Ever wondered how market psychology shapes investment strategies? In our latest episode, we have the pleasure of hosting Laurent Bernut, whose extensive career spans from the diplomatic halls of the French Embassy to the fast-paced realm of Japanese capital markets and hedge funds. Laurent takes us through Japan’s economic landscape, describing the current inflation, a weakening yen, and an ongoing real estate surge. He also sheds light on the investment opportunities within Japan's craftsmanship industries and the evolving openness towards foreign capital. Whether you’re an investor or merely a market enthusiast, Laurent's insights offer a treasure trove of valuable information.Shifting gears, we explore the intricate dance between bull and bear markets with a focus on sector rotation and understanding beta. Laurent details how different sectors, such as consumer staples and technology, react to market changes and why adjusting long and short positions is crucial for risk management. We delve into the concept of net beta versus net exposure, offering strategies to optimize investment performance amidst fluctuating markets. If you’ve ever been curious about the mechanics of stock performance and the importance of market regimes, this segment is packed with actionable insights.To wrap things up, we delve into the psychological dimensions of trading, particularly the concept of toxic shame and its profound impact on traders. Laurent shares compelling personal anecdotes, showing how self-worth can either fuel success or lead to self-sabotage. We also tackle the challenges of short selling in volatile markets and why position sizing is vital. As a special treat, Laurent gives us a preview of his upcoming book and the invaluable lessons it promises. This episode is a must-listen for anyone keen on understanding the deep connections between market dynamics and trading psychology. Don’t miss out!The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Today's sponsor is CBDX, home of premium, legal THC gummies. Perfect for relaxation, creativity, or unwinding after a long day, these delicious gummies deliver the quality you can trust. With fast discreet shipping and great flavors, CBDX makes enjoying THC easy and hassle-free.Visit CBDX.com and use code LEADLAG to save on your first order!  Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It’s social media with a secret sauce: FOOD! The world’s first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today: Support the show

Can you anticipate market trends and mitigate risks to protect your wealth? Join us as we engage with Cameron Dawson, the Chief Investment Officer of New Edge Wealth, to unlock the secrets of managing ultra-high-net-worth portfolios. Cameron sheds light on the intricacies of handling substantial assets, emphasizing the critical importance of tax sensitivity and the intriguing potential of alternative investments. She shares her tactical yet long-term investment strategies, offering insights on maintaining quality across asset classes, and provides a thoughtful analysis of the current market cycle, the importance of respecting trends, and the dangers of low-quality rallies.What drives international and small-cap market performance? Discover the conditions necessary for international and emerging market outperformance with historical insights from Cameron Dawson. Explore the impact of significant dollar devaluation periods and how capital flows facilitated major bull markets internationally. We also dive into the dynamics of earnings growth versus the risks of tech-driven bull runs, and assess the potential regulatory and political challenges that could impact mega-cap tech companies. Cameron's expert perspective provides valuable context for understanding the broader economic environment and the implications of Federal Reserve interest rate cuts.How do you strategically manage portfolios amid economic uncertainties? This episode is a must-listen for anyone looking to enhance their portfolio allocation strategies. We examine the effects of Federal Reserve policies on financial markets, the nuances of balancing sector overweights and underweights, and the potential of alternative investments like private equity and private credit. Cameron Dawson's insights into managing equity portfolios in anticipation of a recession offer practical advice for navigating turbulent times. Tune in for a comprehensive discussion on balancing balance sheet relief with income statement health and ensuring rigorous due diligence in alternative investments.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Today's sponsor is CBDX, home of premium, legal THC gummies. Perfect for relaxation, creativity, or unwinding after a long day, these delicious gummies deliver the quality you can trust. With fast discreet shipping and great flavors, CBDX makes enjoying THC easy and hassle-free.Visit CBDX.com and use code LEADLAG to save on your first order!  Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It’s social media with a secret sauce: FOOD! The world’s first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today: Support the show

Esteemed energy expert, Anas Alhajji, discusses U.S. presidents' impact on oil prices, Middle Eastern geopolitics, and future of nuclear energy. Exploring Strategic Petroleum Reserve, natural gas role, and need for nuanced energy forecasts. Highlighting nuclear energy's potential amidst climate challenges, and critiquing AI's inflationary effects on energy markets.

Could the Federal Reserve's next moves be politically driven and potentially reignite inflation? Tune in as we explore this provocative question with Jim Bianco, the president and founder of Bianco Research. Jim provides his expert analysis on the transition from a deflationary cycle to what he calls a "sticky inflation cycle," fueled by remote work, deglobalization, and the political manipulation of energy resources. He predicts a sustained inflation rate of 3-4%, significantly higher than pre-2020 levels, and cautions against potential rate cuts by the Fed. We also dissect the complexities of quantitative tightening and its impacts on the economy, particularly focusing on interest rates and inflation. Jim highlights the current stock market's concentration in major companies like Nvidia, Microsoft, and Apple, and discusses the implications for traditional diversification. We examine the risks associated with popular ETFs and consider scenarios where diversified portfolios might outperform these concentrated indices. Jim brings a wealth of knowledge, shedding light on the disparity between Main Street and Wall Street and the evolving labor market dynamics post-COVID.In the latter part of our conversation, we delve into the relationship between the stock market and rising unemployment rates, the demographic impact on investment choices, and the state of the gold market. Jim discusses gold's role as a non-correlated asset and the challenges faced by ETFs in a saturated market. We also touch on strategic bond market positioning and the long-term economic impacts of the 2020 global shutdown. This episode offers a comprehensive analysis of today’s complex financial landscape, providing valuable insights for both seasoned investors and newcomers alike. Join us for this enlightening discussion with Jim Bianco on Lead Lag Live.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Today's sponsor is CBDX, home of premium, legal THC gummies. Perfect for relaxation, creativity, or unwinding after a long day, these delicious gummies deliver the quality you can trust. With fast discreet shipping and great flavors, CBDX makes enjoying THC easy and hassle-free.Visit CBDX.com and use code LEADLAG to save on your first order!  Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It’s social media with a secret sauce: FOOD! The world’s first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today: Support the show

What if our entire understanding of capitalism is fundamentally flawed? Join us on a journey through history as we explore Richard Duncan's compelling argument that capitalism has evolved into what he terms "creditism." Starting from the collapse of the gold standard during World War I and leading through key events like the Great Depression and World War II, Richard provides an eye-opening historical analysis that shows how government intervention has become a cornerstone of our modern economy. Understand how significant changes in monetary policy during the 1960s and 70s, especially the severance of the dollar-gold link in 1971, have shaped the financial landscape we navigate today.Ever wondered about the dangers lurking in our credit-based economy? Richard Duncan delves deep into the precarious nature of credit bubbles and the potential catastrophic consequences if they burst, as warned by Austrian economists like Ludwig von Mises. We also cover the government's pivotal role in staving off economic disasters during the 2008 financial crisis and the 2020 COVID-19 pandemic through aggressive deficit spending and monetary interventions. Additionally, we discuss the global implications of this credit-driven system, touching on how globalization, inflation, and geopolitical tensions like the war in Ukraine are intertwined with the Federal Reserve's and other central banks' policies worldwide. Don't miss this insightful episode that challenges conventional economic wisdom and offers a comprehensive understanding of our current financial system.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Today's sponsor is CBDX, home of premium, legal THC gummies. Perfect for relaxation, creativity, or unwinding after a long day, these delicious gummies deliver the quality you can trust. With fast discreet shipping and great flavors, CBDX makes enjoying THC easy and hassle-free.Visit CBDX.com and use code LEADLAG to save on your first order!  Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the show

Esteemed economist David Rosenberg challenges conventional wisdom with optimistic outlooks on global markets and economic trends, emphasizing opportunities in Japan, India, and commodities. He discusses the connection between fiscal stimulus and consumer spending, warns of recessionary pressures on tech stock valuations, and explores the impacts of Federal Reserve rate cuts on the US dollar and Japan's equity markets.

Former Chicago Bears player turned trading guru Jon Najarian joins us to share his unique journey from the chaos of open outcry trading floors to the precision of modern digital trading. Feel the rush of the pits as Jon recounts the electrifying highs and lows, and learn why he believes female traders often have the upper hand, thanks to their cautious and disciplined risk management strategies. This episode is packed with eye-opening insights into the realities of trading, both past and present.We tackle the turbulent world of market disruptions and volatility, analyzing historic events like the 2010 "fat finger" trade and the impact of social media influencers like Roaring Kitty. Jon dissects the current challenges in the cannabis sector, despite legalization. Discover why cannabis stocks have struggled and why some investors still see potential in this risky market. This isn't just about trading; it's about understanding the forces that shape financial markets and the importance of staying informed.Dive into advanced options trading strategies and market analysis with us. Jon shares notable trades in companies like Lyft, Vornado Realty Trust, and QuantumScape, emphasizing the value of spotting significant options activities. We explore why disciplined trading and diversification are crucial, especially when volatility is high. Plus, get an update on Market Rebellion's expansion and new ventures. Whether you're a seasoned trader or just getting started, this episode is packed with practical advice and expert insights you won't want to miss.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Today's sponsor is CBDX, home of premium, legal THC gummies. Perfect for relaxation, creativity, or unwinding after a long day, these delicious gummies deliver the quality you can trust. With fast discreet shipping and great flavors, CBDX makes enjoying THC easy and hassle-free.Visit CBDX.com and use code LEADLAG to save on your first order!  Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It’s social media with a secret sauce: FOOD! The world’s first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today: Support the show

Is the allure of AI stocks overshadowing the perilous reality of small-cap struggles? Join us in this episode as we dissect the intricate landscape of the current stock market with Peter Berezin from BCA Research. We promise an in-depth analysis of the bifurcated performance between thriving large-cap AI-driven stocks and the underperforming small-cap sector. Learn how key economic factors like the ongoing slowdown, diminishing job openings, and the depletion of pandemic savings are contributing to this divergence. Discover Peter's insights on the prolonged and variable impacts of monetary policy and how the erosion of prior economic insulation is shaping market dynamics. We'll delve into the predictive power of construction job losses and the decline in multi-family housing starts as early indicators of a potential recession. This episode shines a light on how smaller companies, reliant on bank financing and cyclical businesses, face unique challenges that could amplify their struggles in a looming recession. Plus, we critically examine the potential overvaluation of large language models and AI profitability, and whether they can replicate the success of social networks.We also tackle broader market concerns and sector strategies, drawing parallels between the UK's fiscal turmoil and the current risks facing the US economy. With a 7% budget deficit and low unemployment, we scrutinize the viability of the US dollar during a recession. Can China's economic recovery or a global manufacturing resurgence mitigate these risks? Peter shares thought-provoking perspectives on fiscal policy in an election year, including potential tax hikes and tariffs. Finally, find out where you can follow Peter's work and insights, and explore the long-standing reputation of BCA Research.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Today's sponsor is CBDX, home of premium, legal THC gummies. Perfect for relaxation, creativity, or unwinding after a long day, these delicious gummies deliver the quality you can trust. With fast discreet shipping and great flavors, CBDX makes enjoying THC easy and hassle-free.Visit CBDX.com and use code LEADLAG to save on your first order!  Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the show

Step into the world of precious metals with our fascinating guest, Keith Weiner, founder of Monetary Metals. Ever wondered how you can earn interest on gold, an asset traditionally seen as non-yielding? Keith reveals his journey from tech entrepreneur to economics PhD, and unpacks the innovative strategies his company uses to lend and rent gold to businesses. Learn how these practices reflect the broader economic system, particularly in the context of a debt-driven economy and the historical value of gold as a measure against the declining dollar.Curious about the dynamics between gold and Bitcoin? We break down the historical price fluctuations of gold and the factors driving its market. Post-COVID, the gold market has shown a bullish trend, but what about Bitcoin's role as "digital gold"? Keith and I critically examine Bitcoin’s volatility and why it fails to serve as a stable store of value compared to the timeless reliability of gold. Through this comparison, we challenge high-conviction beliefs in Bitcoin and its limitations, particularly for those seeking stable, long-term investments.We also journey around the globe to understand the burgeoning demand for gold in places like China, Turkey, India, and the Arab world. Despite dwindling volumes in Western Europe, gold prices remain high, driven by regional economic conditions and currency devaluation fears. Additionally, we explore the roles of silver and gold in today's economy, the potential of silver bonds, and the implications of holding precious metals in various forms. Keith provides a rich perspective on these topics, blending historical context with contemporary insights, making this episode a must-listen for anyone interested in the intricate dance of monetary policy and precious metals.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Today's sponsor is CBDX, home of premium, legal THC gummies. Perfect for relaxation, creativity, or unwinding after a long day, these delicious gummies deliver the quality you can trust. With fast discreet shipping and great flavors, CBDX makes enjoying THC easy and hassle-free.Visit CBDX.com and use code LEADLAG to save on your first order!  Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It’s social media with a secret sauce: FOOD! The world’s first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today: Support the show

Shiloh Bates, Chief Investment Officer at Flat Rock Global and CLO expert with over 20 years in the industry, shares invaluable insights on Collateralized Loan Obligations. He breaks down CLO structures, likening them to mini-banks with diverse loan portfolios. Shiloh discusses the attractive yields of CLO equity compared to traditional high-yield bonds, emphasizing lower default rates and recovery prospects. Additionally, he explores the importance of sector diversification and effective portfolio management in enhancing performance during economic downturns.