The Investopedia Express with Caleb Silver

The 90-day tariff truce boosted markets and propelled the Nasdaq into a new bull market as the A.I. trade got some beneficial treatment from the White House, Is there any conviction behind this rally, or is it simply short covering ahead of the summer season? Plus, Moody's downgrades the U.S. credit rating on concerns about rising debt levels, but investors have plenty of other concerns. LINKShttps://www.investopedia.com/what-to-expect-in-the-markets-this-week-11734954https://www.investopedia.com/terms/s/shortcovering.asphttps://www.investopedia.com/tariffs-may-pinch-profits-at-walmart-retailer-says-11735725https://www.moodys.com/web/en/us/about-us/usrating.htmlhttps://www.bespokepremium.com/interactive/research/think-big-blog/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

You Can Now Trade eToro on the eToro online brokerage platform as the company joined the capital markets through an IPO on the Nasdaq. Co-founder and CEO Yoni Assia on the platform's long journey from its origins in 2007, through the Great Financial Crisis, the pandemic and the dawn of cryptocurrency to its debut as a public company.LINKS:https://www.etoro.com/about/https://www.investopedia.com/etoro-review-6741360 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Fed Chair Powell is preaching patience as the Fed held interest rates last week, but individual investors have been leaning back into the stock market after a historical bout of pessimism. The tariff tantrum has reset the all-important CAPE Ratio, and while the fundamentals look a little better right now, the future of corporate profits is the $22 trillion question as trade negotiations continue. Plus, what to expect this week as new inflation reports and consumer sentiment readings are coming our way. Resource linkshttps://www.spglobal.com/spdji/en/spiva/article/us-persistence-scorecard/https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11731294https://www.investopedia.com/us-and-china-are-meeting-to-talk-trade-tariffs-this-weekend-heres-what-we-know-update-11731774https://www.investopedia.com/terms/c/cape-ratio.asphttps://classic.foodandwine.com/https://www.downtownjoshbrown.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

It may have come as a surprise to those of us in attendance at the Berkshire Hathaway meeting in Omaha this Saturday, but Warren Buffett gracefully said he'll be stepping aside as CEO at the end of the year, ending the greatest 60-year run in business history. The 94-year old paved the way for his successor, Greg Abel, but reassured investors and the Berkshire faithful that he'll be hanging around to provide his infinite wisdom to the new leadership team, and to the rest of us. Listen to Warren's enduring words of wisdom, and to his faithful investors and students who are on the lifelong investing journey with him. Links for show notes:https://www.investopedia.com/terms/m/marketcapgdp.asphttps://www.investopedia.com/articles/markets/041714/how-warren-buffett-made-berkshire-hathaway-worldbeater.asphttps://www.investopedia.com/warren-buffett-to-step-down-as-ceo-of-berkshire-hathaway-at-year-end-11727785https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11725770https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.htmlhttps://www.investopedia.com/terms/s/sell-in-may-and-go-away.asphttps://buffett.cnbc.com/warren-buffett-archive/https://www.investopedia.com/terms/m/marketcapgdp.asphttps://www.youtube.com/watch?v=1Nvte97VM6Y Learn more about your ad choices. Visit podcastchoices.com/adchoices

Chef Kwame Onwuachi is one of the most influential and innovative chefs working today. A James Beard Award-winner, best-selling author, entrepreneur, and storyteller, Chef Kwame derives his inspiration from the world and the communities he grew up with in the Bronx, NY, and his never-ending educational journey through food, flavor and history. Our conversation took place at Future Proof CityWide in Miami Beach in March, as part of the Recipe for Innovation Live series from Invesco QQQ, in partnership with Investopedia and Food and Wine. Resources: https://www.invesco.com/qqq-etf/en/recipe-for-innovation.htmlhttps://www.tatiananyc.com/https://www.kwameonwuachi.com/https://www.foodandwine.com/author/ray-islehttps://futureproofhq.com/citywide/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

A de-escalation in the tariff sabre rattling between the U.S. and China brought the buyers back into the stock market, lifting it well out of correction territory as investors hope for cooler heads to prevail. But the damage to retail supply chains may have been done as the National Retail Federation warns of a 20% hit to sales if the tariffs remain on core items, and the big ticket holiday spending events like Halloween may be at risk.Plus, a rare breadth indicator resurfaces as stocks surge, reminding us that we are investing in a headline driven environment. Resources:https://nrf.com/media-center/press-releases/import-cargo-levels-to-drop-sharply-amid-new-tariffs-and-uncertainty https://www.investopedia.com/what-to-expect-in-the-markets-this-week-april-28-2025-11721321 https://www.hiaonline.org/news/698973/Press-Release---Tariffs-Threaten-to-Cancel-Halloween-and-Cripple-Christmas.htm https://www.investopedia.com/terms/b/breadth-thrust-indicator.asp https://www.carsongroup.com/insights/blog/team-members/ryan-detrick/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

David Booth, the founder and Chairman of Dimensional Funds, on how he and a group of future Nobel Prize winners came together at the University of Chicago in the late 1960's and 70's and revolutionized the investing world by applying data, for the first time, to quantify the real performance of the stock market, and to shine a glaring spotlight on the way Wall Street used to work. In the process, they created Dimensional Funds - one of the most successful investing firms in history. LINKS: https://www.dimensional.com/us-en/who-we-are/about-us https://www.youtube.com/watch?v=T98825bzcKw Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Big Money continues to flee U.S. assets amid more policy uncertainty and lack of guidance from C-Suites, but that hasn't stopped individual investors from trying to buy the dips. That strategy has backfired, but they show no signs of giving up, yet. Plus, the president brings the smoke to the Fed Chair, but Powell may be protected by a key piece of legislation from 1913. Resource links: https://www.vandaresearch.com/ https://www.investopedia.com/investors-are-scared-but-not-selling-these-stocks-are-keeping-them-in-the-market-11716780 https://www.investopedia.com/terms/f/1913-federal-reserve-act.asp https://www.investopedia.com/trump-hints-at-firing-powell-after-fed-chair-signals-no-rate-cut-soon-11717006 https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11717208 https://www.vandaresearch.com/  https://www.investopedia.com/investors-are-scared-but-not-selling-these-stocks-are-keeping-them-in-the-market-11716780 https://www.npr.org/2025/04/17/1245273497/economic-lessons-learned-from-investopedia-and-ferris-bueller Learn more about your ad choices. Visit podcastchoices.com/adchoices

As the biggest stocks in the market continue their dizzying selloff, retail investors have been buying the dip at levels we haven't seen since just after the pandemic lockdowns. Vanda Research reported record inflows into the Magnificent 7 and other widely-held stocks like Palantir after April 2nd, and buying the dip has proved very painful during this correction. Marco Iachini, the S.V.P. of Research for Vanda Research, joins the Investopedia Express Conversation Series to break down what we've been buying, and searches for signs of capitulation across the stock market. LINKS FOR SHOW NOTES: https://www.vandaresearch.com/ https://www.investopedia.com/investors-are-scared-but-not-selling-these-stocks-are-keeping-them-in-the-market-11716780 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Last week's softening of the Trump administration's tariff policies super charged the stock market to its biggest daily gains in years, but incoherent messaging from the White House has investors second-guessing the rally in stocks and selling U.S. Treasuries and the Dollar. Plus, retail investors have been trying to catch falling knives amid the market volatility by buying the dips, but that strategy has backfired in this cycle, and trust in our capital markets has been compromised. And, big bank CEOs are warning about a recession, but beauty stylists are already seeing it show up at the salon. Links for show notes: https://content.govdelivery.com/bulletins/gd/USDHSCBP-3db9e55?wgt_ref=USDHSCBP_WIDGET_2 https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/trump-exempts-smartphones-computers-chips-from-tariffs-11714237 https://www.investopedia.com/terms/l/lipstick-effect.asp Learn more about your ad choices. Visit podcastchoices.com/adchoices

Steve Eisman, who was profiled in the terrific book and movie, "The Big Short", explains why he's not shorting any parts of the market right now, but what he would bet against under certain conditions. He explains what's different about this recent volatility and the Great Financial Crisis and the crash of 1987, and how the tariff war might play out as negotiations continue. Plus, his thoughts on Steve Carell's portrayal of him in the movie and how that has changed his life. Links: https://www.audacy.com/podcast/the-eisman-playbook-048f2 https://www.investopedia.com/articles/investing/020115/big-short-explained.asp Learn more about your ad choices. Visit podcastchoices.com/adchoices

Liberation Day last week brought the biggest selloff in the stock market since the early days of the pandemic as investors couldn't get out of stocks fast enough, putting a swift end to the bull market that began running in October of 2022. Fed Chair Jerome Powell preaches patience as the impacts of the tariffs are still unknown, but consumers and investors haven't been this pessimistic in years. We lay out three scenarios for what might happen next in the tariff war, but one thing is for certain - no one - not even our elected officials, really knows. Plus, the Fed Chair shares his favorite economic indicator and Grateful Dead albums. LINKS for show notes https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/ https://sabew.org/ https://www.investopedia.com/stocks-just-had-one-of-their-worst-weeks-of-this-century-update-11709694 https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11708734 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Investors have been bracing for, and selling ahead of April 2nd, dubbed "Liberation Day", by The White House, when hundreds of billions of dollars in tariffs are set to be imposed on Canada, Mexico and China. That has driven consumer and investor sentiment down to multi-year lows as we ready ourselves for more inflation and profit pressure. Meanwhile, the rise of a new coalition of autocracies called the CRINK's has been very busy doing business with one another in Russia, China, Iran and North Korea, and they are doing it without the Dollar. What a declining greenback means for the strength of the U.S. economy as it enters a new era of protectionism. LINKS for show notes: https://www.bis.doc.gov/index.php/other-areas/office-of-technology-evaluation-ote/section-232-investigations https://www.investopedia.com/terms/p/protectionism.asp https://globaltradealert.org/ https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11704419 https://www.investopedia.com/investors-are-gripped-by-fear-and-distrust-but-hold-onto-favorite-stocks-11703339 https://www.youtube.com/watch?v=lnG2EvqRKbA Learn more about your ad choices. Visit podcastchoices.com/adchoices

Stocks rallied last week following dovish comments and forecasts from the Federal Reserve, but Chair Powell said inflation may be 'transitory', which brought back nasty flashbacks from 2021. Investors are as bearish as ever, but retail investors have been buying the dip on our favorite stocks that are way off their recent highs. Is our timing terrible, or have we decided that the market has bottomed and the tariffs that go into effect next week will just be a minor adjustment? Plus, what the SKEW Index is telling us, and what to expect in the stock market and the economy this week. LINKS FOR SHOW NOTES: https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11700527 https://www.investopedia.com/terms/s/skew-index.asp https://www.cboe.com/us/indices/dashboard/skew/ https://www.carsongroup.com/insights/blog/four-reasons-not-to-panic-and-sell-right-now/ https://www.investopedia.com/dot-plot-spotlight-fed-sees-interest-rate-cuts-coming-11699946 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Seema Shah, the Chief Global Strategist at Principal Asset Management, on how and where to invest as tariff and policy uncertainty roils markets and economies. In an unpredictable investing landscape, Seema helps us focus on the real trends, assets and indicators that can lead us to a clearer path. LINKS https://www.principalam.com/us/insights https://www.linkedin.com/in/seemavshah/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

The S&P 500 fell into a correction last week as sentiment soured to multi-year lows amid tariff and economic policy uncertainty. Don't look now, but credit spreads are widening, pushing the Fed into the caution zone ahead of this week's pivotal meeting on interest rates. Plus, six ways to protect your portfolio if you can't sleep at night, and believe it or not, a big IPO is heading our way. Links for show notes:  https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.pdf https://www.sec.gov/Archives/edgar/data/2003292/000162828025012824/klarnagroupplcf-1.htm https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11696253 https://www.investopedia.com/terms/c/creditspread.asp Learn more about your ad choices. Visit podcastchoices.com/adchoices

Another week of selling as the stock market suffers its worst week since early September sending the Nasdaq into correction territory and triggering the very rare and very dangerous Titanic Syndrome. Plus, the headline numbers and the Fed Chair both say the economy is in a good place, but that depends where you live inside of it. We break down the Good, the Bad, and the Ugly inside the economy today, and explain why 'stagflation' is back in the conversation. LINKS FOR SHOW NOTES https://www.investopedia.com/terms/s/stagflation.asp https://www.atlantafed.org/cqer/research/gdpnow https://www.investopedia.com/fed-chair-powell-confirms-wait-and-see-approach-to-rate-cuts-11693204 https://www.investopedia.com/job-market-bounced-back-in-february-11692802 https://www.investopedia.com/terms/h/hindenburgomen.asp Learn more about your ad choices. Visit podcastchoices.com/adchoices

February was a short and brutal month across the capital markets as the momentum trade into Big Tech and A.I. stocks reversed, leaving a pile-up of major losses across investors' favorite stocks. The White House dropped a new executive order to build a 'Strategic Crypto Reserve', breathing some bullishness back into the beleaguered crypto patch, and Wall Street has dusted off an old, but risky strategy called 'Portable Alpha', to find the next moonshot stocks. LINKS FOR SHOW NOTES: https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11687706 https://www.investopedia.com/terms/p/portablealpha.asp https://www.investopedia.com/trump-says-canada-mexico-tariffs-will-take-effect-next-week-china-rate-to-double-11687476 https://www.economy.com/economicview/analysis Learn more about your ad choices. Visit podcastchoices.com/adchoices

A swift drop in investor and consumer sentiment rattled the ‘Immaculate Rotation' from growth to value stocks, sending the stock market off of record highs. But that hasn't stopped retail traders from rushing back into the stock market at levels approaching 2021 highs in search of dips across mega cap tech, A.I. and consumer discretionary stocks. Is our timing as bad as it was during Roaring Kitty's heydays? Plus, Warren Buffett's annual shareholder letter dropped Saturday with its usual dose of wisdom and humility. But it's hard to be humble when your holding companies generated $47 billion in operating profit last year, and you are sitting on $343 billion in cash. https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11683487 https://www.investopedia.com/berkshire-hathaway-earnings-q4-fy24-warren-buffett-11684624 https://www.investopedia.com/featured/original/investopedia-explains https://www.bespokepremium.com/interactive/research/think-big-blog/ https://www.vandaresearch.com/news/ https://berkshirehathaway.com/2024ar/2024ar.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

Stocks snapped a two-week, battling through tariff and inflation headlines, to come within a fraction of all-time highs. What's driving the market higher now, what's different about today's rally, and why are global stocks spiking in the age of American Exceptionalism? Plus, welcome to the age of Electricity as demand to power the data centers and robotics revolution is set to soar to new heights, bringing power stocks along with it. And, the most important words being spoken on earnings conference calls tell us a lot about the precarious mental state of corporate America. One of the most important is in Latin. LINKS FOR SHOW NOTES https://www.iea.org/news/growth-in-global-electricity-demand-is-set-to-accelerate-in-the-coming-years-as-power-hungry-sectors-expand https://www.investopedia.com/terms/p/price-earningsratio.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11679263 https://www.investopedia.com/terms/o/operatingearnings.asp https://www.tker.co/ https://bilello.blog/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Investors are bracing for more political chaos after last week's tariff wars which tripped up sentiment, sending the dollar higher and Gold to record levels. Why the strong dollar is pinching corporate profits inside the biggest companies in the world, and what they are saying about it. Plus. The President's holding company just announced the registration of new ETFs and SMAs that track his "America First" agenda. While conflicts of interest and the executive branch of government have always had a cosy relationship, we've never seen this kind of securitization of America's policies. And, new tax proposals are about to hit Congress where the real fight over America's fiscal future is about to get interesting, including the potential closure of the carried interest loophole. LINKS FOR SHOW NOTES https://russellinvestments.com/us/blog/us-tariffs-potential-implications https://www.imf.org/en/Publications/WEO/Issues/2025/01/17/world-economic-outlook-update-january-2025 https://www.globenewswire.com/news-release/2025/02/06/3022027/0/en/Trump-Media-Registers-Trademarks-for-Truth-Fi-Investment-Vehicles.html https://www.investopedia.com/terms/c/carriedinterest.asp https://www.congress.gov/bill/118th-congress/senate-bill/2463/text https://www.investopedia.com/these-two-assets-will-have-the-best-returns-under-trump-per-investopedia-s-readers-8787190 https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8786864 Learn more about your ad choices. Visit podcastchoices.com/adchoices

A jam-packed January full of news also brought DeepSeek into the future of A.I. conversation, deep-seating Nvidia as the world's most valuable company, and calling into question the hundreds of billions of dollars of spending by Big Tech on semiconductors to control the future. The Fed punted on interest rates, as expected, but now new tariffs on Canada, Mexico and China threaten to upend the effects of monetary policy and bring more inflation to our doorsteps. Plus, scholars take shots at the Efficient Market Hypothesis, and ask whether passive investing has actually made the stock market inefficient. LINKS FOR SHOW NOTES https://www.whitehouse.gov/presidential-actions/2025/02/imposing-duties-to-address-the-flow-of-illicit-drugs-across-our-national-border/ https://www.investopedia.com/trump-tariffs-enacted-saturday-what-you-need-to-know-8783771 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3821263 https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8783286 Learn more about your ad choices. Visit podcastchoices.com/adchoices

On The Express this week, we dissect the flurry of economic executive orders and announcements from the Trump administration and identify the new power brokers influencing markets and the future of A.I. The Federal Reserve will meet on interest rates for the first time this year and the first time under this administration, which has been demanding lower rates. Plus, DOGE, led by Elon Musk, says it's time to stop printing the Penny, but those cents come with billions of dollars worth of complications even though they cost more to produce than they are actually worth. And, stocks touched record highs again last week, and breadth inside the markets actually improved which could set the stage for the next leg of this bull market. LINKS FOR SHOW NOTES https://www.investopedia.com/what-to-expect-from-the-federal-reserve-s-interest-rate-decision-wednesday-8779447 https://www.investopedia.com/nuscale-oklo-and-other-nuclear-stocks-soar-on-anticipation-of-ai-growing-energy-needs-8779389 https://www.investopedia.com/terms/d/dark-pool.asp https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/what-to-expect-in-the-markets-this-week-fed-powell-interest-rates-inflation-apple-tesla-microsoft-earnings-8779620 Learn more about your ad choices. Visit podcastchoices.com/adchoices

It's a newer, faster version of The Express, and we break down the path of economic policies promised by the incoming Trump administration, including what's likely to happen, and what might get challenged. Plus, the future of TikTok in the U.S. is changing by the minute, but recent developments and the seating arrangement at the inauguration tell us that the popular social video app isn't going anywhere. And, get used to hearing about the Smoot-Hawley Tariff Act of 1930, and watch for new amendments to the 95-year old piece of legislation. LINKS FOR SHOW NOTES https://www.investopedia.com/terms/s/smoot-hawley-tariff-act.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8776336 https://www.investopedia.com/trump-has-promised-these-major-economic-actions-on-day-one-8776775 https://www.bloomberg.com/features/2024-trump-day-one-agenda/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Despite the recent and relentless rise in Treasury bond yields and a sell off in the stock market, Dr. Ed Yardeni, President of Yardeni Research, remains one of the most bullish strategists out there. Yardeni, who coined the term "Bond Vigilantes", outlines the risks, probabilities and opportunities facing investors today, and explains why he sees the S&P 500 topping 10,000 by the end of the decade. Plus, expensive stocks have pushed the equity risk premium to historical lows, but those hoping for it to rise better be careful what they wish for. LINKS FOR SHOW NOTES www.investopedia.com/what-to-expect-in-the-markets-this-week-877192 https://www.investopedia.com/hiring-surprisingly-surged-in-december-8772350 https://classic.foodandwine.com/ https://www.federalreserve.gov/monetarypolicy/files/FOMC20180926tealbooka20180914.pdf https://yardeni.com/ https://yardeni.com/quicktakes/ https://www.investopedia.com/bond-vigilante-6386194 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Following back to back years of twenty-percent plus gains for the stock market, what should investors expect in 2025 as a new administration moves into Washington D.C., the U.S. economy continues to grow and consumers are feeling as confident as they have in years? Liz Young Thomas, SoFi's Head of Investment Strategy, rejoins The Express to share her outlook for 2025, including the biggest risks and opportunities on the horizon. Plus, 2024 was the second year in a row where retail investors beat the market. What would it take for a three-peat? LINKS FOR SHOW NOTES https://www.sofi.com/article/investment-strategy/liz-looks-at-the-2025-outlook/ https://www.investopedia.com/terms/j/januaryeffect.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8768364 https://www.vandaresearch.com/news/ https://www.bespokepremium.com/interactive/research/think-big-blog/ https://www.instagram.com/lizthomasstrat/?hl=en Learn more about your ad choices. Visit podcastchoices.com/adchoices

After a blowout year for Bitcoin, the runway to higher highs could be clearing as a crypto-friendly Trump administration is set to take office, institutional ownership is just beginning, and the blockchain has been firmly established across industries. Ric Edelman, the legendary financial advisor, best-selling author, award-winning radio host and founder of DACFP, rejoins The Express to peer into the future for Bitcoin and other cryptocurrencies. Plus, stocks slammed into a wall of resistance following the Fed's latest interest rate cut and indications that it may not be in a rush to do it again. Will the dip-buyers come back to start the new year with Bullish intentions? Links for show notes: https://blog.google/technology/research/google-willow-quantum-chip/ https://dacfp.com/ https://www.instagram.com/ric_edelman/ https://www.amazon.com/stores/Ric-Edelman/author/B000APYJPM https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8764806 https://www.investopedia.com/federal-reserve-officials-optimistic-in-wake-of-december-meeting-8765054 https://www.investopedia.com/terms/s/satoshi-nakamoto.asp https://www.investopedia.com/terms/p/proof-stake-pos.asp https://www.investopedia.com/terms/s/santaclauseffect.asp https://www.stocktradersalmanac.com/ https://s3.us-east-1.amazonaws.com/static.bitwiseinvestments.com/Research/Bitwise-The-Year-Ahead-10-Crypto-Predictions-for-2025.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

Austin Hankwitz, co-host of the "Rich Habits" podcast and author of the Rate of Return substack, has built a successful career as a Fin-fluencer by showing what he invests in, and what leads him to those decisions. Austin shares what he's buying now, and his perspective on how we will invest in the future. Plus, markets diverge as breadth weakens and investors chase chips and mega-cap tech stocks, yet again. Is this the beginning of a correction, or just the resumption of a young bull market that likes to follow the leaders? LINKS FOR SHOW NOTES https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8760282 https://www.investopedia.com/federal-reserve-fomc-meeting-december-2024-interest-rates-preview-8761052 https://www.investopedia.com/terms/r/reconstitution.asp https://www.instagram.com/richhabitspodcast/?hl=en https://public.com/@austinhankwitz https://www.cmegroup.com/markets/agriculture/livestock/live-cattle.html https://www.globenewswire.com/news-release/2024/12/14/2997099/0/en/Annual-Changes-to-the-Nasdaq-100-Index.html Learn more about your ad choices. Visit podcastchoices.com/adchoices

Investopedia is out with the Top Ten Terms of the Year, our list of the most searched terms, trends and themes by our millions of readers throughout 2024. Kyla Scanlon, financial educator and the author of "In This Economy", rejoins The Express to break down the top ten, and share her predictions for 2025's top terms. Plus, there are even more reasons to be Bullish as stocks and risk assets hit all-time highs. LINKS FOR SHOW NOTES https://www.investopedia.com/the-2024-investopedia-terms-of-the-year-8754569 https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8757265 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_120624A.pdf https://www.amazon.com/This-Economy-Money-Markets-Really/dp/0593727878/ref=sr_1_1? https://www.instagram.com/kylascan/?hl=en Learn more about your ad choices. Visit podcastchoices.com/adchoices

A conversation with José Andrés, world renowned chef, entrepreneur, author and humanitarian, on where he finds his inspiration and the business skills he and his team have learned through running World Central Kitchen, serving people on the frontlines of the world's greatest disasters. Hear our conversation, which includes Ray Isle, the Executive Wine Editor for Food & Wine, on innovations in wine and spirits. Plus, stocks just closed out their strongest month of the year so far, with December historically performing even higher. LINKS FOR SHOW NOTES https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8751894 https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.hbs.edu/faculty/Pages/profile.aspx?facId=6493 https://www.investopedia.com/terms/b/blackfriday.asp https://www.foodandwine.com/author/ray-isle https://wck.org/ https://joseandres.com/ https://www.investopedia.com/consumers-are-entering-the-holidays-with-a-bit-of-extra-cash-8752752 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Anna Paglia, the Chief Business Officer for State Street Global Advisors, joins The Express to help uncover where the next $10 Trillion in assets under management for the ETF industry will come from, and how soon they might find it. With over 12,000 listed ETFs globally and counting, new flavors of actively managed and crypto ETFs are the industry's next shiny things, but not all will survive and Anna tells us what they need to do in order to win over investors. Plus, markets are touching record highs again, but the breakout performance of Bitcoin and a few key stocks has masked one of the more boring bull markets in history. LINKS FOR SHOW NOTES https://www.ssga.com/library-content/assets/pdf/north-america/equities/2024/spdr-etf-impact-survey-findings.pdf https://www.asym500.com/media https://www.investopedia.com/articles/investing-strategy/071616/implied-vs-historical-volatility-main-differences.asp https://www.investopedia.com/who-is-scott-bessent-trumps-pick-for-treasury-secretary-8750750 https://www.investopedia.com/terms/d/divestiture.asp https://www.ssga.com/us/en/individual/insights/market-trends https://www.investopedia.com/what-to-expect-in-the-markets-this-week-fed-minutes-thanksgiving-earnings-8749343 https://www.statestreet.com/us/en/asset-owner/about/our-people/leaderships/anna-paglia Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ray Dalio, one of the most successful investors of all time and the author of the best selling "Principles" series, rejoins The Express to help us understand the new world order in light of the elections, geopolitical instability, climate risk and technology. The creator of the 'All Weather Portfolio', explains how he would build that portfolio today given all the risks and trends shaping this unprecedented cycle in history. Plus, Ray's thoughts on crypto, lessons for new investors, and the most important lesson he has learned in his lifetime as an investor. LINKS WITH SHOW NOTES https://www.investopedia.com/vaccine-maker-stocks-slump-after-rfk-jr-nominated-as-hhs-head-8745974 https://www.investopedia.com/what-the-republican-sweep-means-for-the-economy-8745669 https://wmi.edu.sg/programmes/dalio-market-principles-program/ https://www.principles.com/ https://www.investopedia.com/terms/e/earnings_momentum.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8745796 https://www.investopedia.com/1-in-4-investopedia-readers-say-they-now-own-crypto-the-highest-in-a-year-8745853 Learn more about your ad choices. Visit podcastchoices.com/adchoices

In the wake of the equity markets' largest election rally in history, we break down the winners across sectors, asset classes and sizes with Cameron Dawson, Chief Investment Strategist at New Edge Wealth, and look into the future for trends to watch given the policy promises of the Trump administration. Plus, the Bond Vigilantes may be starting to circle as the likelihood of tax cuts and heavy government spending are pushing Treasury yields to alarming levels even as the Fed cuts rates. LINKS FOR SHOW NOTES https://www.newedgewealth.com/team/cameron-dawson/ https://www.newedgewealth.com/insights/ https://www.federalreserveeducation.org/about-the-fed/archive-history https://www.investopedia.com/what-to-expect-in-the-markets-this-week-cpi-earnings-fed-speakers-8740185 https://www.investopedia.com/bond-vigilante-6386194 https://www.investopedia.com/terms/c/contributionmargin.asp https://www.carsongroup.com/insights/blog/author/rdetrick/ https://www.investopedia.com/bitcoin-price-tops-usd80000-for-first-time-8742854 Learn more about your ad choices. Visit podcastchoices.com/adchoices

No one wants to talk about the $1.8 Billion Federal Budget deficit - especially the two candidates running for president and their political parties. But, as Marc Goldwein of the Committee for a Responsible Budget warns, the interest costs alone to serve that debt are approaching 17% of government spending, which is more than we spend on defense, education and healthcare. Both presidential candidates are pushing policies that would only amplify that debt by trillions of dollars over the next decade, bringing with it inflation, high interest rates, a debt spiral and a massive devaluing of U.S. Treasuries. The debt matters, but don't tell Washington D.C. LINKS FOR SHOW NOTES: https://www.investopedia.com/warren-buffett-berkshire-hathaway-apple-stock-cash-pile-q3-2024-8738738 https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_110124.pdf https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8737801 https://www.crfb.org/ https://www.investopedia.com/presidents-and-their-impact-on-the-stock-market-4587369 https://www.investopedia.com/what-economists-think-harris-trump-economic-plans-presidential-election-8700373 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Stephen Sikes, the Chief Operating Officer for Public.com, explains what happened to most of the retail investors who jumped into the stock market in the middle of meme-stock mania in 2021, and what they are looking for today as market dynamics shift into a lower interest rate regime. Plus, why are yields for long term bonds spiking just as the Fed lowers rates, what made Goldman Sachs curb our expectations for future equity returns, and where are the hedge fund whales swimming lately? LINKS FOR SHOW NOTES https://www.investopedia.com/terms/r/relativevalue-funds.asp https://www.carsongroup.com/insights/blog/team-members/ryan-detrick/ https://www.jpmorganchase.com/institute/all-topics/financial-health-wealth-creation/the-changing-demographics-of-retail-investors https://www.investopedia.com/terms/c/cupandhandle.asp https://public.com/ https://www.linkedin.com/in/stephensikes/ https://www.investopedia.com/what-to-expect-in-markets-this-week-jobs-earnings-gdp-8732908 https://www.bespokepremium.com/interactive/research/think-big-blog/ https://www.hfr.com/insights-commentary/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

From Philly Phinancial Literacy Week, founder Nisiar Smith takes us inside the movement he helped create to extend financial education into the underserved communities of Philadelphia. Plus, Marc Russell, the founder of BetterWallet and one of the original Fin-fluencers, takes us on his journey from being a foster child, to climbing out of $80,000 in debt, to building a personal finance business and platform serving hundreds of thousands of people. And, more record highs for big stocks and big markets usually mean more of the same, even with rising volatility. LINKS FOR SHOW NOTES https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8729934 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_101824.pdf https://www.bespokepremium.com/interactive/research/think-big-blog/ https://sentimentrader.com/ https://www.phillyphinancial.org/ https://www.investopedia.com/boeing-union-reach-tentative-deal-to-end-5-week-long-strike-8731034 https://www.instagram.com/betterwallet/ https://www.thebetterwallet.com/ https://www.investopedia.com/terms/b/bulltrap.asp Learn more about your ad choices. Visit podcastchoices.com/adchoices

We don't like talking about money - especially among family. But family finances are the most important finances in our lives, so breaking through those barriers can unlock a lot of opportunity and prevent a lot of stress down the road. Financial advisors Luis Rosa, Anna N'Jie Konte and Denise Zapata get up close and personal at the SER Latino Summit in La Jolla to talk about the most challenging conversations they have with their clients, how to break the cycle of debt, and how to teach the power of investing and compounding to communities that have little faith in the financial system. Plus, the stock market keeps making record highs as this bull market celebrates its second birthday. The good news for investors is how young this bull is, historically speaking, and how balanced this rally has become. LINKS FOR SHOW NOTES https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8726921 https://www.investopedia.com/terms/a/adjusted-ebitda.asp https://buildabetterfinancialfuture.com/ https://www.annanjiekonte.com/ https://www.zapatawealth.com/our-team https://www.sersummits.com/ https://www.investopedia.com/etf-investors-shrug-market-uncertainties-bullish-on-mag-7-schwab-survey-finds-8726215 https://www.allstarcharts.com/blog Learn more about your ad choices. Visit podcastchoices.com/adchoices

David Faber, co-host of CNBC's Squawk on the Street, and the creator of The Faber Report, takes us through how he has broken some of the biggest business stories of the last thirty years, how the nature of business journalism has changed, and his quest to become the next host of Jeopardy. Plus, more all-time highs for the Dow and Gold as the latest jobs report fluff up the cushions for a soft landing. So why are some of the wealthiest people in the world selling their own stocks? LINKS FOR SHOW NOTES https://www.investopedia.com/terms/c/collective-bargaining.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-oct-7-2024-8722570 https://www.investopedia.com/strong-job-market-makes-recession-less-likely-economy-labor-federal-reserve-8723504 https://www.investopedia.com/us-dockworkers-suspend-strike-after-reaching-tentative-agreement-on-wages-8723165 https://insidersentiment.com/ https://www.cnbc.com/david-faber/ https://sabew.org/ https://washingtonservice.com/ https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_100424.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

From the Food & Wine Classic in Charleston, S.C., new whiskey distillers like Company Distilling are battling for shelf space and brand recognition against the giants like Jim Beam and Jack Daniels. Nate Gana, one of the foremost scotch and whiskey experts in the world, takes us inside the big business of whiskey, scotch and bourbon, where global conglomerates are battling a spirits recession, barrels are precious, and consumers have more than enough choices. Plus, it's an everything rally across the capital markets, but more record highs for gold and spiking long-term yields may be warning of trouble on the tracks. LINKS FOR SHOW NOTES https://www.investopedia.com/71-of-investors-feel-good-about-the-stock-market-here-s-what-they-re-investing-in-8717954 https://www.investopedia.com/what-to-expect-in-the-markets-this-week-jobs-report-fed-speakers-8718986 https://foodandwineclassicincharleston.com/ https://companydistilling.com/distilleries/townsend-distillery/ https://www.instagram.com/nategana/?hl=en https://singlemaltdaily.com/ https://www.foodandwine.com/the-city-that-rice-built-8695153 Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Federal Reserve went big with its first interest rate cut since 2020, and it's biggest cut in 16 years as it lowered the Federal Funds Rate by half a percent. We look at what usually happens in the stock market - which hit new record highs last week - when the Fed gets this aggressive. Plus, Dr. David Kelly, the Chief Global Strategist for JP Morgan Asset Management, joins The Express from the Future Proof Wealth Festival, to share the most important macro trends shaping the economy and stock market today. LINKS FOR SHOW NOTES: https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8715614 https://am.jpmorgan.com/us/en/asset-management/adv/bios/david-kelly/ https://x.com/callieabost/status/1837234523555144147 https://www.carsongroup.com/insights/blog/author/rdetrick/ https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/sweetspotsforstocks_transcript_new.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

Americans from every generation still believe that owning their home is one the greatest investments they will make and a key component of realizing their own version of the 'American Dream'. But rising prices and tighter supply have made that dream less of a reality for many. Angie Hicks, the founder of Angi and one of the country's leading real estate luminaries, explains how to find value and quality in today's market, and how to properly maintain that important and emotional financial asset once you own it. Plus, volatility is continuing to wear its September best as the stock market rallied last week to recover all of the losses from the prior week. As the Fed prepares to lower interest rates this week, expect the choppiness to continue. LINKS FOR SHOW NOTES: https://watchcharts.com/watches/brand_index/rolex https://www.census.gov/newsroom/press-releases/2024/income-poverty-health-insurance-coverage.html https://www.angi.com/articles/author/angie-hicks https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8710971 https://www.investopedia.com/federal-reserve-september-2024-meeting-preview-interest-rates-8711495 https://www.newyorkfed.org/microeconomics/sce.html#/ https://watchcharts.com/watches/brand_index/rolex https://futureproofhq.com/festival/agenda/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Josh Brown rejoins The Express to talk about his latest book, "You Weren't Supposed to See That: Secrets Every Investor Should Know", and explains why the relentless bid in the stock market is everlasting, where all the public companies went, the economic creation and destruction behind scarcity and abundance, why trillions of dollars in economic stimulus created economic armageddon, and other light topics. Plus, September is just being September in the stock market as a cool wind has blown trillions of dollars of market cap off of high beta stocks. Welcome to Autumn. LINKS FOR SHOW NOTES https://podcasts.thecompoundnews.com/show/TCAF/ https://www.amazon.com/You-Werent-Supposed-See-That/dp/180409059X https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8707260 https://www.investopedia.com/terms/c/convexity.asp https://www.investopedia.com/cost-of-the-american-dream-2024-8705906 https://www.ritholtzwealth.com/ https://www.investopedia.com/articles/basics/06/invertedyieldcurve.asp

Investopedia is celebrating its 25th Anniversary, and we are joining the party with the most important innovations, financial events and terms of the past quarter century. Plus, Jay Woods, the Chief Global Strategist for Freedom Capital Markets helps us prep our playbooks for the rest of the year as the stock market dances near record highs ahead of interest rate cuts and an election that is bound to deliver volatility. Summer lovin' was a blast, but it's time to reset and get back on track with The Express. LINKS FOR SHOW NOTES https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_081624.pdf https://www.freedomcapmkts.com/newsletter https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8703796 https://www.investopedia.com/warren-buffett-berkshire-hathaway-usd1-trillion-market-cap-8703150 https://www.bespokepremium.com/interactive/research/think-big-blog/

Once the playground for high-net worth and institutional investors, alternative investing is opening up to individual investors like us through ETFs and Interval funds. Shana Orczyk, the founder and CEO of Banrion Capital, also known as "The Queen of Alternatives", educates us on the universe of alternative investments outside of collectibles, and how investors can weave them into their portfolios for more precise diversification and the potential for outsized returns. Plus, Fed Chair Powell has spoken from the mountaintop in Jackson Hole, and he's telling us that the time has come for the era of high interest rates to end. Act accordingly. LINKS FOR SHOW NOTES https://www.banrioncapital.com/ https://www.investopedia.com/powell-confirms-fed-pivot-to-rate-cuts-8700557 https://www.investopedia.com/terms/a/alternative_investment.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8698293 https://etfdb.com/etfs/commodity/gold/ https://www.bls.gov/bls/empsitquickguide.htm https://www.investopedia.com/terms/s/september-effect.asp https://www.shanasissel.com/

With the Dept. of Justice's recent antitrust victory over Google and its online advertising practices ruled monopolistic, the breakup of the biggest technology companies in the world seems like a real possibility. But, as William Kovacic, former Chair of the FTC and now a Professor of Law and Global Competition at The George Washington School of Law explains, the cases against these giants can take many years to resolve, and enforcement is becoming more complicated in the era of A.I. Plus, sentiment has shifted back to the Bulls as old leaders take the reins and the market erases most of its recent losses. LINKS FOR SHOW NOTES: https://guides.loc.gov/this-month-in-business-history/july/sherman-antitrust-act-enacted https://www.law.gwu.edu/william-e-kovacic https://www.bespokepremium.com/ https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/terms/s/sherman-antiturst-act.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8696477 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_081624.pdf

On our 200th episode, JC Parets of AllStarCharts climbs back aboard The Express to assess the damage across the capital markets following the 2024 Summer Volmageddon. As it turns out, some sectors and asset classes actually got stronger despite the headlines, and may provide the set up for the next leg of this Bull Market. Plus, sentiment indicators have been flashing warning sirens among individual and institutional investors, and anxiety is riding high, so why are more individual stocks hitting new 52-week highs than any point this year? links for show notes: https://www.investopedia.com/articles/economics/08/past-recessions.asp https://www.conference-board.org/topics/CEO-Confidence https://www.investopedia.com/what-the-carry-trade-had-to-do-with-monday-stock-market-rout-8690861 https://www.optimisticallie.com/ https://www.investopedia.com/bank-of-japan-calms-markets-with-pledge-not-to-raise-rates-amid-volatility-8691554 https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8693128 https://allstarcharts.com/blog/

Stock markets around the world are melting down as the most popular trades around A.I. and Tech are unwinding amid worries about overvaluation and signs of weakness in the U.S. economy. Paul La Monica from Barron's joins The Express to help us find the key similarities and differences between the Internet Bubble of 1999 and the A.I. craze of today. Plus, one of the most popular trades in the world is grinding to a halt as the Japanese Yen strengthens against the U.S. Dollar, and it's impacting other markets around the world, and Warren Buffett's Berkshire Hathaway has been aggressively selling some of its favorite stocks, including Apple. LINKS FOR SHOW NOTES https://www.investopedia.com/what-is-the-sahm-rule-8637564 https://www.investopedia.com/the-express-podcast-episode-181-8623072 https://www.investopedia.com/key-takeaways-from-berkshire-hathaway-q2-fy2024-earnings-8689932 https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8688987 https://www.barrons.com/authors/paul-r-lamonica https://twitter.com/LaMonicaBuzz https://www.eri-c.com/

The past month has been one of the most chaotic four weeks in U.S. political history, and the election is still over three months away. Michael Townsend, Chares Schwab's political analyst and a long-time Washington watcher, joins The Express to explain what's next in the political process for the Democrats, the likelihood of major policy changes to tax rates and the Inflation Reduction Act, and what investors should stop worrying about as the election approaches. Plus, the history of stock market returns during election years, and why investors need to stay the course no matter what the polls say or who ends up occupying the Oval Office. LINKS FOR SHOW NOTES: https://www.schwab.com/learn/author/michael-townsend https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8684188 https://www.investopedia.com/ask/answers/030515/real-gdp-better-index-economic-performance-gdp.asp https://www.schwab.com/learn/washingtonwise https://www.schwab.com/learn/author/michael-townsend https://www.investopedia.com/how-big-tech-earnings-could-affect-the-market-amazon-apple-meta-microsoft-8684494

Callie Cox, the new Chief Market Strategist at Ritholtz Wealth, rejoins The Express to unpack the historic break out in small cap stocks of late, and why the prospect of lower interest rates is actually good news for investors seeking balance. Plus, Callie's advice to Millennials looking to build a balanced portfolio that doesn't look anything like their parents' standard 60/40. And, some weeks last a decade, and last week was one of them. LINKS FOR SHOW NOTES https://www.pionline.com/hedge-funds/hedge-funds-post-pretty-strong-performance-midway-through-2024-return-58 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_071924.pdf https://www.investopedia.com/ecb-holds-interest-rates-at-record-highs-lowers-inflation-forecasts-8605578 https://www.investoped...ition-8601178 https://www.ritholtzwealth.com/team/callie-cox https://x.com/callieabost

Buoyed by more record highs, investors have been reinvigorated by the prospect of interest rate cuts in September as inflation slows. But, as SoFi's Liz Young Thomas explains, interest rate cuts into a slowing economy are not always followed by great returns. Liz rejoins The Express to share her outlook for the second half of the year, and how to invest now to take advantage of sector rotation and economic headwinds. Plus, Wall Street strategists continue to raise their year-end price targets for the S&P 500 as earnings strengthen and market breadth finally opens up. LINKS FOR SHOW NOTES https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.yardeniquicktakes.com/meltup/?utm_source=substack&utm_medium=email https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8676779 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_071224.pdf https://www.sofi.com/on-the-money/category/investment-strategy/ https://www.investopedia.com/terms/e/etn.asp https://www.investopedia.com/terms/b/bullsteepener.asp

Great wine enthusiasts and collectors are no different from investors. We like to find value and growth potential before anyone else, and back the next great company or vintage. From The Food & Wine Classic in Aspen, Kerrin Laz, David Parker and Charles Antin, three of the top wine experts in the country, explain how to find the next Screaming Eagle before it leaves the nest. Learn how they use their expert palettes, deep industry knowledge and market data to find the next Unicorn wines before they triple in value, and how to care for those bottles to maintain it. Plus, their top picks today and where to find them. LINKS FOR SHOW NOTES: https://foodandwineclassicincharleston.com/ https://www.lazwine.com/ https://www.benchmarkwine.com/ https://charlesantin.com/ https://www.foodandwine.com/