Payne Points of Wealth

Barron’s reporter Jacob Sonenshine joins us for this episode of the Payne Points of Wealth to debate what’s driving Treasury yields higher, why stocks have remained resilient, and whether AI earnings expectations are becoming too optimistic.

We explore opportunities in financials and medical devices, the risks behind the AI spending boom, and why owning the S&P 500 may leave your portfolio more concentrated than you realize.

We discuss:

Is AI creating an alternative energy boom?

As data centers drive up electricity demand, the U.S. needs more power, a stronger grid, and faster ways to build both.

Ryan and Chris Payne sit down with Chris Johnson, president of the American Energy Leadership Institute, to discuss why nuclear, geothermal, solar, batteries, and natural gas could all have a role in the AI buildout.

They explore the push for permitting reform, the challenge of expanding transmission, competition with China, and where smaller power companies may find opportunities.

The conversation also covers the outlook for oil prices amid the Iran conflict, the Strait of Hormuz, Venezuela’s potential oil supply, and why high diesel prices can ripple through the economy.

Markets are falling, the Federal Reserve is raising interest rates, the 10-year Treasury is near 5%, and inflation remains stubborn. Is this another short-term correction—or the beginning of a bear market?

In this episode, we explain how investors can prepare without abandoning their long-term strategy. They discuss the strength of corporate earnings, why bear markets can create powerful opportunities, and how higher yields are changing the outlook for bonds and cash.

In this episode:

• The difference between a correction and a bear market

For more than a decade, investors were rewarded for following a simple playbook: favor U.S. stocks, lean heavily into technology, depend on low interest rates, and buy every dip. But the economic environment that made those strategies so successful has fundamentally changed.

Ryan, Bob, and Chris Payne join Courtney Garcia to explain why stronger growth, persistent inflation, higher interest rates, and shifting market leadership require a different investment approach. They discuss why the S&P 500’s extraordinary returns may be difficult to repeat, why now could be the time to rebalance, and where investors may find better value in bonds, international markets, commodities, energy, and real estate.

With September beginning in the red, oil above $90, interest rates climbing, and the national debt reaching $40 trillion, is the bull market approaching its end—or is the pullback creating another opportunity?

The biggest risk may not be the next market decline. It may be relying on an investing playbook built for a world that no longer exists.

Interest rates are climbing, inflation remains stubborn, and America’s national debt has reached $40 trillion. Should investors be worried—or are rates simply returning to historical norms?

In this episode of Payne Points of Wealth, Ryan Payne, Bob Payne, Chris Payne, and Courtney Garcia discuss what rising Treasury yields mean for stocks, bonds, mortgages, and the broader economy. They also examine the inflationary effects of tariffs, AI infrastructure spending, higher oil prices, federal deficits, and a weakening dollar. Plus, discover why market leadership is expanding beyond the Magnificent Seven—and where opportunities may be emerging in commodities, energy, healthcare, industrials, international stocks, emerging markets, and other inflation-sensitive investments.

AI valuations are soaring, semiconductor stocks are surging again, and investors are asking the inevitable question: How much longer can this bull market run?

In this episode of Payne Points of Wealth, Bob, Ryan, and Chris compare today’s AI-driven rally with the late-1990s tech boom. They examine the risks behind massive AI spending, lofty valuations, increasing corporate debt, and rising global interest rates—while explaining why strong economic growth and record earnings could continue driving stocks higher.

The Paynes also discuss why chasing the hottest investments can backfire, how market leadership is expanding beyond the Magnificent Seven, and where opportunities may be hiding in international stocks, emerging markets, value companies, commodities, and energy infrastructure. Plus, they explore signs of a shifting real estate market and how the enormous wealth of retiring baby boomers could support consumer spending for years to come.

Is the market falling apart—or is money simply rotating?

In this episode of Payne Points of Wealth, Bob, Ryan, Chris, and Courtney explain why semiconductor stocks and the Magnificent Seven are struggling while energy, commodities, value stocks, REITs, international stocks, and emerging markets continue to perform.

The team discusses why diversification is winning in 2026, whether Wall Street’s AI earnings expectations have become too optimistic, and why the biggest long-term AI winners may be companies outside the technology sector.

They also examine:

• Whether the Federal Reserve could raise interest rates

The key takeaway: money is not necessarily leaving the market. It may be rotating into overlooked sectors and asset classes—and investors who stay diversified could be better positioned for what comes next.

The AI trade just suffered a major semiconductor sell-off—but is this the beginning of the end, or a buying opportunity inside a long-term bull market?

In this episode of Payne Points of Wealth with Brooks Cutright, Portfolio Manager at Hedgeye Asset Management, we uncover the hidden forces driving Nvidia, Apple, Microsoft, Micron, SanDisk and other major technology stocks. The recent volatility may have less to do with collapsing AI demand and more to do with index rebalancing, ETF flows, and hedge funds positioning around hundreds of billions of dollars in predictable trades.

But the bigger question is impossible to ignore:

Will the trillions being spent on artificial intelligence ever pay for themselves?

Big Tech companies are pouring massive amounts of capital into AI chips, data centers and computing infrastructure—even as questions grow about adoption, monetization and return on investment. If computing power becomes a low-margin commodity, today’s biggest AI spenders may not become tomorrow’s biggest winners.

In this episode:

• What really caused the semiconductor stock sell-off

The ultimate AI winners may not be the companies spending the most money. They may be the businesses using AI to lower costs, improve productivity and expand profit margins.

If you’ve saved more than $1 million for retirement, Payne Capital Management will run a complimentary Total Financial Master Plan covering your investments, retirement income, diversification, fees and tax strategy.

The headlines say one thing. The market is saying something very different. In this episode of *Payne Points of Wealth*, Bob, Ryan, Chris, and Courtney break down why investors may be missing some of the strongest opportunities in the market right now. While everyone is focused on AI, crypto, and the latest scary headlines, major gains are quietly happening in sectors and companies hiding in plain sight. From Johnson & Johnson’s surprising 12-month rally to strength in small caps, energy, commodities, financials, health care, European markets, and transportation stocks, the team explains why this bull market may be broader than most investors realize. They also discuss why consumer spending remains strong despite negative sentiment, how falling oil prices could act like a tax cut, why money market investors may be waiting too long, and how the AI boom is spreading far beyond Big Tech into energy, materials, infrastructure, and finance. If your portfolio is sitting in cash or overly concentrated in the headline names, this conversation is a reminder: some of the best-performing investments are often the ones nobody is talking about. Topics covered:

When we sat down with Paul Andre Huet, CEO of America’s Gold and Silver, for our latest Payne Points of Wealth episode, one theme became clear:

The demand story for silver is evolving and expanding.

Let’s break it down in simple terms.

1. Electrification of the Economy

Silver is one of the best electrical conductors in the world.

That makes it critical for:

As more of the global economy moves from fossil fuels to electricity, the need for efficient conductive materials rises, and silver plays a central role.

2. Electronics & Connectivity

Virtually every modern electronic device contains silver:

As the world becomes more connected, the baseline demand here isn’t shrinking, it’s steadily expanding.

3. Solar Energy

Solar panels use silver in their photovoltaic cells.

Every installation: from residential rooftops to utility-scale solar farms requires it.

As countries continue:

Silver demand increases alongside that transition.

4. Automotive (Beyond EVs)

Even traditional vehicles rely on silver in:

Modern cars, especially higher-end models are increasingly electronic systems on wheels.

The Supply Reality

While use cases are expanding, supply isn’t as flexible.

This creates a dynamic where:

That imbalance tends to matter over time.

Where Investors Often Get It Wrong

Investors tend to focus on what’s obvious.

Today, that means:

But in markets, leadership rotates.

Yesterday’s winners aren’t usually tomorrow’s leaders.

Most of the best opportunities don’t come from chasing what’s already worked, but where the underlying drivers are changing.

Silver may be one of those areas.

Not because of a single headline.

A Financial Planning Perspective

Now, this is where discipline becomes important.

A compelling story does not automatically mean it should be in a portfolio.

When we think about building a portfolio, we’re NOT asking: “Is this interesting?”

We’re asking:

Because a stand-alone commodity like silver can:

Instead, owing a diversified basket of commodities that includes silver, can potentially lower overall portfolio risk, not increase it

The Bigger Takeaway

One of the most valuable insights from our conversation wasn’t about predicting silver prices.

It was about something more fundamental:

where demand is quietly growing in the real economy.

We’re seeing:

And silver sits at the intersection of all of it.

Final Thought

Over the long term, markets rarely reward investors for buying what’s hot today, they reward allocating capital to sectors and asset classes before they become widely popular among investors.

Right now, silver is becoming more embedded in how the world operates:

That doesn’t mean it’s definitely going higher.

But it does mean it’s worth paying attention to.

If you haven’t yet, we encourage you to listen to Episode 245 of Payne Points of Wealth, it’s a great discussion on how evolving real-world demand, operational execution, and long-term investing intersect.