On the pod this week, G3 is joined by Weiss’ Jordi Visser to get his latest thinking on the markets and the economy. They also talk about that big recession that hasn’t come and what Jordi is forecasting for the remainder of the year.

As always, please check important disclosure at the episode.

TimeStamps:

• How was July a ‘capitulation’ month? [2:10]
• What is the meaning of the term 'SHEconomy,' and why has it become a driver of growth? [6:48]
• Why does Jordi believe that a ‘synchronized’ recession will not occur and how is it different than a rolling recession? [11:02]
• Why does G3 want to organize a poker game with a market strategist who presented alongside Jordi? [15:18]
• Will China rebound with significant stimulus measures, or will they fall into a deflationary spiral? [19:27]

Resources:

• Ask Jordi Anything
• Riding the Highs: Understanding the SPX Surge, Inflation Decline, and Economic Stability [VIDEO]
• What recession? It's a summer of splurging, profits and girl power
• Falling birth rates in China

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

In Search of Green Marbles is back with a fresh new episode recorded on Wednesday, July 26th, which was Fed Day. And while the Fed's actions were very well telegraphed, Weiss's own Lundy Wright had plenty to say about both the Fed's statement and the subsequent press conference.

Please check important disclosures at the end of the episode and enjoy this conversation with Weiss's Bond guru, Lundy Wright.

Time Stamps:

• What are Lundy's general thoughts on the latest FOMC statement and the subsequent press conference? [2:32]
• Is Lundy of the opinion that this will be the final interest rate increase of this hiking cycle? [8:43]
• Why is Lundy disappointed in Powell’s tone during the press conference? [15:00]
• As the Basel III endgame plays out and the resumption of student loan payments hit this Fall, are the markets expecting a deceleration in the economy? [20:05]
• Given where the yield curve is, does Lundy believe that bond market participants are anticipating Fed interest rate cuts? [22:28]

Resources:

• What is the Citi Surprise Index (video)?
• What are Reverse Repurchase Agreement Operations (RRPs)?
• The Fed Has Paused Before

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

Back by popular demand, we are delighted to present our second AJA which stands for Ask Jordi Anything.

In this episode, G3 asks questions submitted by our listeners on a range of topics. They include Jordi’s thoughts on building programming skills, commodity prices, large language models, his biggest trading mistakes and much more. G3 even threw in a question himself about horse racing.

Please check important disclosures at the end of the episode. And if you’d like to ask a question yourself, don’t be shy.

This episode was recorded on June 7th.

Timestamps:

• Which Python courses does Jordi recommend for individuals interested in learning to build AI-powered tools for data analytics and finance? [2:30]
• What data points did Jordi rely on to support his assertion that the reopening of China would not lead to a strong rebound in commodity prices? [5:47]
• What impact does Jordi predict AI will have on markets as countries and industries with demographic challenges harness the recent advances in technology? [13:40]
• Based on Jordi’s horse racing framework, what in his view is the ‘dark horse’ sector of the market right now? [17:22]
• What was Jordi’s most significant trading mistake and what did he learn from it? [20:04]
• What was the significance of the Belmont Stakes race given the challenges in thoroughbred horse racing this year? [25:58]

Resources:

• Ask Jordi Anything
• Jordi’s recent appearance on Anthony Pompliano’s show
• The Belmont Stakes

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and...

Will Big Tech be able to self-regulate when it comes to AI? How can you impose legislation over open source software? Should algorithms be given rights? These and other questions related to regulating AI were tackled in the second part of G3’s AI discussion with Weiss Deputy CIO, Mike Edwards.

Please just check disclosures at the end of the episode.

This episode was recorded on June 14th, 2023.

Timestamps:

• Do we need to regulate AI to prevent irreversible consequences? [2:19]
• Should large tech companies seek to self-regulate their AI activities? [9:18]
• What is Mike’s opinion of the European Union’s new AI regulation framework? [14:30]
• Could AI regulation negatively impact America’s competitive standing vis-à-vis China? [18:33]
• What are Mike’s thoughts on AI personhood, and does he agree that ‘the algorithms too will need rights’? [25:41]

Resources:

AI Prompts Torts – From Weiss’ Morning Seeds Meeting on 7/10

John Stuart Mill: Main Ideas

DAN Unchains ChatGPT From its Moral and Ethical Obligations

Lina Khan on Regulating AI

Opinion: Is it time to start considering personhood rights for AI chatbots?

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

The US component of Taylor Swift’s historic tour is scheduled to conclude on August 9th, but it’s already apparent that this tour and the woman in the center of it is an absolute game-changer.

Jordi and G3 know the power of Taylor Swift first hand. And in this special episode of Green Marbles, Jordi connects the Taylor phenomenon to a goldrush of green marbles related to crypto & blockchain, AI and ChatGPT.

Please check important disclosures – which never go out of style – at the end of the episode.

Timestamps:

• How did the title of this podcast centered around ‘Green Marbles’ come about and how does it apply to the Taylor Swift phenomenon? [1:15]
• Apart from her albums, what is the extent of Taylor Swift's achievements? [11:33]
• How does Jordi compare the Taylor Swift fan community to the world of cryptocurrency? [19:57]
• How will artists with high EQ scores like Taylor fare in a future with AI and ChatGPT-9? [23:49]
• How did Jordi use ChatGPT to write an analysis of Taylor Swift in preparation for this episode? [30:25]

Resources:

• Jordi’s Taylor Swift paper (collaboration with ChatGPT)
• Ask Jordi Anything
• Taylor Swift concert tickets 'disappear' after families paid hundreds to StubHub
• Beyonce cried and Pink Chewed out Kanye West after he interrupted Taylor Swift’s speech
• The Taylor Swift/Scooter Braun controversy explained
• Shake it off
• Cardigan
• Anti-Hero

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any...

On this week’s episode of Green Marbles, Weiss’s Mike Edwards and G3 discuss AI’s impact on the markets and our broader economy. They also look to separate AI hype from AI reality.

Please check important disclosures at the end of the episode. And if you like what you hear, feel free to give us a rating and a review. You can even use Chat GPT to write the review – as long as your prompts are good.

This episode was recorded on Wednesday, June 14th.

Timestamps:

• How has the introduction of ChatGPT contributed to the recent increase in the adoption of AI? [4:56]
• Why does Mike believe that ChatGPT is designed to mimic rather than to reason? [11:11]
• With the growing adoption of AI, what companies should market participants focus on to take advantage of this trend? [17:34]
• Are we overemphasizing the AI technology advantages that big tech companies have? [24:34]
• What is Mike’s take on the timing of the Writer Guild’s strike in Hollywood and about the future of management labor dynamics in general? [32:08]

Resources:

• Google’s landmark 2017 paper on Novel Neural Networks
• ChatGPT: From 0 to one million users in five days
• Hollywood writers confront AI

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

In this episode, recorded on Tuesday, June 20th, Jordi speaks – in colorful terms – about how ChatGPT has become his own personal superhero suit. As a result, Jordi discusses how and why he will dramatically increase the number of papers he will be publishing moving forward.

Jordi also discusses how his thought process has changed thanks to this technology and where he’s going to take it from here (Hint: Auto-GPT).

Please check important disclosures at the end of the episode.

Timestamps:

• In what ways has Jordi's process of writing papers transformed with the integration of ChatGPT? [4:05]
• What was the inspiration behind Jordi's ‘J.A.R.V.I.S’ paper, and how did he go about writing it? [7:34]
• How does Jordi perceive the strength of collaborating with ChatGPT? [10:48]
• What is Jordi aiming to achieve with his weekly #JordiPlusJarvis paper series on LinkedIn? [12:41]
• What future plans does Jordi have in terms of incorporating AI tools like AutoGPT into his work? [17:06]

Resources:

• Ask Jordi Anything
• Jordi’s LinkedIn Handle
• Jordi’s “J.A.R.V.I.S” Paper
• Iron Man Wiki: J.A.R.V.I.S.
• What is Auto-GPT and why does it matter?
• The Medium is the Message by Marshall McLuhan

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

This episode of Green Marbles was recorded on Wednesday June 14th, which is Fed Day. And if it’s Fed Day, that means that Weiss’s Lundy Wright is here to talk about what the Fed did, what Chairman Powell said, and how the markets reacted.

Please check important disclosures at the end of the episode and get ready to hear from Weiss’s very own bond guru, Lundy Wright.

Timestamps:

• What assumptions are being made about the Federal Reserve's next steps in light of its recent decision to pause rate hikes? [3:01]
• Why does Lundy think the Fed’s decision to pause rate hikes is a ‘hawkish’ move? [8:09]
• Which is a more reliable indicator of market performance: the marginal change in Consumer Price Index (CPI) or the absolute level of core CPI? [13:39]
• What data will Lundy be concentrating on to predict the Fed’s next move? [20:32]

Resources:

• FOMC statement
• FOMC press conference
• What is the Fed Dot Plot?

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

On this episode of Green Marbles, recorded on Wednesday June 7th, G3 and Jordi Visser discuss the divergent performance between Energy and Tech stocks in 2023.

Together, they explore the factors behind this trend and discuss whether or not this pattern will continue as we look towards the second half of the year.

In this episode, as is done frequently, the firm’s morning meetings are referenced. These meetings, though, aren’t treated as closely guarded secrets, as they are at most other investment management firms. In fact, a summary of each discussion is provided in the Morning Seeds section of the Weiss website. Listeners can access this using the link provided below.

Please check important disclosures at the end of the episode.

Time Stamps:

• What factors contribute to the divergence in the performance of technology and energy stocks? [1:38]
• Will AI drive down the price of oil in the long-term? [11:47]
• Why is the relationship between Beta and profitability important for hedge funds? [15:17]
• How does Jordi think ‘old economists’ such as Warren Buffet will react to the current tech hype? [19:19]

Resources:

• Morning Seeds
• Energy vs. Tech [VIDEO]
• Ask Jordi Anything
• The Great Horse Manure Crisis of 1894

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

G3 and Jordi Visser welcome back Sultan Meghji, a good friend of the firm and all-around technology expert, to talk about AI and its explosion into the public’s consciousness.

What does AI’s acceleration mean for the markets in general and energy prices in particular? How close are we to reaching the so-called Singularity? This episode covers all of this and more.

Please check important disclosures at the end of the episode.

Time Stamps:

• Are we in an AI hype cycle or is the accelerated pace of innovation the culmination of decades of work? [4:59]
• How is AI enthusiasm impacting the financial markets including mega cap technology companies such as NVIDIA? [9:00]
• What is the difference between Artificial General Intelligence (AGI) and AI, and how close are we to reaching ‘The Singularity’? [15:48]
• What impact is AI having on energy prices? [24:49]
• What is the purpose behind the AI-based project that Sultan and Jordi are working on together? [37:33]

Resources:

• Sultan’s website
• Ask Jordi a Question
• Arena X Labs lets you train AI characters
• Singularity explained in simple terms
• AI may be on its way to the doctor’s office
• More Cowbell

Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more