The Prof G Pod with Scott Galloway Prof G Markets: Winners and Losers Under Trump’s Second Term
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Nov 11, 2024 Scott and Ed dive into the aftermath of the Boeing strike and the latest from Palantir's earnings. They dissect which sectors might thrive or struggle under a potential Trump administration, along with insights into housing market predictions. The conversation shifts to election-related betting trends and the exciting prospects in AI investments. They also tackle the implications for cryptocurrencies amid regulatory shifts. Finally, they reflect on how political changes impact clean energy stocks and the broader market dynamics.
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Galloway's Election Gamble
- Scott Galloway gambled on the election outcome using a collared option strategy with Donald Trump media stock.
- He profited due to the stock's decline after Trump's win, but acknowledges it was luck, not skill.
Palantir's Success Factors
- Palantir's success is attributed to strong government contracts, CEO Alex Karp's effective storytelling, and a "spy vs. spy" image.
- Despite high valuation, its performance and government ties suggest continued growth.
Market Rally and Wealth Transfer
- The stock market rally signals a wealth transfer from younger to older generations due to anticipated corporate tax cuts.
- These cuts are likely deficit-funded, benefiting current stockholders at the expense of future economic stability.