The Compound and Friends

Is Gen Z Completely Cooked? With Ed Elson

Bad feeling, weak internals, confidence collapse, Nvidia breaking out | WAYT?

Nvidia’s technical breakout and massive $150 billion share buyback signal continued dominance in the AI sector, bolstered by CEO Jensen Huang’s strategic navigation of government relations. While rising 10-year Treasury yields above 5% create stiff competition for capital, they are not necessarily a breaking point for ...

Erik Hirsch, CEO of Hamilton Lane, on the Explosive Growth of Private Markets

Private markets are fundamentally correlated to public equity, despite common misconceptions fueled by reporting time lags and opaque marking practices. While the era of easy, high-leverage alpha has passed, significant performance dispersion persists, highlighting the critical importance of manager selection and rigor...

People Hate These 5 Stocks But They'll Be Wrong with Jonathan Boyar

Meta’s Muse launch, Josh is wrong on Netflix, internals weaken, 10-year bonds at 5%, Buffett steps away

Meta’s recent surge, driven by the successful launch of its AI-powered "Muse" application, highlights the rapid re-rating potential of large-cap tech stocks. While market breadth remains historically weak, with few stocks participating in recent gains, this divergence does not necessarily signal an imminent peak. Inves...

Tom Lee and Dan Ives Explain Everything

The current bull market demonstrates remarkable resilience, fueled by robust corporate earnings and an ongoing innovation boom in artificial intelligence. Despite widespread pessimism and macroeconomic headwinds, including potential Federal Reserve rate hikes and geopolitical instability, equity valuations remain attra...

The Most Interesting Macro Moment of My Lifetime with Jens Nordvig

The current macroeconomic landscape faces a unique convergence of AI-driven capital expenditure and historic debt levels. Hyperscalers like Microsoft and Meta are now issuing long-term debt at volumes rivaling the U.S. Treasury, creating significant pressure on the long end of the yield curve. Despite rising interest r...

Stocks Aren't as Expensive as You Think | WAYT?

The stock market’s current valuation and earnings trajectory defy common bubble narratives, as evidenced by the "great re-rating" where only 27 S&P 500 stocks maintain a forward P/E exceeding 40. Corporate earnings are breaking out of a 90-year channel, demonstrating robust growth even when excluding non-operating inve...

How to Pick Stocks Like Morgan Stanley With Dan Skelly

The current market environment reflects a paradigm shift where economic resilience stems from a transition toward services and a K-shaped income distribution, rather than solely AI-driven growth. Earnings growth remains robust, bolstered by corporate pricing power and productivity gains achieved without significant hea...

Tim Cook the GOAT? Snowflake earnings preview, the software comeback, reactions to Ed Zitron

The AI-driven market is currently undergoing a significant shift, marked by the recovery of software stocks following the spring "SaaSpocalypse." Snowflake’s integration into the AI infrastructure layer demonstrates the growing importance of agentic workflows, while corporate AI spending remains a critical, albeit evol...

The Four Horsemen of the AI Apocalypse with Ed Zitron

The current AI boom relies on an unsustainable cycle of massive capital expenditure driven by a handful of unprofitable startups like OpenAI and Anthropic. Hyperscalers such as Microsoft and Google are financially tethered to this spending, creating an illusory demand signal that masks a lack of genuine, profitable ent...

Bubble bursts in 2027, Nvidia earnings preview, Materials sector set-up, AirBnB takes flight

Stock markets function as anticipatory mechanisms, pricing in future growth long before current earnings reports reflect it. This dynamic explains why high-performing tech companies like Nvidia face valuation compression despite record-breaking growth. While concerns about an AI bubble persist, the massive capital expe...

Why Every Trader on Earth is Watching the 10-Year Treasury Now with Nick Colas

Rising long-term Treasury yields, fueled by higher real interest rates rather than inflation expectations, currently dominate market sentiment. Nick Colas, co-founder of Datatrack Research, notes that the resilience of the U.S. economy implies a higher neutral interest rate, while aggressive corporate debt issuance by ...

How to Play the Money Game with Michael Santoli

Financial markets operate through complex, programmatic rotations rather than simple news-driven reactions, requiring a shift from traditional prediction to synthesizing broad economic themes. Michael Santoli, a veteran markets commentator, emphasizes that effective financial journalism involves distilling vast informa...

Treasury yields break out, how to invest with Bill Ackman, Workday rumors, off-balance sheet madness

Rising long-term bond yields and the ballooning U.S. budget deficit are driving market uncertainty, yet risk assets remain resilient due to strong earnings and a gradual rather than sudden rate environment. Tech giants are increasingly utilizing off-balance-sheet financing to fund massive AI data center build-outs, a s...

It's a bull market and nobody drinks anymore.

The ETF industry is experiencing an unprecedented surge in activity, with over 900 new funds launched year-to-date. This explosion is driven by lower launch costs and a shift toward thematic, leveraged, and option-income strategies that cater to specific investor demands. Major financial institutions are aggressively a...

Tradeable Lows, Nvidia’s Data Center Finance Deal, Surprise Comebacks for Schwab and Expedia

Is IMAX a Screaming Buy? With Rich Gelfond

The Man Who Called the Roaring 2020s with Ed Yardeni

The U.S. economy remains fundamentally resilient, defying expectations of a recession through the end of the decade. Driven by the "Roaring 2020s" thesis, this growth is supported by robust earnings momentum rather than mere multiple expansion. Artificial intelligence acts as an evolutionary catalyst, augmenting labor ...

Midsummer’s Melt-Up, Robinhood, SpaceX and Palantir Report, Chips Rip, Leopold’s Margin Call