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| Publishes | Daily | Episodes | 120 | Founded | 6 months ago |
|---|---|---|---|---|---|
| Number of Listeners | Categories | InvestingBusiness | |||

Bessent said Monday that the Treasury has not bought a single bond yet and the buyback operation begins September 9th, and he's got up to $950 billion available if he wants it. This was clearly posturing, but I would take him seriously if I were an i... more
All eyes are on Nvidia earnings Wednesday and Jackson Hole on Friday, while Bessent keeps talking up more Treasury bond buybacks. My read is this is the debasement trade at work, a liquidity and fiscal dominance signal rather than actual dollar print... more
Simeon McMillan of Accrued Interest returns for his quarterly check-in after a heavy Q2 media earnings season. We get into why Wall Street keeps misreading Netflix, the watch-hour metrics Simeon thinks are noise, and the margin and free cash flow sto... more
Stocks are up pre-market with Bitcoin hitting $79k overnight, gold ripping, and the 10-year back around 4.7. The debasement trade is still very much alive after Bessent doubled down on TV yesterday. I think Warsh is also more dovish on rates than peo... more
Yields reversed hard this morning, with the 10-year and 30-year climbing almost right back to where they were before yesterday's Bessent buyback news, as if nothing happened. However, this is still a liquidity story, and a signal of more fiscal domin... more
Being a long term investor means you learn something every single day, and that learning compounds the same way a portfolio does, so by year 11 or 12 you pick things up much faster. It is a full time job on top of a nine to five, but the work is what... more
Bond yields are spiking everywhere, with the Japan 10-year hitting a three decade high, and I get into why the carry trade footprint is still large even after the 2024 blowup. I walk through the profits I took in TQQQ, Palantir and Lam Research to bu... more
Semis keep ripping with names like Cerebras, SanDisk, Marvell and Western Digital leading the way. I get into the Wall Street Journal piece on AI circular funding and off balance sheet backstops, why I am looking for investments detached from the AI ... more
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This show renders long-horizon market commentary through a retail-investor lens, frequently tying AI and data-center infrastructure trends to broader stock-market dynamics. Episodes balance big-picture themes—AI adoption, hyperscalers, cloud compute, and the rotation between growth and value—with personal investment philosophy, portfolio reflections, and willingness to disclose holdings. A standout element is the host's candid, idiosyncratic approach: a mix of macro context, individual stock commentary, and a Substack-connected cadence that invites readers to follow along with ongoing analysis. Listeners can expect thoughtful, opinionated takes on mega-cap tech, AI infrastructure spend, and how to position a patient, long-term portfolio ami... more
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