocks, AI vs. dot-com, how investors are seeking more leverage, the historic year for ETF inflows and more.

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

Ryan Detrick is the chief market strategist at Carson Group. In this episode of Full Signal, we discuss his highly optimistic outlook on stocks, the resilience of the market despite recession signals, the "most hated bull market," the Federal Reserve, AI versus dot-com bubble, the K-shaped economy, gold, and forecasts into next year.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/Follow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps: 0:00 - Intro0:30 - Why Ryan's optimistic on stocks3:24 - The bull market is in every country7:00 - Why it's the "most hated bull market"13:36- AI boom vs. dot-com era18:38 - Current sentiment & consumer behavior19:08 - Breaking records in asset prices19:21 - Wealth disparity and K-Shaped economy20:13 - Household and corporate balance sheets20:46 - Leverage and market rotation23:58 - AI impacting job market26:33 - Fed rate cuts31:35 - Political gridlock in Washington

Mike Green, chief strategist of the $11 billion firm Simplify Asset Management, joins Phil Rosen for the first episode of Full Signal. We discuss the biggest risks in today’s market, how passive investing is fueling an "everything bubble" and driving asset prices above their fair value, hidden economic issues, why Bitcoin isn't what you think it is, and the parallels between the AI boom and dot-com bubble. 

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

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0:00 - Intro

0:27 - The biggest risks in markets

1:17 - Passive investing is inflating asset prices

3:34 - What's the tipping point to the passive investing bubble?

8:50 - Rising earnings are masking weakness

13:30 - AI vs. the dot-com bubble

15:03 - The role of 401(k)s in the "everything bubble"

25:46 - Bitcoin criticisms

30:35 - Conclusion

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

Full Signal is a new markets show hosted by Phil Rosen, co-founder of Opening Bell Daily. Full Signal will feature in-depth interviews with leading investors, Wall Street strategists and executives, along with original data, commentary and Opening Bell Daily’s signature data visualizations.

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 investing

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 - Historic ETF boom

3:32 - More ETFs than stocks

7:00 - Leverage risks

10:15 - Public & Generated Assets

11:25 - New SEC and regulation

16:37 - Bitcoin on Wall Street

21:57 - Vanguard approves crypto ETFs

24:44 - Magnificent 7 concentration

31:20 - Mike Green’s passive investing views

38:23 - Demographic risks of passive investing

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 investing

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 - Historic ETF boom

3:32 - More ETFs than stocks

7:00 - Leverage risks

10:15 - Public & Generated Assets

11:25 - New SEC and regulation

16:37 - Bitcoin on Wall Street

21:57 - Vanguard approves crypto ETFs

24:44 - Magnificent 7 concentration

31:20 - Mike Green’s passive investing views

38:23 - Demographic risks of passive investing

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 investing

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 - Historic ETF boom

3:32 - More ETFs than stocks

7:00 - Leverage risks

10:15 - Public & Generated Assets

11:25 - New SEC and regulation

16:37 - Bitcoin on Wall Street

21:57 - Vanguard approves crypto ETFs

24:44 - Magnificent 7 concentration

31:20 - Mike Green’s passive investing views

38:23 - Demographic risks of passive investing

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