Our next guest says that the market has started to show signs of an increased level of speculation. Andrew Slimman is senior portfolio manager at Morgan Stanley Investment Management. And what do you mean when you're talking about increased level of speculation, just the higher levels that we've seen of the averages overall.>> Well, you know, the the the bull market started in October of 2022. So, we're into the fourth year. And, you know, the rear view mirror doesn't show a bare market anymore.It shows mak ...

Our next guest says that the market has started to show signs of an increased level of speculation. Andrew Slimman is senior portfolio manager at Morgan Stanley Investment Management. And what do you mean when you're talking about increased level of speculation, just the higher levels that we've seen of the averages overall.>> Well, you know, the the the bull market started in October of 2022. So, we're into the fourth year. And, you know, the rear view mirror doesn't show a bare market anymore.It shows mak ...

Investment Recommendations - Suggests buying Dutch Bros (BROS) stock, currently at $53, with a plan to buy more in the $40s, anticipating it won't drop to the $30s [2] - Highlights American Bitcoin (ABTC) as a highly speculative investment with no current earnings, emphasizing the risk of losing the entire investment [4][5] - Expresses skepticism about Recursion Pharmaceuticals, an AI-powered drug discovery stock backed by Nvidia, citing its poor performance and the need for a proof of concept before recommending investment [6][7][8] - Awaits a "bounce" in Republic Services (RSG) and Waste Management (WM) stocks, despite their strong cash flow and dividend growth, due to rising long-term interest rates and pressure on infrastructure spending [8][9] Market Commentary - Notes the speculative froth coming out of Dutch Bros stock, which has fallen from $86 to $53 [2] - Mentions the potential impact of rising long-term interest rates and infrastructure spending pressure on Republic Services [8]

Market Sentiment - CNBC's Jim Cramer expresses a desire for a pause in the continuous rally of speculative assets, including gold, cryptocurrency, and unprofitable companies [1]

Core Viewpoint - The article discusses the potential and strategy of investing in speculative stocks, emphasizing the importance of wise speculation and diversification in investment portfolios. Group 1: Speculative Stocks - Speculative stocks are defined as companies that may not be profitable or have high valuations relative to their earnings, making them risky investments [1][6]. - The article suggests that younger investors should consider including speculative stocks in their portfolios, with a recommendation of one or two speculative stocks among a minimum of five individual stocks for diversification [4][11]. Group 2: Types of Speculative Investments - Richly valued stocks with real earnings, such as Palantir, are highlighted as speculative due to their high price-to-earnings ratio of 277 times projected earnings [6]. - Thesis stocks, like Bloom Energy and Rocket Lab, are mentioned as speculative investments in emerging energy technologies and aerospace [7]. - Quantum computing companies, such as D-Wave, are noted for their potential despite being significant money losers, with the market reacting positively to any favorable news in this sector [8][9]. Group 3: Market Dynamics - The current market is described as being supercharged by speculation, which can present both opportunities and risks for investors [10]. - Despite skepticism from traditional investors, the article argues that owning a few speculative stocks can be beneficial if approached wisely, as successful investments can offset potential losses [11].

Market Trends - Pokémon trading card prices are increasing rapidly, outperforming the S&P 500 [1] - This surge in prices is leading to a wave of risky speculation in the Pokémon trading card market [1]

Market Trends - The market is shifting towards speculation rather than ownership of assets [1] - There's a growing trend of "perpifying" everything, indicating a desire to speculate on valuations instead of owning the underlying assets [1] Company/Project Specifics - Plasma's XPL token (ticker: XPL) experienced high pre-market trading volume of approximately $100 million on Hyperliquid [1] Strategic Implications - The platform that facilitates speculation on a wide range of assets is likely to succeed in the current market environment [1]

Project Overview - Chips Protocol is building a blockchain focused on speculation [1] - The chain is open-source, permissionless, and plug-and-play, with two dApps in beta [1] Tokenomics - $CHIPS powers the ecosystem, aiming to deliver value to users, holders, and builders [1] Key Events - IDO is ongoing [1] - TGE (Token Generation Event) is scheduled for August 12th on MEXC [1]

Product Comparison & Concerns - The app resembles EarlyFans from Blast, which allowed users to "coin" tweets based on a price curve to speculate on their value [1] - EarlyFans failed due to lack of resolution value and botting issues after incentives ended [1] - The report questions whether the current app offers something more unique to avoid a similar fate [1]