Closing Bell AI Trade Cooldown; Andreessen Horowtiz’s Katherine Boyle on Private Markets; Lessons from Gig Earnings 11/7/25
Nov 7, 2025
In this insightful discussion, guests include Jim Paulsen, a macro strategist, Mark Mahaney, an internet research head, Catherine Boyle from Andreessen Horowitz, and Capitol Hill reporter Emily Wilkins. The conversation dives into the potential shifts away from tech investments as AI valuations cool. Mahaney analyzes gig economy earnings, revealing crucial investor insights. Boyle discusses the Pentagon's impact on defense tech startups, while Wilkins updates listeners on the latest from the government shutdown negotiations.
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Episode notes
Shutdown Pain Is Gradually Mounting
- The shutdown's pain has been mitigated in some areas by targeted funding but is growing in others like airports and unpaid federal workers.
- Emily Wilkins warns impacts are ramping up and could become more politically pressing ahead of travel-heavy holidays.
Cyclicals Signal A Weakening Economy
- Market signals show cyclical sectors collapsing relative to tech, implying growth is weakening since the shutdown.
- Jim Paulsen concludes this suggests easing policy is likely to continue into 2026, supporting small caps and international stocks.
Use Sell-Offs To Enter Growth Investments
- If you believe an announced investment cycle is value-creating, use the post-earnings sell-off as a buying window.
- Mark Mahaney suggests the sell-off after investment announcements clears bad news and creates entry points.