Full Signal

Jack Farley is a macro expert and the co-founder of the Monetary Matters Network. He joins Phil Rosen on Full Signal to discuss the semiconductor sell-off, the strongest bear case against AI, blowout bank earnings, the specific stocks he's buying right now, and how he'd allocate a $100,000 portfolio today.

Today's episode is sponsored by Direxion: https://shorturl.at/EBirr 

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Timestamps:

0:00 - Semiconductor bear market

1:19 - Leverage unwinding the rally

2:32 - Crowded AI trade

4:13 - Broadcom, Marvell

6:36 - Intel skepticism

8:07 - Michael Burry's bear case

10:44 - AI's subsidized economics

12:40 - Tokenmaxxing

15:05 - AI economics

18:17 - Rotating into software

19:19 - IBM's worst day ever

23:13 - Blowout bank earnings

25:34 - Stablecoins outlook

27:36 - Lam Research

32:16 - Texas Pacific Land

34:51 - S&P Global

37:08 - Building a $100,000 portfolio

44:34 - Follow Jack

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

Dr. Steve Hou is a veteran quantitative analyst and the head of research at Silicon Data. He joins Phil Rosen on Full Signal to discuss the economics driving the AI boom, compute markets, the pricing power across Nvidia, Anthropic and OpenAI, comparisons to dot-com, and specific stock picks for the next leg of the bull market.

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Timestamps:

0:00 - Compute demand

1:07 - Token expenditure index

9:34 - Subsidized AI tokens

11:10 - GPU rental rates

15:02 - AI basic use cases

17:26 - Who holds AI pricing power

20:12 - Token economics and AI profits

22:53 - Software stocks opportunity

28:13 - Boring quality compounders

33:08 - DeepSeek effect

36:15 - Inside Silicon Data

39:12 - Bubble or baby bubble?

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

Jessica Inskip is the director of research for StockBrokers.com and a leading financial commentator. She joins Phil Rosen on Full Signal to discuss the AI CapEx boom and earnings outlook, the interconnectivity theme reshaping financial markets, specific stocks she likes right now, trading options for income, and how she would build a new portfolio from scratch today

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Timestamps:

0:00 - Earnings expectations

2:59 - CapEx as recession signal

7:36 - Earnings vs. bubble fears

8:24 - Big Tech getting cheaper

9:40 - 2-year note warnings

12:21 - Contrarian bull case

14:33 - ROI on $1 trillion Capex

16:41 - Interconnectivity theme

20:09 - Robinhood, Circle, Coinbase, ICE

24:12 - Options for income

27:15 - Oracle, Palantir, Micron

28:42 - Building a new portfolio

32:21 - Liquidity blind spot

37:06 - Follow Jess

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

Julia Hermann is a global market strategist at New York Life Investments, where she helps shape the firm's multi-asset market outlook. She joins Phil Rosen on Full Signal to discuss her contrarian view on the Fed, the memory stock sell-off, parallels between the AI buildout and the dot-com era, and why financials look undervalued right now.

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Timestamps:

0:00 - Geopolitics noise and signal

2:31 - Fed outlook

4:34 - Rate cut odds

6:11 - Memory stocks in bear market

9:07 - Diversification and quality

12:08 - The narrowing path for markets

15:12 - US vs. world

17:35 - Japan carry trade

20:58 - Sell America

23:58 - Dot-com parallels

29:15 - Infrastructure boom framework

34:30 - Bullish financials

37:16 - What consensus gets wrong

39:17 - Julia's research

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

Michael Green is the chief strategist and portfolio manager at Simplify Asset Management, and authors the Substack called "Yes I give a Fig." He joins Phil Rosen on Full Signal to discuss hidden risks of the AI boom, how passive investing is bidding up the AI bubble, why he's bullish on new technology but cautious on its impact for investors, and more.

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TIMESTAMPS:

0:00 - Caution on AI bull market

2:57 - AI's real value

5:38 - Nvidia's vendor financing

7:47 - The China threat

9:39 - Should investors sit out?

11:29 - Passive investing risks

13:17 - Are stocks actually cheap?

15:57 - 1987 crash parallels

19:17 - Are markets broken?

24:08 - Passive flows and leverage

26:10 - Can regulators step in?

28:21 - Building a new portfolio today

32:09 - Inflation vs. deflation

36:35 - American economic opportunity

42:32 - Mike's new book

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

Lou Basenese is a veteran market strategist and the founder of The Big Skinny. He joins Phil Rosen on Full Signal to discuss 3 under-the-radar stock picks, buying the dip on chip stocks, and his process for finding biotech and AI investment ideas.

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Timestamps:

0:00 - Buying the dip on chips

2:47 - The AI bear case

4:43 - Trimming profits

5:29 - Crowded trades

6:30 - TeraWulf $WULF

10:59 - Navan $NAVN

12:57 - Gain Therapeutics $GANX

15:19 - Biotech acquisition targets

17:35 - How to find obscure stocks

20:31 - Position sizing

21:44 - Follow Lou

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

Anthony Scaramucci is the founder and managing partner of SkyBridge Capital, and he has invested across markets for four decades. He joins Phil Rosen on Full Signal to discuss the potential government stake in OpenAI, how big the AI bubble could get, bitcoin's 50% drawdown, and how he would build a $1 million portfolio from scratch.Subscribe 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 - Government stake in OpenAI2:46 - Anti-AI sentiment6:02 - Is AI a bubble?7:20 - Building a $1 million portfolio9:30 - "Sell America" trade11:52 - Trump's crypto profits14:00 - Bitcoin down 50%17:24 - The bear case for Bitcoin19:23 - Shifting high-conviction views21:36 - Admitting mistakes22:57 - Career advice for AI era

Lauren Cassidy, chief investment officer for Founder ETFs, has spent two decades managing portfolios across firms including Sanford Bernstein and JPMorgan. She joins Phil Rosen on Full Signal to discuss her highest-conviction stock picks, why she is all-in on founder-led public companies, and the software bull case within the AI trade.

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Timestamps:

0:00 - Where are we in the cycle?

2:23 - Long-term AI winners

5:17 - CoreWeave

6:34 - Rubrik

8:44 - Samsara

10:59 - Datadog

12:42 - Selling Viking

13:40 - Clear

16:10 - Overweight software

20:14 - Palantir

24:37 - Oracle

27:43 - Founder outperformance history

30:23 - Follow Lauren

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

Josh Schafer is an investment writer at Barron's and the author of the "Searching for Signals" newsletter on Substack. He joins Phil Rosen on Full Signal to discuss the most important charts driving the market and a handful of specific, high-conviction stock picks he is most bullish on right now.

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

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Timestamps:

0:00 - The great rotation

1:58 - Why rate hikes don't crush stocks

4:52 - Mag 7 becomes Lag 7

7:10 - Memory costs

7:41 - AI inflation and Apple

11:04 - Apple's ecosystem moat

14:43 - Okta

17:55 - General Motors

21:36 - Alphabet

23:50 - YouTube, Waymo

25:15 - Microsoft

28:43 - Housing stocks

33:06 - Follow Josh

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

Darius Dale is the founder of 42 Macro, a leading investment research firm whose risk-management framework is followed by thousands of investors around the world. He joins Phil Rosen on Full Signal to discuss his KISS portfolio strategy, where we are in the AI market cycle, why Kevin Warsh may be a dove in hawk's clothing, the shift toward a multi-poar macro regime, and rotating out of the Magnificent 7.

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 - The KISS portfolio framework

3:00 - Stocks, gold, and Bitcoin

6:01 - Where we are in AI cycle

7:45 - Crowded bullish positioning

11:54 - Kevin Warsh and the Fed

15:00 - Investing in new Fed regime

17:49 - Iran conflict

22:47 - Accelerating into multipolar world

27:01 - Treasury market hot potato

28:34 - Going global in equities

30:58 - "Source of Funds" investing theme

38:36 - What he could be wrong on

42:42 - Follow Darius

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