Hello everyone. The Federal Reserve has finally admitted tariffs have not been inflationary. We're going to discuss whether the Fed should be replaced by artificial intelligence. I'm going to share my theory on why gold is surging higher. And John Narian is going to join us to dissect the current state of financial markets. We're live today from the desk of Anthony Pompiano. [Music] Before we get into today's show, I need your help. My goal is to get to 1 million subscribers on YouTube, but we only have 25, ...

Everyone knows that home affordability is a massive problem in the United States. Now, of course, people always focus on what some of the drivers of the problem are. We don't have enough regulation at the local level that empowers builders to build more supply. You don't have enough supply, home prices end up being unaffordable.Also, the cost of capital is too high. Mortgage rates are through the roof. And so, if people can't afford the mortgage payment, obviously, homes become unaffordable as well.But one ...

Market Sentiment & Investment Strategies - Mark Spitznagel's firm, Universal Investments, manages $20 billion in assets under a tail risk hedge fund strategy [4] - Despite his firm's usual pessimism, Spitznagel is currently bullish on stocks, expecting them to surge higher before a correction, drawing parallels to early 1929 [4] - US margin debt is at an all-time high, which is considered a bullish indicator, while retail investors had the highest weekly inflow into the market for 2025 [4] - The bond market is pricing in two more 25 basis point cuts this year and three more 25 basis point cuts next year, potentially bringing the Fed funds rate below 3% [4] Housing Market Analysis - US incomes need to spike 60% to return to pre-pandemic housing affordability levels [4] - Home prices would need to fall 38% to return to pre-pandemic housing affordability levels [4] - Mortgage rates need to fall more than 400 basis points from over 65% down to under 23% to return to pre-pandemic affordability levels [4] Trading & Market Dynamics - Retail volume in derivatives has increased significantly, with options, futures, and options on futures now representing close to 80% of the market, compared to 8% previously [3] - Event-based markets are currently trading with high fees (1% per transaction), making them less attractive compared to traditional markets like Apple (approximately $1 per $100,000 traded) [21][22] - The speaker expresses concern about the frothy stock market, noting the difficulty in finding cheap assets across various sectors, commodities, and countries [5][6] - The speaker is selling a lot of stock and trading a lot also, and is concerned that there are no bears right now [36][37]

Wealth Distribution & Growth - US household net worth increased by $7 trillion in Q2, averaging $79 billion daily for three months [1] - The bottom 50% of US households hold only 25% of total US wealth [1] - The top 1% holds $40 trillion more wealth than the bottom 50% combined [1] Market Impact & Financial Education - The stock market's historic returns over the last 5 months disproportionately benefited the wealthy [1] - The report suggests a national crisis in financial education, advocating for educating every student on personal finance and investing [2] Investment Strategy - Asset owners are positioned to benefit, while savers may face disadvantages [3]

All right, Dan, first of all, amazing outfit, but second of all, you got even better thoughts on the market. Uh, the Fed just cut interest rates by 25 basis points recently. In 1998, when that happened, tech stocks exploded and pretty much ignited what we now know as the dotcom boom and bust.Uh, do you think that's what's going to happen now. Like tech stocks just go to the moon. It's a bright green light for tech stocks, not just into your end, but I mean, we believe that next two to three years, the tech ...

This is wild. Look at the 19 different Fed leaders predictions for interest rates the rest of 2025. You can see the tension at the Fed in just one chart.One person wants to hike rates. Six people think the Fed should keep rates the same. Two favor one additional cut. Nine people favor two additional cuts.And then there's even one person who everyone thinks is Steven Myron who wants the equivalent of five rate cuts by the year end. It's likely that we're going to get two more cuts, one in October and one in ...

Hello everyone. Happy Friday. Stocks keep hitting all-time highs and the legend Dan Ies is going to sit down with us for an exclusive interview on what stocks he thinks are going to appreciate the most in the coming year. We're live today from the desk of Anthony Pompiano. [Music] Before we get into today's show, I need your help. My goal is to get to 1 million subscribers, but right now we're only at 24,745. That's a long way away, but with your help, we're going to get there. So, hit that subscribe button ...

One of the darkhorse developments worth paying attention to right now. It's a change in Fed leadership that's going to happen next year. Jerome Powell, the Fed chairman, his term ends in May of 2026.President Trump is expected to announce a successor in late 2025 this year. And that's going to create a shadow Fed chair effect as markets front expectations of a dovish nominee. Now, Binance Research, they do great work and they did a deep dive into what happens in the market when a new Fed chair is announced. ...

Elon Musk just purchased a billion dollars in Tesla stock on Friday. This level of conviction is nearly unheard of in financial markets. Most executives are constantly looking to extract value, but the beauty of capitalism is that Elon's financial decision on Friday, that's going to align him with shareholders.Elon wants to see the Tesla stock price go up. Duh, he owns a lot of it. You can see it in his billion dollar stock purchase in the open market on Friday, but you can also see it in his new pay packag ...

Gold is outperforming Bitcoin so far in 2025. Gold's up 40%, Bitcoin's only up 22. Now, some of you may be worried by that fact, but I wouldn't jump to conclusions yet.Gold outperformed earlier in the year. Bitcoin eventually caught up and then surpassed gold's performance near the summertime, and then gold recently recaptured the lead in recent weeks. Why does that happen.Well, it appears that gold has become a leading indicator for Bitcoin's performance. The Bitcoin tends to break out and catch up to gold ...