In this episode of "On The Tape," Danny Moses interviews Dennis DeBusschere, founder of 22V Research, about the current state of the market and economic outlook. They discuss investor positioning, the Fed's potential reactions to economic slowdowns and inflation, and the impact of tariffs. DeBusschere highlights the dichotomy between the strength in large-cap tech and the challenges faced by small-cap and economically sensitive sectors due to higher interest rates and potential tariff impacts. The conversation also covers the role of fiscal stimulus, the unsustainability of current debt levels, and the potential for higher volatility in rates and currencies, with a mention of energy sector prospects and the hedging appeal of gold and Bitcoin. They touch on the potential market impact of Jerome Powell's possible early departure and the implications of tax policy. The episode concludes with a discussion on market surveys indicating defensive investor positioning and a consensus view of a weaker dollar, with a friendly bet on the S&P's year-end performance.
