Know Your Risk Radio with Zach Abraham, Chief Investment Officer, Bulwark Capital Management

September 2, 2026 — The AI data-center buildout is accelerating, but what are local communities actually getting in return? Zach Abraham and Chase Taylor break down the economics behind the data-center boom, why enormous investments in power and infrastructure don't necessarily translate into enormous employment, and why state and local governments are increasingly asking harder questions about the tradeoff. They also discuss market inefficiencies, opportunities created when entire sectors get sold indiscriminately, renewed tensions around the Strait of Hormuz, oil flows and the growing pressure higher energy prices could put on interest rates. Schedule your complimentary Know Your Risk Portfolio Review at KnowYourRiskRadio.com

September 1, 2026 — Could diesel prices be headed toward $6? Zach Abraham and Chase Taylor break down the renewed escalation around Iran and the Strait of Hormuz, why ship-to-ship oil transfers may have become much more difficult again, and why refined products could become an even bigger problem than crude oil itself. They also discuss rising Treasury yields, the pressure higher borrowing costs are putting on businesses and consumers, weakness beneath the surface of the economy, and where volatility may be creating opportunities in precious metals. Schedule your complimentary Know Your Risk Portfolio Review at KnowYourRiskRadio.com

August 31, 2026 — Chase Taylor explains why Iran's apparent ability to threaten smaller ship-to-ship oil transfers could sharply reduce the volume moving through the Strait—from roughly 7 million barrels a day toward 2–3 million.Chase examines why that would be such a serious shock for an oil market already relying on Strategic Petroleum Reserve releases, declining floating inventories and a limited onshore inventory cushion. He also discusses the renewed exchange of attacks involving Iran and why the market may have far less protection against another supply disruption than headline oil prices suggest.Later, Chase covers the 10-year Treasury yield reaching a new high for the year, Scott Bessent's attempt to step back from earlier bond-market intervention rhetoric, and a reported U.S.-Venezuela oil arrangement that Chase believes carries substantial political, legal and execution risk. Under the structure he discusses, the U.S. government would reportedly receive a 35% stake in a Venezuelan oil company and access to 20% of production at cost.

August 28, 2026 — Zach Abraham and Chase Taylor discuss Kevin Warsh's hawkish message, why a traditional Taylor Rule framework could imply as many as eight rate hikes, and why the Fed may now be trapped between persistent inflation and the economic damage caused by tighter policy. They also examine the latest developments in the Strait of Hormuz, Canada's potential incentive to wait out the U.S. midterm elections, escalating Russia-NATO risks and the dangerous imbalance between missile production and interceptor capacity. Later, Zach and Chase ask a practical portfolio question: What might actually protect investors during a low-probability, high-impact geopolitical shock? Their discussion includes palladium, critical minerals, agriculture, European defense and energy.

August 27, 2026 — Gold-mining stocks have rallied nearly 50% from their mid-July lows. Zach Abraham explains why some miners may still offer unusually compelling value—and why a rising stock price does not necessarily mean the underlying opportunity has disappeared. Zach walks through how replacement-cost economics can expose hidden value in mining companies, why strong assets and reserves can provide room to be wrong, and why “buying the dip” only makes sense when the valuation supports the decision. He also discusses Nvidia's latest results, why traditional bond-market signals have become increasingly difficult to interpret, rebounds across several beaten-down software stocks, international markets and additional—explicitly anecdotal—context he received about the internal debate preceding the decision to enter Iran.

August 26, 2026 - Zach Abraham and Chase Taylor discuss why revolutionary technologies can still produce enormous investment bubbles—and why the unprecedented buildout surrounding artificial intelligence may eventually face the same problem. Chase explains why capital-spending booms throughout history tend to overshoot demand, while Zach examines Nvidia's increasingly complex web of investments and financing across the AI ecosystem. They discuss what could happen if today's extraordinary margins begin to compress and why enormous amounts of future supply could become a problem much faster than investors expect. Plus, Zach and Chase revisit Treasury's intervention in the bond market, Stanley Druckenmiller's warning, America's growing debt problem and why they believe the consequences of decades of deficit spending may finally be beginning to arrive.

August 25, 2026 - Chase Taylor discusses billionaire investor Stanley Druckenmiller's public criticism of recent Treasury policy—and why Chase believes the warning deserves far more attention than the controversy over how the op-ed was written. Chase examines Treasury's attempts to influence the bond market, the risk of escalating intervention when markets refuse to cooperate, and why using crisis-era tools when there is no crisis could create problems of its own. Plus, Chase breaks down the latest moves in oil, China's response to economic pressure surrounding Iran, mounting inflation risks and what he'll be watching from the Fed later this week.

August 24, 2026 - Zach Abraham and Chase Taylor discuss what increasingly aggressive Treasury intervention in the bond market could mean for interest rates, inflation and the U.S. dollar. Chase explains why efforts to suppress long-term yields may work mechanically—but could create major consequences elsewhere through inflation, currency weakness and shorter-duration government financing. Zach and Chase also examine the escalating trade dispute with Canada, the economic relationship between the two countries, the latest developments involving Iran, and why recent policy moves have them questioning what policymakers may be seeing beneath the surface.

August 21, 2026 - Zach Abraham and Chase Taylor discuss why the Treasury's increasingly visible concern about long-term interest rates may be exposing a much deeper problem with U.S. debt, deficits and economic policy. They examine why attempts to suppress bond yields could ultimately lead to more monetary intervention, what rising oil and inflation pressures mean for policymakers, and why decades of short-term thinking have left the U.S. increasingly vulnerable in everything from government finances to energy, manufacturing and defense. Plus, Zach and Chase discuss geopolitical risks surrounding Iran and Russia, the growing importance of real assets, and why the traditional investment playbook may be increasingly mismatched with the world investors actually face.

August 20, 2026 - Chase Taylor discusses why weakening results from Walmart may be an important warning about the American consumer as inflation continues to erode real purchasing power. Chase also examines the rapid reversal of the Treasury's bond-market intervention, rising oil and agricultural prices, why he believes policymakers may eventually be forced toward a larger liquidity response, the shift toward economic warfare with Iran, and an intriguing change in China's approach to trade and global influence.

August 19, 2026 - Chase Taylor discusses the Treasury's unexpected move to increase buybacks of longer-duration bonds and why he believes it sends a much bigger signal than the size of the program itself. Chase explains why policymakers may be moving toward suppressing long-term yields, what that could mean for the dollar, inflation and precious metals, and why today's relatively small intervention could eventually lead to something much larger. He also examines the tension between the Fed's inflation strategy, rising energy costs and a bond market policymakers may no longer be willing to let tighten financial conditions on its own.

August 18, 2026 - Chase Taylor discusses why soaring diesel costs may become a much bigger inflation problem than markets or policymakers are anticipating. He explains how diesel flows through transportation, agriculture, construction, home services and supply chains—and why rising freight costs could eventually show up in prices far beyond the gas station. Chase also examines pressure from oil and long-term interest rates, renewed stress across the AI trade, escalating tensions involving Iran and the UAE, and why today's combination of strong nominal growth and rising transportation costs could make inflation increasingly difficult to ignore.

August 17, 2026 - Chase Taylor discusses a risk surrounding Iran and global energy markets that he believes investors may be overlooking: whether Iran could attempt to break the blockade through force as economic pressure continues to build. Chase also examines oil's latest breakout, rising long-term Treasury yields, deteriorating Chinese economic data, the potential for Chinese stimulus, and the continued drawdown of the Strategic Petroleum Reserve—and why the eventual end of those releases could dramatically tighten an already stressed global oil market.

August 14, 2026 - Zach and Chase discuss why some of the most interesting investment opportunities may be hiding outside today's most crowded trades. They explore the enormous demographic shift created by an aging population, second- and third-order effects from GLP-1 drugs, healthcare and medical technology, and why powerful macro trends can matter more than chasing whatever is currently making headlines. They also discuss weakening retail sales, historically low volatility, Bill Ackman's latest portfolio move, and the concentration risk created by OpenAI and Anthropic's enormous role in the AI spending ecosystem.

August 13, 2026 - Zach and Chase discuss why the stock market may have room for another leg higher despite many of the risks they've been warning about—and what could derail it. They break down cooling inflation data, the possibility that inflation returns, surprising performance beneath the surface of the AI trade, hyperscaler spending, China's increasingly competitive industrial economy, and an overlooked energy dynamic that could leave consumers paying dramatically more for fuel even without an enormous move in crude oil.

August 12, 2026 - Zach and Chase discuss why one of the most valuable skills in investing may be the willingness to admit when you're wrong—and why political identity, ideology and confirmation bias can make that increasingly difficult. They also break down the latest developments around Iran and the Strait of Hormuz, why a prolonged stalemate could actually increase Iran's incentive to escalate, Washington State's tax debate, the federal deficit, Berkshire Hathaway's post-Buffett capital allocation, and another unusual day across AI, semiconductors and volatility.

August 12, 2026 - Zach Abraham sits down with tech founder and investor Aviel Ginzburg for a wide-ranging conversation about what investors may be getting wrong about artificial intelligence. Aviel explains why AI can simultaneously produce a massive financial bubble and a genuine technological revolution, where he sees the biggest bottlenecks and opportunities, why billion-dollar AI investments can become obsolete astonishingly quickly, and how dramatically the technology is already changing software development. Later, Zach and Aviel turn to Washington State's proposed income tax, the state's changing business climate, and why Aviel believes the consequences could eventually extend well beyond millionaires.

August 11, 2026 - Zach and Chase discuss the increasingly difficult math behind the AI buildout as projected infrastructure spending climbs into the trillions, while the productivity gains needed to justify that investment remain far less obvious. They also break down escalating attacks on global oil infrastructure, why Iran may be content to let the current standoff drag on, tomorrow's potentially important inflation print, rising long-term Treasury yields, the Fort Knox gold debate, and why soaring equity valuations may encourage corporate America to unleash a wave of new stock issuance.

August 10, 2026 – Zach Abraham and Chase Taylor dig into one of the strangest dynamics in the AI buildout: companies helping finance the customers buying their own products. They discuss Nvidia's reported push toward a massive financing structure, why real AI demand can coexist with serious questions about capital scarcity and return on investment, and why Zach is willing to reconsider parts of his AI thesis without ignoring the financial risks underneath it. They also cover rising oil and Treasury yields, the latest developments involving Iran and the Strait, and why investors have to separate what they want to happen from what the incentives and fundamentals actually suggest.

August 7, 2026 – AI is generating enormous amounts of revenue—but Zach Abraham and Chase Taylor argue investors may be confusing the money being made building AI with the money ultimately generated using it. They revisit the AI bull case, the extraordinary capital spending behind the buildout, and why the companies selling the picks and shovels may be telling a very different story from the businesses expected to eventually justify the investment. They also break down the latest jobs report, inflation risks, oil-market tightness, developments around Iran, and what the market may be overlooking heading into the second half of the year.

August 6, 2026 – Has the AI debate reached a turning point? Zach Abraham and Chase Taylor revisit one of their biggest investing themes after hearing a compelling counterargument from venture capitalist Gavin Baker. They discuss why the AI buildout may be more durable than skeptics expected, whether capital spending is actually creating long-term value, rising Treasury yields, oil's rebound, and why changing your mind when the facts change is a strength—not a weakness.

August 5, 2026 – One of the most dangerous investing mistakes isn't believing someone else—it's believing yourself too much. Flying solo, Zach Abraham discusses why the best investors constantly challenge their own assumptions, revisits the AI investment debate with a surprising counterargument, explains why chip companies may deserve a second look, and why separating conviction from confirmation bias is critical in today's market. He also covers oil, geopolitics, and why great investing often starts by asking, "What if I'm wrong?"

August 4, 2026 – Stocks pushed to fresh highs as investors embraced optimism around the Middle East, falling oil prices, and lower Treasury yields. But has anything fundamentally changed? Chase Taylor discusses why markets may be reacting more to headlines than reality, whether the recent drop in oil prices is justified, how negotiations with Iran could actually unfold, and why Japan's currency intervention may not solve its underlying problems. They also break down market leadership, Treasury yields, Bitcoin as a liquidity indicator, and why investors should separate short-term narratives from long-term fundamentals.

August 3, 2026 – Markets continue climbing even as long-term Treasury yields remain elevated, geopolitical risks persist, and investors pour even more money into the biggest AI winners. Zach Abraham and Chase Taylor discuss why the latest hyperscaler rally may be one of the strangest market moves they've ever seen, how market structure is overwhelming traditional price discovery, whether AI spending is creating a dangerous feedback loop, and why political incentives continue to complicate both monetary policy and global energy markets. They also cover negotiations with Iran, oil prices, the Fed's increasingly difficult position, and why understanding incentives matters more than chasing headlines.

July 31, 2026 – Amazon's earnings, Apple's selloff, soaring Treasury yields, and AI spending continue to send conflicting signals across the market. So what's actually driving prices? Zach Abraham and Chase Taylor discuss why hyperscaler valuations continue to climb despite rising rates, whether Microsoft's accounting changes reveal a deeper issue with AI economics, why Amazon's capital spending could create opportunities elsewhere, and what today's market structure says about price discovery. They also break down developments in the Strait of Hormuz, oil prices, the Strategic Petroleum Reserve, the Fed's growing challenge as long-term yields rise, and why political incentives continue to shape economic decisions.

July 30, 2026 – Microsoft surged after earnings, Amazon rallied, Meta stumbled, and the market celebrated another wave of AI optimism. But beneath the headlines is a much bigger question. Zach Abraham and Chase Taylor examine what Microsoft's results actually mean, why extending data center depreciation schedules caught their attention, whether Wall Street is properly valuing AI infrastructure, and why long-term Treasury yields may still matter more than the latest earnings beat. They also discuss Japan's currency intervention, bond market signals, commodities, and why markets often look strongest just as investors stop asking the hard questions.

July 29, 2026 – Zach Abraham and Chase Taylor break down the latest Federal Reserve meeting, why rising long-term Treasury yields may be doing the Fed's job for them, and what that means for investors. They discuss the implications of 5%+ long bonds, market liquidity, AI infrastructure spending, Apple's valuation, Japan, and why today's market may be entering a very different phase than investors have grown accustomed to.

July 28, 2026 – Zach Abraham and Chase Taylor examine a different way to understand the AI boom: not simply as a technology cycle, but as a debt-financed real estate and infrastructure buildout. They discuss data centers, construction lags, rapidly depreciating assets, hyperscaler debt, and what could happen if demand growth slows after the supply has already been built. They also cover falling oil and metals prices, tomorrow's Federal Reserve decision, Apple's valuation, opportunities in Japan, and the continued unwind across memory and semiconductor stocks.

July 27, 2026 – Chase Taylor flies solo to break down a dramatic reversal in oil prices following geopolitical tensions in the Middle East. He explains why the market sold off despite major infrastructure damage, what to watch next, and why the duration of supply disruptions matters far more than the initial headlines. Chase also covers Nvidia, Chinese AI, software, semiconductors, and the key market themes investors should be watching this week.

July 24, 2026 – Zach Abraham and Chase Taylor break down another unusual week in the markets, discussing why investors continue to shrug off risks that historically would've mattered. They cover market breadth, AI, liquidity, earnings, bonds, commodities, and what today's environment may be telling us about investor psychology.

July 23, 2026 – Zach Abraham and Chase Taylor discuss why rising oil prices, higher Treasury yields, and escalating geopolitical risks are creating a market environment that feels increasingly tilted toward downside risk. They also break down Google, Tesla, AI spending, corporate earnings, and why risk management matters more than chasing the next rally.

July 22, 2026 - Stocks continue to push higher, but other markets aren't telling the same story.In this episode of Know Your Risk, Zach Abraham and Chase Taylor discuss rising Treasury yields, climbing oil prices, AI-driven market leadership, Google and Tesla earnings, and why today's market action may be masking some important underlying divergences. They also explain why fundamentals—not headlines—ultimately determine where markets go.Register Here for Zach's upcoming "Market Blind Spots" Webinar – July 23rd at 3:30pm PST:KnowYourRiskPodcast.com

July 21, 2026 - Stocks surged, AI continued to dominate headlines, and investors celebrated another strong day—but beneath the surface, the market may be telling a very different story. Zach Abraham and Chase Taylor explain why the simultaneous move in stocks, oil, interest rates, and the U.S. dollar caught their attention, why AI and software are diverging, and how they're thinking about energy, valuations, and risk as markets continue climbing. Register Here for Zach's upcoming "Market Blind Spots" Webinar – July 23rd at 3:30pm PST:KnowYourRiskPodcast.com

July 20, 2026 – Zach Abraham and Chase Taylor discuss one of the biggest disconnects in today's markets: why oil prices remain remarkably calm despite escalating conflict around the Strait of Hormuz. They also break down Tesla's earnings, why markets continue rewarding risk, China's surprising resilience, and what investors should watch if geopolitical risks begin colliding with economic fundamentals.Register Here for Zach's upcoming "Market Blind Spots" Webinar – July 23rd at 3:30pm PST:KnowYourRiskPodcast.com

July 17, 2026 – Chase Taylor breaks down another rise in oil prices as shipping through the Strait of Hormuz remains severely restricted and the risk of disruption spreads toward the Red Sea. The market appears to assume the United States can de-escalate whenever it chooses—but what happens if Iran decides not to stop? Chase examines the low-probability, high-impact scenario that could send oil sharply higher, along with China's latest AI breakthrough, weakness in the biggest technology names, a potential turnaround in New Zealand, and why modern warfare is exposing serious flaws in America's defense strategy.Register Here for Zach's upcoming "Market Blind Spots" Webinar – July 23rd at 3:30pm PST: KnowYourRiskPodcast.com

July 16, 2026 - Markets are pricing the war as though the biggest energy risk is simply whether the Strait of Hormuz opens or closes. Chase Taylor argues that the more dangerous scenario may be lasting damage to refineries, pipelines, export terminals, and other infrastructure that cannot reopen overnight. With semiconductor and memory stocks already experiencing violent drawdowns, leverage is beginning to reveal itself in unexpected places. A sudden energy shock could expose even more of it—spilling into equities, bonds, currencies, inflation, and consumer spending. The question is not whether the worst-case scenario is inevitable. It is whether portfolios are prepared for a risk that markets appear to be treating as though it barely exists.Register Here for Zach's upcoming “Market Blind Spots” Webinar — July 23 at 3:30 PM PST:KnowYourRiskPodcast.com

July 15, 2026 — Is today's market another dot-com bubble, or is something fundamentally different this time? Zach argues that while parts of the market are clearly overheated, many of the underlying businesses are real—and that distinction matters. He explains why volatility may be the price investors pay for long-term opportunity, why relative valuations still matter, and where he believes investors should be looking despite the noise.Register Here for Zach's upcoming "Market Blind Spots" Webinar – July 23rd at 3:30 PM PST:KnowYourRiskPodcast.com

July 14, 2026 - A cooler inflation report gave markets another reason to celebrate—but does it actually solve the bigger problem? Zach and Chase dig into why lower inflation, rising oil prices, housing affordability, tariffs, and Federal Reserve policy may all be pulling in different directions. More importantly, they explore the uncomfortable tradeoffs policymakers face when trying to fix an economy distorted by years of easy money. The conversation ends with a provocative question: What if the solution everyone wants isn't actually the solution the economy needs?

July 13, 2026 - When geopolitical tensions rise, investors instinctively expect one thing: higher oil prices and market turmoil. But markets don't always follow the obvious script. Zach and Chase break down why the latest Middle East developments haven't produced the lasting shock many expected. From the Strait of Hormuz and global energy flows to liquidity, inflation, and market psychology, they explore why markets often price fear differently than headlines suggest.

July 10, 2026 - Markets closed the week with another quiet session, but Chase Taylor argues that the more interesting story isn't what stocks did today—it's how persistent inflation continues to reshape everyday decisions. From AI spending and Meta's capital allocation to an unexpected observation about RVs, Chase explores how people adapt when higher prices become the new normal. Those behavioral shifts may create investment opportunities in places most investors aren't even looking.

July 9, 2026 – AI investment continues to accelerate, but the cost of competing may be rising faster than investors realize. Chase explains why massive AI capital spending is putting pressure on corporate balance sheets, why Oracle's credit downgrade matters, how new equity issuance could affect markets, and what investors should watch next.

July 8, 2026 – Oil is moving again, but Chase explains why crude prices may still be the wrong thing to watch. With gasoline and diesel prices remaining elevated, crack spreads surging, and tensions in the Strait of Hormuz escalating, the bigger macro risk may be showing up in the products consumers actually use—not the oil headline investors are watching.

July 7, 2026 – Chase breaks down why he believes Wall Street may be getting one of the market's biggest stories wrong. He explains why SpaceX's valuation could face much tougher challenges than investors expect, discusses rising oil prices and the geopolitical risks surrounding global energy markets, and examines China's growing push to build a fully integrated AI ecosystem.

July 6, 2026 – Chase breaks down today's market rally, why the leadership underneath the surface may be more important than the headlines, what Rivian's surprise capital raise could mean for investors, and why software, global markets, and select sectors continue to stand out despite a quiet week for economic data.

July 2, 2026 – The AI story is evolving. Chase explains why the next phase won't be about building the biggest models, but about making AI cheaper, more practical, and commercially viable. He also covers today's market action, software versus semiconductors, Tesla's selloff, and where investors may be rotating next.

July 1, 2026 – You don't have to agree with someone 100% to support them. In this episode, Zach explains why he believes one of the biggest mistakes in today's energy debate is blaming the wrong people for high gasoline prices. He and Chase break down refining capacity, crack spreads, AI infrastructure, Meta's excess compute, and why following the evidence matters more than defending a narrative.

June 30, 2026 – Oil prices have fallen, but gasoline and refined product prices are telling a different story. Chase explains why the market may be focusing too much on crude oil and not enough on refining capacity, crack spreads, China's role in global product supply, and why lower oil prices may not be enough to bring inflation pressure down for consumers.

June 29, 2026 – Stocks are rallying, oil is falling, and investors are celebrating another ceasefire. But what if the market isn't responding to fundamentals at all? Zach and Chase discuss why today's price action may be driven more by positioning and capital flows than underlying economic reality, why traditional price discovery feels absent, and what that means for investors trying to separate headlines from long-term fundamentals.Do you know how much risk your portfolio is exposed to? How are you positioned for the future? Get all the information you need by getting a free Know Your Risk portfolio review with Bulwark today.Learn more: https://bulwarkcapitalmgmt.com/Listen to Know Your Risk Podcast wherever you get your podcasts.Find Zach on X: https://x.com/KYRRadioFollow on Instagram and TikTok: @KnowYourRiskPodcast

June 26, 2026 – Zach and Chase are joined by Brent Johnson, CEO of Santiago Capital and creator of the Dollar Milkshake Theory, for a wide-ranging conversation on the forces shaping the global economy. Brent explains why the U.S. dollar may remain stronger than many investors expect, how AI and capital spending are changing markets, and why today's macro environment demands patience more than prediction. If you want a deeper understanding of currencies, liquidity, and where the global economy could be headed next, this is an episode you won't want to miss.

June 25, 2026 - AI investment continues at a historic pace, but the biggest question isn't whether the technology works—it's whether anyone will pay for it. Zach and Chase discuss the growing disconnect between AI spending and consumer adoption, why memory prices and infrastructure costs are rising, and what happens when markets price in perfection long before the business model is proven.

June 24, 2026 - The war happened. The oil was lost. And yet the market is acting as if none of it ever occurred. Zach and Chase conduct a rare real-time postmortem on one of their biggest macro trades, discussing what they got wrong, what they got right, and why price action can sometimes move far away from underlying fundamentals. They explore oil markets, trader positioning, risk management, peace-deal expectations, and the lessons investors should take away when markets refuse to behave the way the data says they should.