Hello everyone. Black Friday sales set new records this weekend. The US stock market can't stop going higher. Sentiment is in the toilet. And Professor Peter St. An is going to join us to break down what is really happening in the US economy. We're live today from the desk of Anthony Pompiano. Before we get into today's episode, I need your help. My goal is to get to 1 million subscribers. Right now, we're at 40,041 of you. I love that you're here, but we need more friends. And so, hit the subscribe button ...

Hello everyone. We got a very special episode for you today. We've got a housing expert that's going to join us and explain exactly what's going on with home affordability.Why it's actually been improving in 2025, but it's probably too little too late and people don't care about that small little bit of improvement. On top of that, we're going to talk about the fear and greed index and why it just flashed a sign that explains that investors that are buying right now may actually be very, very happy in a cou ...

Market Bottom & Bull Market - Market data suggests a bottom in both stocks and Bitcoin, indicating the end of the local drawdown [1][2][3][4] - The market is in a global bull market, with expectations of further upward movement [1] Tech Giants & Market Cap - Google became the fourth company to reach a $4 trillion market cap, joining Nvidia, Apple, and Microsoft [1] - These companies' valuations are driven by substantial revenue, with Apple at $416 billion, Google at $385 billion, Nvidia at $130 billion, and Microsoft at $281 billion annually [1] - These companies generate significant free cash flow: Apple $98 billion, Google $73 billion, Nvidia $60 billion, and Microsoft $78 billion annually [1] AI & Infrastructure - A significant portion of free cash flow is being invested in AI infrastructure, with Google projected to spend around $90 billion and Microsoft around $80 billion [1] - Nvidia is expected to capture 25-35% of all AI-related infrastructure spending globally, amounting to $45 billion [2] - AI-related investment accounts for 50% of GDP growth, highlighting its importance to the economy [2] Competition & Innovation - Amazon is launching a Starlink competitor called Amazon Leo Ultra, entering the space internet market [3] - Bitcoin has increased 240x over the last decade, outperforming treasuries and other assets [4]

Federal Reserve & Monetary Policy - A crisis is underway at the Federal Reserve, with Jerome Powell facing a revolt from fellow central bankers due to disagreements on monetary policy [1][2][6] - Two Fed governors dissented at the same meeting in July, a rare occurrence not seen since 1993, signaling potential cracks in the central bank's armor [4][6] - There's nearly an even split among voting members of the rate-setting Federal Open Market Committee (FOMC) regarding a December rate cut, with approximately 63% odds assigned by the market to a rate cut and 95% odds on Poly Market for a 25 basis point cut [6][7] - The author anticipates the central bank will likely cut another 25 basis points, despite preferring a 50 basis point cut to bring interest rates below 3% [13][14] - Market chaos is expected if the Fed doesn't cut interest rates, as financial markets are anticipating cheap capital [16] Economic Data & Poverty Line - The traditional poverty line calculation, based on a 1963 formula of food costs multiplied by three, may be outdated due to significant changes in household spending patterns [17][21][22] - Applying the original poverty line logic to current spending patterns suggests a modern poverty line for a family of four could be between $130,000 and $150,000 per year [25][26] - Two-thirds of Americans may be living below this modern poverty line, indicating the economic data may be inaccurate and not reflecting people's actual financial struggles [27][28] Bitcoin & Market Volatility - Bitcoin has experienced a 35% drawdown from its all-time high, which is considered a healthy reset in the context of its historical volatility [41] - Over the last decade, Bitcoin has drawn down 30% or more 21 times, with seven of those drawdowns being 50% or more [39] - Bitcoin's volatility may be decreasing, potentially leading to smaller drawdowns (around 40% instead of 80%) [42] - Despite recent price drops, the S&P is only about 5% off all-time highs, and most markets around the world are up double digits, suggesting a broader bull trend [30][37]

There's been a crack in the AI narrative. You can see it anywhere in the market or in the media. Previously, AI was almost the sole pillar supporting the high valuations of tech stocks.AI, AI, AI. But the market's no longer solely focused on the unlimited demand for AI. Investors are now examining the physical and financial cost of its implementation.On the physical constraint side, AI infrastructure provider Coreweee is a great example. Coreweave saw its stock plunge due to delays in power delivery. Now, o ...

Market Volatility & Investment Strategies - Financial markets experienced significant volatility, with the S&P 500 down 15%, NASDAQ falling almost 25%, and Bitcoin decreasing by approximately 5% in a single trading period [1] - Extreme price action in equities occurred on extraordinary volume without clear news catalysts, pushing the VIX up to 28 [1] - The Fear and Greed Index reached a low of 6, indicating extreme investor fear, though the specific reasons for the market drop remain unclear [1] - Contrarian investment strategies, such as buying during market drawdowns ("catching falling knives"), are highlighted as a way to potentially secure bargains, emphasizing careful analysis to identify undervalued assets [1][2] - Historical data suggests that the stock market rarely peaks in October, indicating the current bull market may not be over, and seasonality data points to a potential rally after November 20th [2] Bitcoin Market Analysis - The Bitcoin Fear and Greed Index reached its lowest point in history, signaling extreme fear among investors [6] - Short-term Bitcoin holders are experiencing unprecedented losses, with 99% of coins being at a loss, surpassing levels seen during the COVID crash and the FTX collapse [7] - Institutional selling has reached historic levels as a percentage of Coinbase volume, contributing to downward price pressure [9] - A surge in 1-hour trading volume on Binance suggests potential buying activity at the bottom of the drawdown, which could aid market recovery [9] - Bitcoin has experienced a 32% drawdown from its all-time high, raising questions about whether the bull market is over or if this is a necessary reset [11] AI & Robotics Impact - Elon Musk believes that artificial intelligence (AI) and humanoid robots will eliminate poverty [3] - Musk's success is attributed to his work ethic, intelligence, ability to attract capital, and understanding of societal problems, as well as the support of a dedicated team [3][4][5]

Market Analysis - Bitcoin price has crashed and is now negative year-to-date [1] - Bitcoin's current price level coincides with a time when global liquidity was $7 trillion lower [1] - Bitcoin is currently deeply oversold, attracting Bitcoin whales to buy [2] - The Fear and Greed Index is registering below 20 [2] Investment Strategy - The industry suggests maintaining a level head during market volatility [3] - Bitcoin is expected to remain resilient and appreciate in the long run [3] Liquidity - Global liquidity is surging higher, contrasting with Bitcoin's price crash [2]

Hello everyone. I've got a very special treat for you guys today. Sitting down with Phil Rosen, the co-founder and editor-inchief of Opening Bell Daily. In this conversation, Phil brings a bunch of really interesting data and also beautiful charts that explain exactly what's happening in financial markets and what it means for your portfolio. We're live today from the desk of Anthony Pompiano. Before we get into today's conversation with Phil, I need your help. My goal is to get to 1 million subscribers on ...

Hello everyone. I've got a very special treat for you today. We've got a conversation with Joseph Wei.Joseph is the principal at fedguy. com and he's also the author of the bestselling book central banking 101. This guy understands the Federal Reserve better than almost anyone I've ever talked to.He understands how they make decisions, what data they use, and how their decision-making impacts financial markets. And Joseph's going to explain all of that to us today, including what's he excited about in the f ...

The market selloff, it spooked a lot of investors. They're wondering if the bull market in stocks is over. They think that we might be on the cliff of a 75% draw down in Bitcoin.But before we can pontificate about the future, we got to analyze what's happening right now in the market. Dan Niles, he's the founder of Niles Investment Management. He had one of the best explanations over the weekend.He writes that there was two factors driving the market this year. First, easy money was coming due to the rate c ...