Tom Michaud

Waldemar Szlezak, Partner and Global Head of Digital Infrastructure at KKR, dives into the booming field of AI and data center investments, highlighting its convergence with energy demands. Tom Michaud, CEO at KBW, reflects on the economic landscape and the impact of 9/11, emphasizing resilience in the banking sector. They discuss the balance between Wall Street caution and Silicon Valley optimism in tech investments, alongside the evolving role of financial services in today's competitive market.

Howard Marks, Co-Chairman of Oaktree Capital, shares insights on market cycles, the psychology behind bubbles, and the current state of AI valuations, likening them to a bubble yet noting a lack of manic behavior. Tom Michaud, CEO of KBW, discusses the banking sector's earnings outlook amid credit trends and M&A activity, identifying which banks are poised for growth. The conversation covers shifting economic dynamics shaped by tariffs and potential Fed policy impacts on inflation, adding depth to the market landscape.

Tom Michaud, CEO of KBW, shared insights on the strong start to bank earnings season, emphasizing why he believes the financial outperformance will continue. He discussed credit risks and valuation metrics, particularly the importance of return on tangible common equity. The conversation also delved into China's rare earth crackdown and its implications for the U.S. supply chain, highlighting the need for alternative materials. Michaud's predictions on M&A activity and the future of bank consolidation provided a compelling look at the financial industry's landscape.

Tom Michaud, CEO of KBW Stifel, shares his insights on the banking sector's earnings potential, emphasizing bullish trends. He discusses the impact of rising interest rates on financial stocks and the upcoming earnings season. The conversation also highlights Mark Zuckerberg’s criticisms of Apple, focusing on innovation and regulatory issues. Furthermore, the challenges facing TikTok amid potential bans are explored, alongside the implications for community resilience in California following recent wildfires.

Seema Shah discusses non-tech opportunities, Tom Michaud updates on bank stress tests, Vishwanath Tirupattur and Stephanie Roth analyze consumer confidence, durable goods, GDP & core PCE. The podcast covers market concerns, US exceptionalism impact, banking sector analysis, passive investing effects on bank liquidity, bond market anticipation, and economic similarities.