Full Signal

Sam Ro is a veteran financial writer and analyst who writes TKer, an award-winning newsletter about the stock market. He joined Phil Rosen to discuss the K-shaped economy, stock valuations, dot-com comparisons, mismatched sentiment and more.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS: 0:00 - Intro0:27 - K-shape economy3:21 - Investors vs. non-investors5:36 - Wealth effect and sentiment9:40 - Investors aren't complaining10:45 - Consumers keep spending14:23 - AI vs. dot-com bubble20:52 - Valuations at dot-com levels26:03 - AI earnings dominance#podcast #investing #markets #macro #stocks #bitcoin #fed

Sonali Basak is the chief investment strategist at iCapital. She joined Phil Rosen on Full Signal to discuss the acceleration of the AI trade, risks in Big Tech's spending ambitions, the K-shaped economy, opportunities in private markets and more.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS: 0:00 - Intro0:23 - Rethinking AI trade2:32 - Leverage and debt in AI boom6:17 - Michael Burry, market sentiment8:22 - Dot-com vs. AI comparisons11:11 - Rotation out of tech?13:47 - Hidden opportunities in market15:29 - Private markets 18:20 - AI is still early19:34 - AI impact on K-Shape economy22:43 - Uncertainty in jobs24:30 - Geopolitics in AI race26:38 - Under-appreciated risks#podcast #investing #markets #macro #stocks #bitcoin #fed

Kevin Gordon is the head of macro research and strategy at Charles Schwab's Center for Financial Research. He joined Phil Rosen on Full Signal to discuss the top-heavy bull market, comparisons to the dot-com bubble, the K-shaped economy, signals from alternative economic data, and more.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/Follow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Watch on YouTube: https://youtu.be/vxdPVSIo_HETIMESTAMPS: 0:00 - Intro0:27 - Concentration in stock market3:33 - Top-heavy market as 'new normal'5:40 - AI vs. dot-com bubble9:43 - AI driving layoffs13:46 - White-collar recession17:12 - How Kevin uses AI at Schwab18:32 - Alternative job market data21:24 - Labor market cycles23:27 - Economists have been wrong all year26:08 - Vibecession vs. vibepression29:00 - K-shaped economy33:36 - Fed rate cuts36:13 - Where stocks go in 2026 #podcast #investing #markets #macro #stocks #bitcoin #fed

Todd Sohn is an ETF strategist across the research and asset management teams at Strategas, and he's previously held roles at JPMorgan and SAC Capital Advisors. He joined Phil Rosen on Full Signal to discuss the outlook for stocks, AI vs. dot-com, how investors are seeking more leverage, the historic year for ETF inflows and more.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/Follow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/#podcast #investing #markets #macro #stocks #bitcoin #fed

Ryan Detrick is the chief market strategist at Carson Group. In this episode of Full Signal, we discuss his highly optimistic outlook on stocks, the resilience of the market despite recession signals, the "most hated bull market," the Federal Reserve, AI versus dot-com bubble, the K-shaped economy, gold, and forecasts into next year.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/Follow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps: 0:00 - Intro0:30 - Why Ryan's optimistic on stocks3:24 - The bull market is in every country7:00 - Why it's the "most hated bull market"13:36- AI boom vs. dot-com era18:38 - Current sentiment & consumer behavior19:08 - Breaking records in asset prices19:21 - Wealth disparity and K-Shaped economy20:13 - Household and corporate balance sheets20:46 - Leverage and market rotation23:58 - AI impacting job market26:33 - Fed rate cuts31:35 - Political gridlock in Washington

Mike Green, chief strategist at Simplify Asset Management, dives into today's market risks, focusing on the 'everything bubble' driven by passive investing. He explains how this trend inflates asset prices beyond their fair value and draws parallels between the current AI boom and the dot-com bubble. Green also critiques Bitcoin as a failed payment system and discusses how 401(k) designs have intensified passive investments. With insights on market structure and hidden economic weaknesses, it's a thought-provoking conversation for any investor.

Full Signal is a new markets show hosted by Phil Rosen, co-founder of Opening Bell Daily. Full Signal will feature in-depth interviews with leading investors, Wall Street strategists and executives, along with original data, commentary and Opening Bell Daily’s signature data visualizations.