Podcasts about Dispersion

This week, Miles Clark and Joseph Tuzzolo discuss market participation indicators, dispersion in sector performance, semiconductor sector participation, and aerospace and defense. Images were taken from the Nasdaq Dorsey Wright Research Platform (linked below).Get Our Weekly Newsletter:NDW Lite: https://nd.nasdaq.com/Index-Preference-Center-LP-.htmlHow to Find Us:Twitter: https://x.com/DorseyWrightNDWLinkedIn: https://www.linkedin.com/company/nasdaqdorseywright/Research: https://dorseywright.nasdaq.com

In this episode of On The Mark, host Mark Immelman welcomes back Cordie Walker (last on the show in 2019) for a practical, no-fluff conversation on what actually moves the needle for your golf game: Speed Training with intent, how to make Real Swing Changes, Practice Structure, Course Management using Dispersion, and Wedge Gapping that holds up under pressure.  Cordie shares his journey chasing 180 → 190 → 200mph Ball Speed, why most golfers “speed train” the wrong way, and how dedicated sessions (with a real warmup and real volume) raise your floor, not just your ceiling. Then the conversation pivots into improvement that transfers: Get Better Feedback (video + data), Practice with a Purpose (technique vs skill vs performance), and build a Wedge System that makes “shot #3” a weapon.  In This Episode, You'll Learn: Why “intent” is the missing ingredient in most speed training (and what a real session looks like)  The #1 speed-training sign you're actually going hard enough (yes—it should feel out of control)  How video changes everything: what you feel vs what you actually do  Why swing changes are harder than golfers think—and what it really takes to make them stick  A simple practice framework: Technique vs Skill vs Performance (and why most practice fails)  How great course management can free you up (and when “send it” actually makes sense)  Why dispersion is a shotgun pattern, not a “rifle”—and how to use it to play smarter, and A wedge gapping starting point most golfers skip (and why it's killing your scoring.) Key Takeaways: Speed is trainable—if you train it on purpose. Dedicated sessions, real warmup, and enough volume matter. Feedback is everything. Video + launch monitor data keep you honest and accelerate change. Practice needs a goal. Decide if you're working on technique, skill, or performance—then practice accordingly. Course management isn't “play scared.” Know your dispersion and make emotionless decisions—then commit. Wedge gapping wins tournaments for regular golfers. Build baselines, stop swinging wedges too hard, and refine. Download this simple to comprehend and easy to apply episode and share it with your golfing friends.  Also watch it as a vodcast on YouTube.  Search and Subscribe to Mark Immelman.

Taresh Batra, CIO of Range, says record stock dispersion is masking weakness beneath the S&P 500 (SPX) highs. He highlights pressure on high-growth software as AI lowers barriers and compresses valuations. Batra adds that defensives like the XLP ETF are holding up as investors seek stability.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Tu as tendance à t'éparpiller ?À dire oui à plein de projets… puis à ne plus savoir où donner de la tête ?Dans cette Minute Marine, je te partage une petite règle toute simple découverte dans Feel Good Productivity  de Ali Abdaal : “Hell Yeah or No”.L'idée : si un projet, une opportunité ou une idée ne t'emballe pas franchement, alors c'est… non (ou au moins “pas maintenant”)!On parle dispersion, priorisation… et du coût caché de tous les “oui” qu'on donne peut-être trop vite.Est-ce que toi aussi, tu as parfois l'impression de t'engager dans trop de projets en même temps ?(Pour me répondre, envoie-moi un mp sur Linkedin

Dispersion, Discipline, and Downside Protection in an Overcrowded Market In a market dominated by mega-cap concentration and AI-driven narratives, this episode explores the overlooked opportunity set within US small and mid cap equities. Portfolio Manager, Aman Budhwar spoke with Associate Client Portfolio Manager, Laura Baker on his disciplined, bottom-up investment framework, focused on sustainable competitive advantages, strong capital allocation, and downside protection. The conversation offers a compelling case for active management in a market rich with mispricing, where careful research and long-term thinking can uncover durable compounders beyond the headlines.

05-03-2026 - John explains what it means to be counted among the 12 tribes of the dispersion.

Click here to WATCH LIVE STREAM Worship Service on our Youtube Channel. That You May Believe, Part 15  John 7:1-52     John 7:1-2 After this Jesus went about in Galilee. He would not go about in Judea, because the Jews were seeking to kill him. 2 Now the Jews’ Feast of Booths was at hand.     John 7:3-5 So his brothers said to him, “Leave here and go to Judea, that your disciples also may see the works you are doing. 4 For no one works in secret if he seeks to be known openly. If you do these things, show yourself to the world.” 5 For not even his brothers believed in him.     John 7:6-9 Jesus said to them, “My time has not yet come, but your time is always here. 7 The world cannot hate you, but it hates me because I testify about it that its works are evil. 8 You go up to the feast. I am not going up to this feast, for my time has not yet fully come.” 9 After saying this, he remained in Galilee.    John 7:10-11 But after his brothers had gone up to the feast, then he also went up, not publicly but in private. 11 The Jews were looking for him at the feast, and saying, “Where is he?”     John 7:12-13 And there was much muttering about him among the people. While some said, “He is a good man,” others said, “No, he is leading the people astray.” 13 Yet for fear of the Jews no one spoke openly of him.    John 7:14-15 About the middle of the feast Jesus went up into the temple and began teaching. 15 The Jews therefore marveled, saying, “How is it that this man has learning, when he has never studied?”     John 7:16-18 So Jesus answered them, “My teaching is not mine, but his who sent me. 17 If anyone’s will is to do God’s will, he will know whether the teaching is from God or whether I am speaking on my own authority. 18 The one who speaks on his own authority seeks his own glory; but the one who seeks the glory of him who sent him is true, and in him there is no falsehood.     John 7:19-20 Has not Moses given you the law? Yet none of you keeps the law. Why do you seek to kill me?” 20 The crowd answered, “You have a demon! Who is seeking to kill you?”     John 7:21-24 Jesus answered them, “I did one work, and you all marvel at it. 22 Moses gave you circumcision (not that it is from Moses, but from the fathers), and you circumcise a man on the Sabbath. 23 If on the Sabbath a man receives circumcision, so that the law of Moses may not be broken, are you angry with me because on the Sabbath I made a man’s whole body well? 24 Do not judge by appearances, but judge with right judgment.”     John 7:25-27 Some of the people of Jerusalem therefore said, “Is not this the man whom they seek to kill? 26 And here he is, speaking openly, and they say nothing to him! Can it be that the authorities really know that this is the Christ? 27 But we know where this man comes from, and when the Christ appears, no one will know where he comes from.”     John 7:28-29 So Jesus proclaimed, as he taught in the temple, “You know me, and you know where I come from. But I have not come of my own accord. He who sent me is true, and him you do not know. 29 I know him, for I come from him, and he sent me.”     John 7:30-32 So they were seeking to arrest him, but no one laid a hand on him, because his hour had not yet come. 31 Yet many of the people believed in him. They said, “When the Christ appears, will he do more signs than this man has done?” 32 The Pharisees heard the crowd muttering these things about him, and the chief priests and Pharisees sent officers to arrest him.     John 7:33-34 Jesus then said, “I will be with you a little longer, and then I am going to him who sent me. 34 You will seek me and you will not find me. Where I am you cannot come.”     John 7:35-36 The Jews said to one another, “Where does this man intend to go that we will not find him? Does he intend to go to the Dispersion among the Greeks and teach the Greeks? 36 What does he mean by saying, ‘You will seek me and you will not find me,' and, ‘Where I am you cannot come'?”     John 7:37-39 On the last day of the feast, the great day, Jesus stood up and cried out, “If anyone thirsts, let him come to me and drink. 38 Whoever believes in me, as the Scripture has said, ‘Out of his heart will flow rivers of living water.'” 39 Now this he said about the Spirit, whom those who believed in him were to receive, for as yet the Spirit had not been given, because Jesus was not yet glorified.     John 7:40-44 When they heard these words, some of the people said, “This really is the Prophet.” 41 Others said, “This is the Christ.” But some said, “Is the Christ to come from Galilee? 42 Has not the Scripture said that the Christ comes from the offspring of David, and comes from Bethlehem, the village where David was?” 43 So there was a division among the people over him. 44 Some of them wanted to arrest him, but no one laid hands on him.    John 7:45-49 The officers then came to the chief priests and Pharisees, who said to them, “Why did you not bring him?” 46 The officers answered, “No one ever spoke like this man!” 47 The Pharisees answered them, “Have you also been deceived? 48 Have any of the authorities or the Pharisees believed in him? 49 But this crowd that does not know the law is accursed.”     John 7:50-52 Nicodemus, who had gone to him before, and who was one of them, said to them, 51 “Does our law judge a man without first giving him a hearing and learning what he does?” 52 They replied, “Are you from Galilee too? Search and see that no prophet arises from Galilee.”    Opposition with time.    James 4:13-17 Come now, you who say, “Today or tomorrow we will go into such and such a town and spend a year there and trade and make a profit”— 14 yet you do not know what tomorrow will bring. What is your life? For you are a mist that appears for a little time and then vanishes. 15 Instead you ought to say, “If the Lord wills, we will live and do this or that.” 16 As it is, you boast in your arrogance. All such boasting is evil. 17 So whoever knows the right thing to do and fails to do it, for him it is sin.    Psalm 90:12 So teach us to number our days that we may get a heart of wisdom.    Opposition with thirst.     Proverbs 4:23 Keep your heart with all vigilance, for from it flow the springs of life.     Galatians 5:16-18 But I say, walk by the Spirit, and you will not gratify the desires of the flesh. 17 For the desires of the flesh are against the Spirit, and the desires of the Spirit are against the flesh, for these are opposed to each other, to keep you from doing the things you want to do. 18 But if you are led by the Spirit, you are not under the law.     Opposition with trust.    Proverbs 28:26 Whoever trusts in his own mind is a fool, but he who walks in wisdom will be delivered.    Proverbs 3:5-6 Trust in the Lord with all your heart, and do not lean on your own understanding. 6 In all your ways acknowledge him, and he will make straight your paths.  Respond | Connect | Next Steps The post John: That You May Believe appeared first on Charleston Baptist Church.

This episode explores how massive structural shifts—AI, deglobalization, and the rise of passive investing—are reshaping markets and what that means for investors. Informed Momentum Company CIO Travis Prentice breaks down why 52 week highs don't mean what you think, the extreme dispersion beneath the surface of the market, why traditional definitions of risk may be flawed, and how investors should think about momentum, quality, and diversification in a rapidly changing environment.Papers and Resources Discussed:Risks Hiding in Plain Sighthttps://www.informedmomentum.com/risks-hiding-in-plain-sight-how-the-dominance-of-passive-investing-is-reshaping-market-risk/Is Quality Broken?https://www.informedmomentum.com/is-quality-broken-ai-driven-disruption-is-testing-standard-definitions-of-quality/Buy High, Sell Higherhttps://www.informedmomentum.com/buy-high-sell-higher/Topics Covered:The hidden divergence beneath index performance and why the market isn't as stable as it looksWhy value and momentum are working together—and what that signals about market broadeningHow AI and deglobalization are driving a major regime shift in marketsWhy momentum investors ignore narratives and focus purely on what's workingThe structural risks created by the rise of passive investing and index concentrationHow tracking error replaced real risk—and why that may be dangerousWhy quality stocks (especially software) are under pressure in the AI eraThe key insight behind 52-week highs as a powerful momentum signalWhy buying stocks near highs works despite investor intuitionHow momentum strategies adapt to changing leadership and market regimesThe importance of combining factors like value, momentum, and quality for long-term successTimestamps:00:00 Intro and major market shifts01:32 Market divergence beneath the surface03:00 Factor performance and broadening market trends05:13 Why market concentration hurts factor investing06:48 AI and deglobalization as structural drivers08:14 Does this environment change how you invest?11:02 Has the market sped up? Momentum implications14:00 Passive investing and hidden structural risks17:00 Tracking error vs real risk in portfolios19:00 AI as a potential change agent for markets21:09 How passive flows impact factor investing24:00 What defines “quality” in factor investing27:04 Why software and quality are under pressure29:13 AI disruption and changing expectations32:20 How to evaluate factor underperformance34:35 Comparing today's market to the 1990s37:38 Buy high, sell higher: 52-week highs41:00 52-week highs vs traditional momentum43:20 Combining signals for better outcomes46:00 Why 52-week highs improve downside protection48:17 What momentum is picking up today50:21 Misconceptions about momentum and growth52:12 Timing and implementation of momentum54:18 Momentum reversals and market behavior57:17 Future research and improving momentum signals

Looking for a financial planner?  → PlanWithJesse.com Jesse delivers a critical re-evaluation of target date funds—one of the most widely used "set-it-and-forget-it" retirement tools—arguing that while their simplicity is appealing, their real-world performance often falls short in meaningful ways. He begins by explaining how target date funds work, focusing on their defining features: the glide path (a gradual shift from stocks to bonds over time) and their structure as "funds of funds." From there, he highlights their massive dominance in retirement accounts following the 2006 Pension Protection Act, which positioned them as default investment options for millions of Americans. But the core of the episode centers on a striking finding from recent research: the average target date fund underperforms a comparable low-cost index portfolio by roughly 1% per year—an outcome driven primarily by higher fees, the inclusion of actively managed sub-funds, and tactical allocation decisions that attempt (and often fail) to outsmart the market. Jesse further explores the wide dispersion in outcomes between funds of the same "vintage," the structural limitations imposed by employer-sponsored plan menus, and the "curse of average," which makes it impossible for any single glide path to suit an individual investor's unique financial situation. Using a bread-making analogy, he argues for a simpler, more intentional portfolio construction approach built around four core ingredients: appropriate risk level, broad diversification, low cost, and behavioral sustainability. He concludes by offering a practical framework for evaluating target date funds—favoring low-cost, passively managed options from providers like Vanguard, BlackRock, and Fidelity's index series—while emphasizing that even the best target date funds are best viewed as temporary solutions or "good enough" defaults rather than optimal long-term strategies. Key Takeaways: • Target date funds are designed as all-in-one retirement portfolios that automatically adjust risk over time. Their core mechanism is the "glide path," shifting from stocks to bonds as retirement approaches. • Most target date funds are structured as "funds of funds," investing in underlying mutual funds or ETFs. • The average target date fund underperforms a comparable index-based benchmark by ~1% annually. • The "curse of average" means no single glide path can suit every investor's needs. • Effective portfolios rely on four ingredients: risk level, diversification, low cost, and behavioral fit. • Some target date funds (e.g., Vanguard, BlackRock, Fidelity Index) are significantly better than others. Key Timestamps: (02:38) – What Target Date Funds Do (08:23) – How They Took Over 401(k)s (12:01) – The 1% Problem (14:27) – Where Underperformance Comes From (20:28) – Dispersion and Illusion of Choice (24:13) – Curse of Average (32:59) – Four Key Ingredients (38:31) – Best and Worst Families Key Topics Discussed: The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques Mentions: https://www.riskparityradio.com/podcast-episodes/episode-333-putting-the-hammer-down-with-a-rant-on-target-date-funds-and-portfolio-reviews-as-of-april-12-2024 https://rationalreminder.ca/podcast/374 https://workplace.vanguard.com/investment/strategies/tdf-glide-path.html Prof Brown's Research: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3707755 More of The Best Interest: Check out the Best Interest Blog at https://bestinterest.blog/ Contact me at jesse@bestinterest.blog Need a financial planner?  → PlanWithJesse.com  The Best Interest Podcast is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

Faites le diagnostic : https://link.jyangting.com/testflowPourquoi vous n'arrivez pas à vous organiser malgré tous les conseils de productivité ?Disciplines, routines, outils, templates Notion, matrices de priorisation, méthodes miracle… Depuis des années, on répète toujours les mêmes conseils en organisation et gestion du temps. Pourtant, beaucoup de personnes restent débordées, épuisées, submergées et en surcharge mentale.Dans cet épisode, Johann Yang-Ting partage ce que 15 ans de terrain lui ont appris sur le vrai problème de l'organisation.Pas une approche théorique. Pas des conseils génériques. Mais une lecture plus profonde : si vous avez du mal à vous organiser, ce n'est peut-être pas un problème de discipline… mais un problème d'écosystème de travail.Vous découvrirez :Pourquoi les conseils classiques de productivité agissent souvent comme des pansements sur un problème plus profondLa vraie racine de la surcharge mentale, du débordement et de la dispersionPourquoi un manque d'organisation n'est pas toujours un manque de rigueurCe qu'est un écosystème de travail sain et pourquoi il change toutComment savoir si votre système de travail soutient réellement votre énergie, vos décisions et vos prioritésLes 4 piliers du modèle F.L.O.W. pour auditer la santé de votre organisationPourquoi la productivité devrait être une conséquence d'un bon système, et non un combat permanent contre soi-mêmeComment identifier les déséquilibres invisibles qui vous coûtent du temps, de l'énergie, de la clarté et de la marge de manœuvreDans cet épisode, vous allez explorer les 4 dimensions du modèle F.L.O.W. :F – Fondations : vision, cohérence, identité, direction, prioritésL – Levier : impact, efficience, capacité à obtenir plus avec moins d'effortsO – Organisation : charge mentale, priorisation, clarté, capacité à absorber la complexitéW – Wealth : souveraineté, stabilité, marge de manœuvre, liberté décisionnelleJohann présente également son diagnostic gratuit de l'organisation, conçu pour analyser en 5 minutes la santé structurelle de votre écosystème de travail et révéler vos priorités réelles.Faites le diagnostic ici : https://link.jyangting.com/testflowUn épisode essentiel pour comprendre pourquoi vous n'avez pas besoin de plus de pression… mais d'un meilleur système.Pour toute demande d'accompagnement c'est ici : https://jyangting.com/consulting/Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

This week, Mippo, Myles, and Xavier sat down to discuss the next crypto bull market, covering whether it has started, expected market breadth, rotation patterns, sector winners, the return of retail, the role of regulation, and how crypto's culture is evolving toward institutional maturity. Thanks for tuning in! – Follow Myles: https://x.com/MylesOneil Follow Xavier: https://x.com/0xave Follow Mike: https://twitter.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH —- Timestamps (00:00) Introduction (02:20) Has the Next Bull Market Started? (15:59) Broad Rally or Dispersion? (23:03) What Leads This Cycle? (30:26) Will Retail Come Back? (42:49) Winning Sectors (51:29) How Regulation Shapes This Cycle (57:30) Crypto's New Culture —-- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

1 Peter 1:1-21Peter, an apostle of Jesus Christ,To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, andBithynia, 2according to the foreknowledge of God the Father, in the sanctification of the Spirit,for obedience to Jesus Christ and for sprinkling with his blood:May grace and peace be multiplied to you.

Alex Coffey covers Monday's final takeaways and explains how headlines surrounding the U.S.-Iran War are dampening price action throughout Wall Street. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Markets rarely offer clarity when it matters most. In this episode, together with Katy Kaminski and Harry Moore, we reflect on a first quarter defined by sharp reversals, energy shocks, and rising dispersion across strategies. They explain how trend following adapted as leadership flipped across asset classes, and why results varied more than many expected. The conversation moves beyond performance to examine portfolio construction, from market selection and speed to the growing relevance of portable alpha. Along the way, they revisit periods of drawdown, investor behavior, and the role of liquidity in crisis environments, offering a grounded perspective on how systematic strategies respond when conditions change quickly.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Katy on LinkedIn.Follow Harry on LinkedIn.Episode TimeStamps:00:00 - Introduction and episode framing01:38 - Market backdrop and Q1 volatility07:29 - Trend following performance through Q109:36 - Diversification vs equities and bonds11:21 - Dispersion across managers explained14:32 - Trend vs non trend strategies18:40 - A month that tested every component of trend21:17 - Optimal market mix and research insights30:00 - Macro factors and what trend captures35:57 - Portable alpha and cash efficiency42:23 - Risks in portable alpha construction49:04 - Drawdowns and investor behavior53:37 - Why trend recovers after shocks01:00:51 - Measuring alpha in macro strategies01:06:51 - Geopolitics and future opportunitiesCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I'm really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Subscribe to the OPEX Effect on Spotify⁠⁠Subscribe to the OPEX Effect on Apple PodcastsThis episode breaks down the growing tension beneath the surface of today's markets, where volatility signals, options positioning, and macro risks like war and inflation are increasingly misaligned. Brent Kochuba and Jack Forehand explain why markets appear calm despite heavy hedging, and what that disconnect could mean for a potential volatility spike and downside move ahead.Brent Kochuba on Twitterhttps://twitter.com/SpotGammaSpotGamma Websitehttps://spotgamma.comTopics covered in this episode• Why volatility looks elevated beneath the surface even as markets remain relatively calm• The growing gap between implied volatility VIX and realized volatility and what it signals• How options expiration OPEX can create turning points in both price and volatility• Why current positioning is unusually put-heavy and what that means for downside risk• The role of market makers and hedging flows in driving market moves• How geopolitical risks like the Iran conflict are changing options behavior and hedging demand• Why correlation is spiking and what it says about investors moving from stock picking to asset allocation• The breakdown of traditional diversification including the 60/40 portfolio• How credit markets and liquidity risks could amplify equity volatility• The impact of zero DTE options and why traders are shifting to longer-duration hedges• The significance of the JP Morgan collar trade and key levels to watch into month-end• Why volatility spikes often follow periods of suppressed market movement• The potential for a sharp upside rally if geopolitical risks suddenly resolve• How options positioning can help both traders and long-term investors with timing decisionsTimestamps00:00 Volatility premium vs low market movement disconnect01:00 Why markets feel calm despite rising risks05:20 Explosion in options volume and impact of Monday Wednesday Friday expirations07:00 How market maker hedging flows drive price movements08:40 Dynamic hedging and why options impact evolves over time09:20 Why OPEX can trigger market turning points10:30 VIX expiration effects and short-term volatility suppression13:00 Negative gamma and how it amplifies market volatility14:10 Why hedging demand remains high despite OPEX clearing16:00 Jump risk scenario and potential VIX spike to 4017:10 Shift from zero DTE trading to longer-term hedging18:00 Put-heavy positioning across equities and indices20:40 Size and significance of the current OPEX event22:20 VIX spike dynamics around expiration23:40 JP Morgan collar trade and key SPX levels25:00 Why OPEX often marks short-term market lows or highs28:30 Review of prior OPEX signals and market setup30:00 Rising correlation and shift to asset allocation mindset32:00 Dispersion breakdown and implications for equities34:00 Software sector volatility and AI disruption narrative36:30 Using options signals for better timing decisions39:00 Correlation spike and risk-off behavior across markets41:30 Why investors are avoiding calls and piling into puts44:30 Cross-asset correlation breakdown and bond hedge failure48:00 Credit market risks and spillover into equities49:00 Extreme VIX vs realized volatility spread50:50 Why realized volatility remains unusually low52:30 Oil, inflation, and macro feedback loops

LEARN MORE about NDX: https://www.nasdaq.com/nasdaq-100-options-xnd-ndx?utm_medium=Podcast&utm_source=RiskReversal SUBSCRIBE to our newsletter: http://riskreversal.substack.com/ Dan Nathan & Guy Adami break down the top market headlines and bring you stock market trade ideas for Wednesday, March 18th. -- Learn more about FactSet: https://www.factset.com/lp/mrkt-callFollow us on Twitter @MRKTCallFollow @GuyAdami on TwitterFollow @CarterBWorth on TwitterFollow us on Instagram @RiskReversalMediaLike us on Facebook @RiskReversalWatch all of our videos on YouTube Learn more about your ad choices. Visit megaphone.fm/adchoices

Living Faith: Introduction to the Book of James | James 1:1 Explained launches our verse-by-verse series by exploring the background, authorship, and purpose of James's letter to the twelve tribes in the Dispersion. In this episode, we examine the identity of James the Just—Yeshua's brother and leader of the Jerusalem community—and explore why he wrote his epistle to the twelve tribes scattered abroad. Was James Torah observant? What did “twelve tribes” mean in the first century? And how does this introduction prepare us for a faith that truly lives? This teaching introduces the Book of James by clarifying who James was, when he wrote, and who his audience was. We explore the historical and prophetic meaning of “the twelve tribes in the Dispersion,” showing how James's words reflected the early Messianic Jewish hope of Israel's restoration through Yeshua the Messiah. You'll also learn why James upheld Torah observance, what it means to walk in the “perfect law of liberty,” and how faith and obedience are inseparable in biblical discipleship. This teaching builds a vital foundation for everything that follows in the epistle.

In this special 400th episode, the Rational Reminder hosts reflect on 50 years of index investing and the profound impact it has had on financial markets, investor behavior, and the cost of investing. The episode features a panel moderated by Ben Felix at the New York Stock Exchange—hosted by Vanguard and S&P Dow Jones Indices—bringing together leading voices in the indexing world to explore how passive investing evolved and what it means for the future of capital markets. Ben is joined on the panel by Tim Edwards (S&P Dow Jones Indices), Jim Rowley (Vanguard), and Shelly Antoniewicz (Investment Company Institute) to discuss the mechanics of indexing, the myths surrounding passive investing, and the evidence on how index funds affect markets. They unpack questions about market concentration, price discovery, and whether indexing is changing the structure of capital markets. Key Points From This Episode: (0:00:04) Introduction to the Rational Reminder podcast and the hosts from PWL Capital. (0:00:24) Celebrating the 400th episode and reflecting on nearly eight years of podcasting. (0:01:09) Dan Bortolotti discusses the early days of podcasting and the transition from the Couch Potato podcast. (0:02:11) The rise of podcasts and YouTube as major sources of financial education for investors. (0:02:49) How Rational Reminder grew after Dan ended his previous podcast and the demand for Canadian investing content. (0:03:47) The podcast reaches a record audience with over 384,000 views and downloads in January 2026. (0:04:19) Institutional investors—foundations, endowments, and unions—show increasing interest in PWL's low-cost index approach. (0:06:20) Why indexing can still be a difficult sell for institutional investment committees. (0:08:25) Peer effects in institutional investing: committees often hesitate to adopt strategies that seem unconventional. (0:09:11) 2026 marks 50 years since Vanguard launched the first retail index fund in 1976. (0:10:08) Ben moderates a panel at the New York Stock Exchange on the future of index investing. (0:11:55) Overview of the panel participants from Vanguard, S&P Dow Jones Indices, and the Investment Company Institute. (0:13:07) Discussion of research papers presented at the event examining index investing's market impact. (0:14:32) Historical context: the S&P 500 is currently as concentrated as it was in the mid-1960s. (0:15:36) The largest companies in 1965—AT&T, Kodak, GM, IBM—eventually faded from dominance. (0:17:43) A hidden advantage of cap-weighted indexing: investors automatically own future winners. (0:20:59) Debate about whether today's tech-heavy market concentration differs from past cycles. (0:23:30) The explosion of index funds and ETFs has created thousands of ways to implement passive strategies. (0:26:42) Technical improvements in ETF implementation, including lower tracking error and better hedging. (0:29:02) The "Vanguard Effect": index investing has driven massive reductions in investment fees. (0:29:38) Index funds account for about 23% of total U.S. market capitalization, not the commonly cited 50%. (0:32:48) Evidence suggesting index funds have not increased large-cap concentration in markets. (0:34:25) Passive funds represent only about 1–2% of daily trading activity. (0:36:16) Dispersion in stock returns remains high, meaning opportunities for active management still exist. (0:38:12) Panel begins: defining passive investing and why the term is more complex than it seems. (0:42:13) Who invests in index funds? Millions of households using them primarily for retirement savings. (0:45:22) How advisors and institutions use ETFs to build diversified long-term portfolios. (0:46:19) The surprising role of ETFs in trading and market liquidity. (0:48:30) The proliferation of niche ETFs raises questions about whether indexing has strayed from Bogle's vision. (0:49:49) Academic research offers conflicting views on indexing's effect on market efficiency. (0:52:27) Evidence suggests index fund growth has not increased market volatility. (0:54:25) Dispersion data shows indexing does not eliminate opportunities for stock picking. (0:57:15) Index funds own only about 30% of the U.S. stock market, leaving the majority in active hands. (0:59:42) Historical perspective: high market concentration has occurred before and eventually declined. (1:02:14) Research remains inconclusive about whether indexing harms markets. (1:05:25) Over 20 years, 94% of actively managed U.S. equity mutual funds underperformed the S&P 500. (1:06:20) Post-panel reflections and discussion with the Rational Reminder hosts. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on YouTube — https://www.youtube.com/channel/ Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://pwlcapital.com/our-team/ Cameron on X — https://x.com/CameronPassmore   Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)

Dans ce premier podcast de l'année 2026, nous établissons le bilan de l'année passée et faisons le point sur les objectifs et résolutions que nous nous étions fixés!Nous vous partageons nos meilleurs accomplissements de cette année 2025, nos meilleurs et pires moments, nos prédictions, mais aussi nos objectifs pour cette nouvelle année.SOMMAIRE00:00 - Introduction : Pourquoi on partage nos vraies résolutions 202601:46 - Bilan sans filtre de 2025 : Dispersion, trop d'objectifs et fatigue mentale05:37 - La méthode "Anti-Brouillard" de Charlotte pour poser ses objectifs sans paniquer09:55 - La stratégie d'Isaac pour 2026 : 3 piliers (Pro, Santé, Famille) et rien d'autre15:10 - L'exercice puissant de Charlotte : Lister ses fiertés avant de regarder la montagne18:31 - Routine du matin et gestion de l'énergie avec les enfants (sans s'épuiser)22:52 - Les "claques" de 2024-2025 : Ce que nos échecs nous ont vraiment appris27:54 - Tuer le perfectionnisme : Pourquoi se lancer à 70% est la clé de la réussite35:10 - L'outil de Charlotte pour sortir du flou et prioriser ce qui compte vraiment40:34 - Les objectifs 2026 de Charlotte : YouTube, Instagram et l'accompagnement des femmes46:44 - Transparence Argent : Nos dérives (voyages, business class) et le retour à la rigueur51:28 - Les ambitions d'Isaac : E-commerce US et la renaissance d'Enfin Libre57:08 - Conclusion : Savoir demander de l'aide et adopter le bon mindset pour changer de vie

ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!   Markets may look calm at the index level, but beneath the surface the stock market environment is becoming increasingly chaotic.   In this episode of ITPM Flash, Edward Shek looks at the growing dispersion across equities as capital rotates out of technology stocks and into other sectors. Hedge funds and long-only managers have been selling US equities at the fastest pace since last year's tariff shock, with much of that money leaving tech while some flows into cyclicals, treasuries and international markets.   At the same time, the debate around AI disruption continues to intensify. Software stocks have already suffered significant damage, and research from companies like Anthropic is raising serious questions about the long-term impact of AI on professional industries including finance, consulting, law and accounting.   Yet while the market debates the future of software, another opportunity may be emerging elsewhere.   Ed outlines the case for Roku (ROKU) — a streaming platform business that monetises user engagement through advertising, subscriptions and content distribution. The company sells low-margin streaming devices to build its ecosystem, but the real value lies in its platform economics and advertising inventory.   With around 90 million active accounts and users streaming more than four hours per day on average, Roku may be approaching the point where platform scale begins to drive meaningful operational leverage and earnings growth.   In a market defined by uncertainty, sector rotation and stock dispersion, trade opportunities increasingly come from individual stock ideas rather than broad index direction.   Enjoy the Chaos.

In this episode, Alan Dunne and Cem Karsan explore a market that appears calm on the surface yet increasingly unstable underneath. As indices move sideways, they discuss how options flows and structured products are reshaping market behavior, driving rotation rather than direction. From the weakening of former leaders to the rise of defensives, the conversation turns to what these shifts may signal about a broader topping process. They also examine the growing influence of AI narratives, political incentives, and global tensions, not as isolated shocks but as forces building pressure within the system. The result is a discussion about how markets evolve when structure, policy, and sentiment begin to move out of sync.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Cem on X.Episode TimeStamps:00:00 Intro to the Systematic Investor Series00:23 Performance check: CTAs strong, trend tailwinds03:13 Range-bound indices, but big dispersion and rotation03:45 Why options pin the index: dealer flows and vol compression05:42 Dispersion mechanics: idiosyncratic risk, falling correlation07:32 Rotation as a topping process: leaders fade, defensives rise09:54 OPEX and quarterly expiries: why timing windows matter11:56 The March support effect, then weaker flows into April17:02 AI narrative shock: anxiety, backlash, and policy consequences22:32 Populism versus deflation stories: why inflation returns32:43 Gold outlook: secular bull, but expect two-sided volatility45:45 Rates as “tectonic plates”: vol compressed now, release later50:23 Midterms, incentives, and the fight for control57:42 Liquidity loop: markets stop rising, collateral stops expandingCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I'm really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why he still believes in a growth cycle for equity markets, even as investors show growing concerns around AI.Mike Wilson: Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast, I'll be discussing recent concerns around AI disruption. It's Tuesday, February 24th at 1pm in New York. So, let's get after it. Last week you could feel it, that anxious undercurrent in the market. The headlines were noisy, volatility ticked higher, and AI disruption, once again, dominated investor conversations. But beneath the surface level unease something important happened. The S&P 500 Equal Weight Index pushed to a new relative high, keeping our broadening thesis alive and well. On one hand, investors are worried about AI driven disruption, CapEx intensity, and potential labor force reductions. On the other hand, capital is still flowing into formerly lagging areas of the market, just as the median stock is seeing its strongest earnings growth in four years. Let's unpack this. First, there's concern AI will lead to job losses. But even if that's the case, there's typically a phase-in period. Companies don't just eliminate labor overnight. Importantly, before these productivity gains are fully realized, we need broad enterprise adoption. That means building out the agentic application layer, integrating AI into workflows, retraining systems and processes. That takes time, and it is still early days in that regard. Second, what we're seeing now is typical of a major investment cycle. Volatility increases as markets challenge the pace of unbridled spending. Dispersion increases as investors debate winners and losers. Leadership rotates, sometimes sharply. There's also something different this time compared to the internet bubble of the late 1990s. Today we're in an early cycle earnings backdrop. We've just emerged from what was effectively a rolling recession between 2022 and 2025. So, as capital rotates out of the perceived structural losers, it's not just chasing long-term AI beneficiaries, it's also finding classic cyclical winners. On the losing side is long duration services-oriented sectors, particularly software. These areas are more sensitive to uncertainty around longer term cash flows. This area also has a large overhang of private capital deployed over the last 10 to 15 years. There are other forces at play too. Small cap growth, arguably the longest duration segment of the market, began breaking down in late January around the time Kevin Warsh was nominated as Fed chair. While major indices barely reacted, more speculative areas may be responding to expectations of tighter liquidity given Warsh's, reputation as a balance sheet hawk. Finally, equity markets are typically more volatile when new Fed chairs assume office. Bottom line, our broader thesis of an early cycle rolling recovery remains intact. Market internals are supportive even if index level action feels choppy. That said, near term volatility is likely to persist as we enter a weaker seasonal window for retail demand, while liquidity remains ample, but far from abundant. With this backdrop, a quality cyclical barbell with healthcare makes sense. In small caps, the higher quality S&P 600 looks more attractive than the Russell 2000. And any short-term volatility could present opportunities to add exposure in preferred cyclical areas like Consumer Discretionary Goods, Industrials, and Financials. Of course, risks remain. AI adoption could accelerate faster than expected, pressuring labor markets more abruptly. Pricing power could erode as efficiency spread, and policy makers could react in ways that slow the CapEx cycle while crowded momentum positioning remains vulnerable. Nevertheless, the signal from the internals is clear. Beneath the volatility this looks less like a market rolling over, and more like one that is confirming an early cycle economic expansion. Thanks for tuning in. I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out.

This week, we break down evidence of a quiet Main Street re-acceleration, exploding market dispersion, AI-driven shifts in correlations, why passive strategies are being disrupted, and where capital is rotating across real assets, rates, and global markets. Enjoy! — FollowTyler: https://x.com/Tyler_Neville_ Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx Join us at Digital Asset Summit 2026 in NYC March 24-26th! Use code FORWARD200 for $200 OFF! https://blockworks.co/event/digital-asset-summit-nyc-2026 __ Weekly Roundup Charts: https://drive.google.com/file/d/19aYbTDngy8hRXMYUNNxZId3oM8AsfBjv/view?usp=sharing — Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance Coinbase crypto-backed loans, powered by Morpho, enable you to take out loans at competitive rates using crypto as collateral. Rates are typically 4% to 8%. Borrow up to $5M using BTC as collateral and up to $1M using ETH as collateral. Manage crypto-backed loans directly in the Coinbase app with ease. Learn more here: https://www.coinbase.com/onchain/borrow/get-started?utm_campaign=0126_defi-borrow_blockworks_FG&marketId=0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836&utm_source=FG — Timestamps: 00:00 Intro 05:28 Main Street Re-Accelerating? 12:23 Ads (Grayscale) 13:04 AI CapEx Is Breaking Correlations (RIP Passive?) 19:55 Exploding Dispersion & Capital Rotation Plays 23:32 Retail vs Hedge Funds: Who's Crowded? 32:08 Ads (Grayscale, Coinbase) 33:43 Crowded Trades & Atoms vs Bits 39:50 AI Bottlenecks & Real Asset Rotation 50:02 Bitcoin, Crypto & Risk Appetite Check — Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #macro #investing #markets #stocks #stockmarket

In this episode of Money & Meaning, host Jeff Bernier talks with Tommy Newberry—executive coach, Wall Street Journal and New York Times best-selling author, and founder of The 1% Club and head coach of Tommy Newberry Coaching. Together, they explore what it means to live with clarity, purpose, and intentionality, especially in the second half of life. Tommy shares the core habits behind lasting success, the risks of distraction and drift, and how gratitude and reflection help fuel a meaningful life. This conversation offers a framework for those planning their next chapter with energy and direction.  Topics covered:  Tommy's early career journey and founding Newberry Consulting ● The importance of doing work that energizes you ● Finding clarity on what you want versus what you don't want  ● The key habits behind long-term success  ● The Four D's that derail progress: Distraction, Dispersion, Drift, and Delay  ● Living with your priorities in order, not necessarily "balance"  ● Developing habits and rhythms that support your goals  ● How gratitude shapes mindset and impacts daily awareness  ● The role of reflection in staying aligned with your vision  ● Encouragement for midlife professionals in Act II of life  ● Why retirement isn't the goal—building and solving remain vital  ● Helping young adults create intention in their 20s    Useful Links:    Jeff Bernier on LinkedIn: https://www.linkedin.com/in/jeffberniercfp/  TandemGrowth Financial Advisors: https://www.tandemgrowth.com/  Tommy Newberry: https://www.linkedin.com/in/tommynewberry/  The 1% Club: https://www.achievingoptimal.online/1pc-home    Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠)

Bob O'Leary (Co-CEO and Portfolio Manager, Global Opportunities) and Armen Panossian (Co-CEO and Head of Performing Credit) shared their assessment of market dispersion in a recent webcast held for Oaktree clients. They discussed the state of the private and liquid credit markets and the ways to navigate an environment characterized by increasing bifurcation into winners and losers. Listen to an excerpt from the conversation in the latest episode of The Insight: Conversations.

Our Election in Christ (4) (audio) David Eells, 1/28/26 We've covered our election in Christ previously pretty well. Today, I'm going to cover more about being predestined in Christ and its connection to Election. (Eph.1:4) Even as he chose (The Greek word here again is eklectos, “elect.”) us in him before the foundation of the world, that we should be holy and without blemish before him in love: (5) having foreordained (or “predestined”) us unto adoption as sons through Jesus Christ unto himself, according to the good pleasure of his will. Those who are elect are predestined to come into the adoption of sons, which is the same thing we just read. (Rom.8:16) The Spirit himself beareth witness with our spirit, that we are children of God: (17) and if children, then heirs; heirs of God, and joint-heirs with Christ; if so be that we suffer with [him], that we may be also glorified with [him]. Notice that those who suffer the death of their self-life, will manifest their election. What does Paul mean when he says, “Having foreordained us unto adoption as sons”? The answer is found a few verses further down. (Rom.8:23) And not only so, but ourselves also, who have the first-fruits of the Spirit, even we ourselves groan within ourselves, waiting for [our] adoption, [to wit,] the redemption of our body. Those who receive the first-fruits of the Spirit are on their way to the adoption of sons, which is when you receive your redeemed body. Notice that a child must receive the Holy Spirit to manifest sonship.  (25) But if we hope for that which we see not, [then] do we with patience wait for it. The manifestation of our sonship begins when we receive our born-again spirit and then are obedient to receive the Holy Spirit, which enables us to “walk as He walked”. Peter said that your soul is born again through your obedience to the truth. (1Pe.1:22) Seeing ye have purified your souls in your obedience to the truth unto unfeigned love of the brethren, love one another from the heart fervently: (23) having been begotten again (or “born again”), not of corruptible seed, but of incorruptible, through the word of God, which liveth and abideth. The soul is where we manifest the fruit of Christ 30-, 60- and 100-fold. Those who have a born-again soul will be given a redeemed body. A born-again soul is the “fruit” that the Bible talks about. It's the fruit of Christ in you. It's the nature of Christ. Your soul is your mind, will and emotions; in other words, it is your nature and your character. While we are still in this body, we can manifest our sonship in spirit and in soul. Full adoption comes when we receive our redeemed body. The elect were chosen in Christ before the foundation of the world (Ephesians 1:4; Revelation 13:8; 17:8) and they will manifest Christ 30-, 60- and 100-fold, according to what Jesus said (Matthew 13:23; Mark 4:20). They will manifest Christ-likeness. I want to talk about what it is to be “foreknown” and who it is whom Christ knows, because there are Christians, using the term loosely, whom Christ doesn't know, and there are Christians whom He does know. You say, “David, that sounds crazy!” No, from out of all the called among the Christians, there are those whom Christ knows and those whom He doesn't know. I'm going to prove this to you. (2Ti.2:19) Howbeit the firm foundation of God standeth, having this seal, The Lord knoweth them that are his (From the foundation of the world, they've been His because from the foundation of the world He has foreknown them.): and, Let every one that nameth the name of the Lord depart from unrighteousness. This is what proves who are God's people. The people who depart from willful sin are the ones who are His. If you depart from unrighteousness, you will be manifestly His. (20) Now in a great house there are not only vessels of gold and of silver, but also of wood and of earth; and some unto honor, and some unto dishonor. (21) If a man therefore purge himself from these, he shall be a vessel unto honor, sanctified.... Who is sanctified? The elect, who are the ones whom God foreknew, will be sanctified. We read this earlier in Peter. (1Pe.1:1) Peter, an apostle of Jesus Christ, to the elect who are sojourners of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, (2) according to the foreknowledge of God the Father, in sanctification of the Spirit, unto obedience and sprinkling of the blood of Jesus Christ: Grace to you and peace be multiplied. The Lord knows right now those who are His. (2Ti.2:21) If a man therefore purge himself from these, he shall be a vessel unto honor, sanctified, meet for the master's use, prepared unto every good work. (22) But flee youthful lusts and follow after righteousness, faith, love, peace, with them that call on the Lord out of a pure heart. The Lord knows right now those who are sanctified. Is every Christian His? Well, does God know every Christian? We've seen that those whom He foreknew, He's going to know at the end, but does He know every Christian among the called now? What is it that makes God know you? (1Co.8:3) But if any man loveth God, the same is known by him. God knows those who love Him. Notice, (Rom.8:28) And we know that to them that love God all things work together for good, [even] to them that are called according to [his] purpose. That's not everybody. (29) For whom he foreknew, he also foreordained [to be] conformed to the image of his Son, that he might be the firstborn among many brethren. The ones whom God foreknew are the ones who love Him. What distinguishes between the Christian who loves God and the Christian who doesn't love God? Jesus said, (Joh.14:21) He that hath my commandments, and keepeth them, he it is that loveth me: and he that loveth me shall be loved of my Father, and I will love him, and will manifest myself unto him. These people are Christians because they have a born-again spirit. All of the called have a born-again spirit, but not all of the called will bear fruit. The called who will bear fruit and be manifested as the elect are the ones who love God. They are going to obey God. They are going to give up their life to have His. They are going to pay the price and the Lord says He knows them. (Jer.1:5) Before I formed thee in the belly I knew thee, and before thou camest forth out of the womb I sanctified thee; I have appointed thee a prophet unto the nations. God knew us by faith before He even formed us in the womb. Amen! Another example, which is one that's constantly misused by the “once saved, always saved” crowd, is this verse: (Joh.10:27) My sheep hear my voice, and I know them, and they follow me (That's not everybody out there who ever professed the name of Christ. It's only those who professed the name of Christ and departed from unrighteousness.): (28) and I give unto them eternal life; and they shall never perish, and no one shall snatch them out of my hand. That's true; they will never perish. They will receive eternal life. Nobody will ever pluck them out of the Father's hand because they love God and so they will obey God. I didn't say they all overcome immediately, but they do obey God and they overcome. Notice, Jesus says, “I know them.” Doesn't He know everybody? Of course, God knows everybody in this world. God knows their names, and He knows everything about them, but that's not the kind of “know” He's talking about here. This word “know” is the Greek ginosko and it means the kind of personal relationship Adam had with Eve, in that Adam sowed his seed in her and she brought forth fruit. That's the kind of “know” that the Scriptures are talking about. Let me further prove to you that not every Christian, as we use the term loosely, is known by God or has ever been known by God. Jesus said, (Joh.15:2) Every branch in me that beareth not fruit, he taketh it away (This is speaking of the Father taking it away.): and every [branch] that beareth fruit, he cleanseth it, that it may bear more fruit. And now look at this verse: (Mat.7:19) Every tree that bringeth not forth good fruit is hewn down, and cast into the fire. Jesus said, “Every branch in me,” so He's talking about people who are Christians, although we use the term “Christian” very loosely nowadays. (20) Therefore by their fruits ye shall know them. (21) Not every one that saith unto me, Lord, Lord, shall enter into the kingdom of heaven (These people are calling Him “Lord.” Who else but Christians would have the nerve to do that?); but he that doeth the will of my Father who is in heaven. (22) Many will say (What “many” is this? This is the “many” who are calling Him “Lord, Lord.”) to me in that day, Lord, Lord, did we not prophesy by thy name, and by thy name cast out demons, and by thy name do many mighty works? These are Christians who are doing the “many mighty works,” unless you believe that today Satan casts out Satan, but Jesus tells us Satan doesn't cast out Satan: (Mat.12:25) And knowing their thoughts he said unto them, Every kingdom divided against itself is brought to desolation; and every city or house divided against itself shall not stand: (26) and if Satan casteth out Satan, he is divided against himself; how then shall his kingdom stand? So these people were casting out Satan and they were doing mighty works by the power of the Holy Spirit, yet in their own lives, they were not being obedient to the will of the Father. (Mat.7:23) And then will I profess unto them, I never knew you: depart from me, ye that work iniquity. What does He mean by “I never knew you”? He means, “I didn't know you from the beginning. I never knew you from before the foundation of the world and you were not written in the Book.” Yes, they were Christians, but they were not found written in the Book at the end because they were not foreknown. They were physically written in the Book when they were born again, but they were erased out of the Book before the end. In the beginning, the ones whom God foreknew were written in the Book by His faith. They are going to overcome. They are going to bear fruit, and they are still going to be there at the end. Others are going to be written in who will not overcome. They will not bear fruit and they will be erased, so even though they were called, they will not be chosen. (Rev 3:5) He that overcometh shall thus be arrayed in white garments; and I will in no wise blot his name out of the book of life, and I will confess his name before my Father, and before his angels. (Mat.7:24) Every one therefore that heareth these words of mine, and doeth them, shall be likened unto a wise man, who built his house upon the rock: (25) and the rain descended, and the floods came, and the winds blew, and beat upon that house; and it fell not: for it was founded upon the rock. (26) And every one that heareth these words of mine, and doeth them not, shall be likened unto a foolish man, who built his house upon the sand: (27) and the rain descended, and the floods came, and the winds blew, and smote upon that house; and it fell: and great was the fall thereof. Notice, Jesus is only talking about two groups of Christians here. He's talking about those who “heareth these words of mine, and doeth them,” and He's talking about those who “heareth these words of mine, and doeth them not.” These can only loosely be Christians. He's not talking about the lost world. Jesus is talking about Christians who, in their own life, are not being obedient to God. They are not loving God, which is not being obedient, therefore He says, “I never knew you.” His seed was not in them. Let me show you more proof of this in the parable of the 10 virgins: (Mat.25:1) Then shall the kingdom of heaven be likened unto ten virgins, who took their lamps, and went forth to meet the bridegroom. (2) And five of them were foolish, and five were wise. Obviously, they had to be Christians or they would not have started out with the “oil” of the Holy Spirit in their lamps. (Pro.20:27) The spirit of man is the lamp of the Lord, Searching all his innermost parts. The oil the virgins had in their lamps symbolized the Holy Spirit, which gave them light. (Mat.25:3) For the foolish, when they took their lamps, took no oil with them: (4) but the wise took oil in their vessels with their lamps. (Obviously some are filled with the Spirit) (5) Now while the bridegroom tarried, they all slumbered and slept. (6) But at midnight there is a cry, Behold, the bridegroom! Come ye forth to meet him. (7) Then all those virgins arose, and trimmed their lamps. (8) And the foolish said unto the wise, Give us of your oil; for our lamps are going out. (9) But the wise answered, saying, Peradventure there will not be enough for us and you: go ye rather to them that sell, and buy for yourselves. (10) And while they went away to buy, the bridegroom came; and they that were ready went in with him to the marriage feast: and the door was shut. The five foolish virgins should have been “buying” the oil of the Holy Spirit all along. How do you “buy” the oil of the Holy Spirit? You “buy” it when you give up your life to gain your higher life (Matthew 10:38-39; 16:25; Mark 8:35; Luke 9:24; John 12:25). You do have to buy it. You can be filled with you or you can be filled with Him. We do have to give something for His life. Jesus said we have to give up our life, and they were not doing this. (Mat.25:11) Afterward came also the other virgins, saying, Lord, Lord, open to us. (12) But he answered and said, Verily I say unto you, I know you not. (13) Watch therefore, for ye know not the day nor the hour. The 10 virgins were all Christians, but the five foolish virgins were not filled with the Spirit of God and they were not being disciples of Christ in their own lives. Jesus said to them, “I know you not.” This is the second witness. Can you have been born again? Yes, you can be born again in spirit. Some people like to think that they are just a shoo-in for the Kingdom because they are born again in spirit and even have the Holy Spirit. However, remember what the Bible says about the children of God: (Rom.8:17) … If so be that we suffer with [him,] that we may be also glorified with [him]. Only the ones who suffer with Him will be the glorified sons of God. We have to suffer the crucifixion of the old life; that's why we were put here. These are the ones who are going to be glorified. (29) For whom he foreknew, he also foreordained [to be] conformed to the image of his Son, that he might be the firstborn among many brethren: (30) and whom he foreordained, them he also called: and whom he called, them he also justified: and whom he justified, them he also glorified. These are the ones who were foreknown to be conformed to the image of His Son and be glorified. Jesus said in (Luk.13:24) Strive to enter in by the narrow door: for many, I say unto you, shall seek to enter in, and shall not be able. The five foolish virgins wanted to go through the door, too, but found that it was shut to them. (25) When once the master of the house is risen up, and hath shut to the door (indicating we have a limited time to bear fruit), and ye begin to stand without, and to knock at the door, saying, Lord, open to us; and he shall answer and say to you, I know you not whence ye are; (26) then shall ye begin to say, We did eat and drink in thy presence, and thou didst teach in our streets; (27) and he shall say, I tell you, I know not whence ye are; depart from me, all ye workers of iniquity. Again, He's talking to disobedient Christians here. The people in this verse are just like the foolish virgins who didn't bear any fruit to be able to enter through the door. Jesus will say of them, “I know you not whence ye are.” The Amplified Bible says, “I know not of what family, or of what parentage, you are from.” You see, it's only by bearing fruit that we can prove God is our Father. Maturity is coming to know God the way He knows us. (1Co.13:9) For we know in part, and we prophesy in part; (10) but when that which is perfect is come, that which is in part shall be done away. (11) When I was a child, I spake as a child, I felt as a child, I thought as a child: now that I am become a man, I have put away childish things. Paul is talking about maturity, about growing up and bearing fruit in God, and he's using a little parable here to show us how to do that. (12) For now we see in a mirror, darkly (Some versions have “dimly,” or “indistinctly,” or “obscurely.”); but then face to face (The more you grow in God, the more you truly know Him clearly.): now I know in part; but then shall I know fully even as also I was fully known. God fully knew the elect; He fully knew those who would come to maturity. God is speaking about one specific group of people here: He's speaking about those who come to see Him face-to-face. Paul says that these people will come to fully know God in the same way God knew them. (13) But now abideth faith, hope, love, these three; and the greatest of these is love. God knows those who love Him. We are coming to know Him because He first knew us. Those who love God will seek the truth; they will humble themselves to the truth, and they will be obedient by His grace through their faith. An example can be found in the life of Moses: (Exo.33:12) And Moses said unto the Lord, See, thou sayest unto me, Bring up this people: and thou hast not let me know whom thou wilt send with me. Yet thou hast said, I know thee by name (What is this talking about? Of course, God knows everyone's name.), and thou hast also found favor (The Hebrew word there is chen and it means “grace.”) in my sight. (13) Now therefore, I pray thee, if I have found favor in thy sight, show me now thy ways, that I may know thee, to the end that I may find favor in thy sight: and consider that this nation is thy people. (14) And he said, My presence shall go [with thee], and I will give thee rest. Moses is saying, “You know me by name, and You say that I have Your grace, so now let me know You.” That's the same situation with God and His elect. He has always known them by name since the foundation of the world and they have His grace. Now they are coming to know the one who has always known them. They are coming to know Him fully, even as they also were fully known. (Exo.33:17) And the Lord said unto Moses, I will do this thing also that thou hast spoken; for thou hast found favor in my sight, and I know thee by name. There it is again. Knowing us by name means knowing us by His nature and character in us. (18) And he said, Show me, I pray thee, thy glory. We've seen that the ones who were foreknown before the foundation of the world are those who will be glorified (Romans 8:29,30). (19) And he said, I will make all my goodness pass before thee, and will proclaim the name of the Lord before thee (God knew Moses by name and now Moses is going to know God by name. The Hebrew word for “name” is shem and it means “nature and character.”); and I will be gracious to whom I will be gracious, and will show mercy on whom I will show mercy. God is talking about predestination and election here and we recognize this from Romans, where God talks about Jacob and Esau: (Rom.9:10) And not only so; but Rebecca also having conceived by one, [even] by our father Isaac-- (11) for [the children] being not yet born, neither having done anything good or bad, that the purpose of God according to election might stand, not of works, but of him that calleth, (12) it was said unto her, The elder shall serve the younger. (13) Even as it is written, Jacob I loved, but Esau I hated. Before they had done anything, Jacob belonged to God; Jacob was God's before he was born. That makes it obvious that “God so loved the world” means He's only loving worldly Jacob, or Israel, because these are the people who have been given the gift of faith to come to Him and believe on Him. So God had mercy on Jacob, but He gave justice to Esau. (Psa.33:12) Blessed is the nation whose God is the Lord, The people whom he hath chosen for his own inheritance. (13) The Lord looketh from heaven; He beholdeth all the sons of men; (14) From the place of his habitation he looketh forth Upon all the inhabitants of the earth, (15) He that fashioneth the hearts of them all, That considereth all their works. It's God who fashions the hearts of all people. (Ecc.3:11) He hath made everything beautiful in its time: also he hath set eternity in their heart, yet so that man cannot find out the work that God hath done from the beginning even to the end. Man cannot find the way of God unless He draws them. Yes, everything is beautiful in its time. Everything that God has made has a good purpose and that includes the evil. Isa 45:7 I form the light, and create darkness; I make peace, and create evil. I am Jehovah, that doeth all these things. The evil gives man a choice and also a crucifier of his flesh. Now, let me ask you a question here. If God predestined some to life from the beginning of creation, what is He doing with everybody else? Remember we read, (Rom.9:21) Or hath not the potter a right over the clay, from the same lump to make one part a vessel unto honor, and another unto dishonor? Of course, God does this, but why? (22) What if God, willing to show his wrath, and to make his power known, endured with much longsuffering (God has done this. In order to show His power, He has endured suffering from.) vessels of wrath fitted unto destruction (Or, in other words, “made to be destroyed,” and here's the reason.): (23) that he might make known the riches of his glory upon vessels of mercy, which he afore prepared unto glory. I don't know about you, but when I look out at the lost multitudes in the world, it makes me appreciate grace and mercy given to the few. How can you know grace and mercy, except you look out over the world and see all of the people who don't have grace and mercy? That should make you feel blessed: “There but for the grace of God, go I.” The multitudes, the masses who are going down the broad road (Matthew 7:13), should make you appreciate the grace and the mercy of God, who said, (Rom.9:15) … I will have mercy on whom I have mercy, and I will have compassion on whom I have compassion. Well, God had mercy upon us and we can appreciate His compassion when we look at the lost multitudes. God actually does do this. (1Pe.2:8) … A stone of stumbling (This is speaking of Christ.), and a rock of offence; for they stumble at the word, being disobedient: whereunto also they were appointed. The Scripture says these people were “appointed,” or “designated,” or “preordained,” to stumble at the Word and be disobedient. (9) But ye are an elect race, a royal priesthood, a holy nation, a people for [God's] own possession, that ye may show forth the excellencies of him who called you out of darkness into his marvelous light. You were chosen to be obedient to the Word. You were chosen not to stumble at the Rock of Christ. (2Pe.2:12) But these, as creatures without reason, born mere animals to be taken and destroyed (They were born animals to be destroyed.), railing in matters whereof they are ignorant, shall in their destroying surely be destroyed. These are vessels who have been raised up to put us on our cross and also to show us God's mercy and grace. You ask, “How so, David?” When you go out there and tell them about Christ and they totally can't and wont understand, they show that what God has done for us is mercy and grace. God gave you a revelation and opened your understanding. Why would God do this for you and not for them? He did it for you only because of predestination and election. There are some objections to election and predestination even though it is clearly in the Word. The one I hear the most from people is that God loves the world but we see that it is a people in the world who believe. (Joh.3:16) For God so loved the world, that he gave his only begotten Son, that whosoever believeth on him should not perish, but have eternal life. Of course, when people read this verse, they think it means that God loves the whole world. As we've seen from the Scriptures, the Bible doesn't teach that God loves the whole world and even in this verse it doesn't say that because there is a condition given for God's love. That is, “whosoever believeth on him” and that limits God's love to a very few. The majority are not going to believe on the Son, since the only way to have any hope of believing on the Son is to receive the gift of faith from God. (Eph.2:8) For by grace have ye been saved through faith; and that not of yourselves, [it is] the gift of God; (9) not of works, that no man should glory. You see, faith is a gift from God; believing on the Son is a gift from God. The people in the world who do believe on the Son are the ones to whom God has given the gift to be drawn to the Son and have eternal life. (Joh.15:19) If ye were of the world, the world would love its own: but because ye are not of the world, but I chose you out of the world, therefore the world hateth you. God did not choose the world; He chose us out of the world. In effect, that means God chose not to choose the rest of the world. And so when we read verses like John 3:16, we have the level of revelation that God permits because of our lack of understanding. I feel as if the Lord showed me that when we are carnal, it's easier for us to understand this as if God does love the whole world, and therefore not attribute foolishness to God. But as we grow in knowledge, the more we see the plan and wisdom of God, and the more we fear God. Jesus didn't claim everybody in the world and here's another good example of that: (Joh.10:16) And other sheep I have, which are not of this fold: them also I must bring (So they haven't come to Him yet.), and they shall hear (They haven't even heard of Him yet.) my voice: and they shall become one flock, one shepherd. He's talking about a multitude of people that includes us. We are included in this group. So at the time Jesus made this statement, some people didn't know Him, they hadn't heard of Him, and they hadn't even been born yet, but they have been His. God chose us in Christ before the foundation of the world; therefore, our election has nothing to do with time. (Eph.1:4) even as he chose us in him before the foundation of the world, that we should be holy and without blemish before him in love: (5) having foreordained (or predestined) us unto adoption as sons through Jesus Christ unto himself, according to the good pleasure of his will. We have belonged to Christ since the time God set His plan into action at the beginning. We were chosen in Him as our Savior at the very beginning. “Other sheep I have, which are not of this fold” and they are going to become one flock with one Shepherd. So when He says, “having loved his own,” He's only talking about those who come from God, those who belong to God. He's only talking about the wheat and the sheep. (Joh.15:19) If ye were of the world, the world would love its own: but because ye are not of the world, but I chose you out of the world, therefore the world hateth you. God did not choose the world; He chose us out of the world. In effect, that means God chose not to choose the rest of the world. The Bible says God hates all workers of iniquity: (Psa.5:5) The arrogant shall not stand in thy sight: Thou hatest all workers of iniquity. Jesus told us, (Joh.14:21) He that hath my commandments, and keepeth them, he it is that loveth me: and he that loveth me shall be loved of my Father, and I will love him, and will manifest myself unto him. So, again, we see the love of the Father is shown only to those who love Jesus. Another verse, where the wisdom of God is speaking, says the same thing: (Pro.8:17) I love them that love me; And those that seek me diligently shall find me. The Bible says three times in the New Testament that Jesus is the wisdom of God (Luke 11:49; 1 Corinthians 1:24,30). There is a condition to the manifestation of God's love. I say “manifestation” because God loved us before we were. God loved Jacob before he was born. God loved him even before he had done anything because it's not by works, it's by election. (Rom.5:8) But God commendeth his own love toward us, in that, while we were yet sinners, Christ died for us. God wanted to show us His love in that, while we were yet sinners, Christ died for us. God, who sees the end from the beginning (Isaiah 41:4), loved us for what He knew He was going to create in us from before the foundation of the world (Romans 8:28-30). God loved the end creation that He saw by faith. His love is manifested for those who walk according to His commandments because they love Christ “God commended His own love toward us....” Who is He talking to here? (Rom.1:7) To all that are in Rome (You might think that he's addressing everybody in Rome, but he goes on to qualify this.), beloved of God, called [to be] saints.... That's very, very conditional. He's talking to those who are beloved of God and called “saints.” (Rom.1:7) To all that are in Rome, beloved of God, called [to be] saints: Grace to you (The only people who receive grace are the people who are beloved of God, called “saints.”) and peace from God our Father and the Lord Jesus Christ. God didn't give grace to anyone else. The Lord promised salvation to those who were in Christ from the foundation of the world because Christ died for us. People always say, “Well, Christ died for the world.” No, the Bible says that Christ died “for whosoever will” (Mark 8:34; Revelation 22:17). God is the one who works in us to will and to do of His good pleasure (Ephesians 1:5,11; Philippians 2:13), and “whosoever will” is only those who have the gift from Father of being drawn to Christ. (Joh.6:44) No man can come to me, except the Father that sent me draw him: and I will raise him up in the last day. They're the ones who have the will. So, it is to “whosoever will” but, specifically, Christ died for us and for everyone in the world who is the called of God. They're the ones who are invited to partake of Christ. (Joh.14:22) Judas (not Iscariot) saith unto him, Lord, what is come to pass that thou wilt manifest thyself unto us, and not unto the world? Why would He want to manifest Himself to these and not to the world? It's because He's very particular; He's revealing Himself only to God's chosen. (23) Jesus answered and said unto him, If a man love me, he will keep my word: and my Father will love him, and we will come unto him, and make our abode with him. And in the next chapter it says in (15:10) If ye keep my commandments, ye shall abide in my love; even as I have kept my Father's commandments, and abide in his love. So the manifestation of God's love is for those who are obedient and who walk in Christ. And the manifestation of God's love by faith is for those who have not yet come to Christ, but will come to Him because Jesus said, (Joh.6:37) All that which the Father giveth me shall come unto me; and him that cometh to me I will in no wise cast out. God loves them, not for what they are now, but for what they will be when they do come to Christ and walk in obedience to Him. Now I want you to look at this next verse again because people like to claim it for just anybody who says they're a Christian. (Rom.8:28) And we know that to them that love God all things work together for good, [even] to them that are called according to [his] purpose. But people don't go on to consider the next verse. (29) For whom he foreknew, he also foreordained [to be] conformed to the image of his Son, that he might be the firstborn among many brethren. The promise is to work “all things together for good,” and is made to those who love God and we know who loves God because Jesus told us those who keep His commandments are those who love Him. Those who walk by faith are empowered to obey. I'm not saying that they don't ever fail; I'm saying they are able to walk into obedience, getting closer and closer to God, because they walk by faith. We know that power comes from God because of faith (Romans 1:16; 1 Corinthians 1:24; 1 Peter 1:5). So Romans 8:28 is talking about those “whom he foreknew.” They are the ones He predestined to come into the image of His Son, 30-, 60- and 100-fold. Everything is going to work together for their good; even chastening and the curse work together for the good of those who are called of God to come into the image of His Son. In the prophecy given to Joseph, the husband of Mary, it said, (Mat.1:21) And she shall bring forth a son; and thou shalt call his name JESUS; for it is he that shall save his people from their sins. The only ones who are saved from their sins are the ones who are already His people. Only sinners can be saved. They are His people by election, not by manifestation.

What are the implications for active strategies when market dispersion is elevated? In this episode, Focus Partners' Todd Jones shares how wide differences in asset class performance can create opportunities for active managers as fundamentals, sentiment, and economic signals diverge. Click here to view supporting charts referenced in today's episode.

Today, we are joined by Nick Baltas to examine how narratives, signals, and structural design are reshaping trend following at the start of 2026. The conversation moves from investor storytelling and information digestion to a sober review of what truly drove dispersion in 2025. We explore why speed and universe choice mattered more than expected, why recent outcomes may be misleading, and why reacting to performance is often a mistake. The discussion then turns technical, unpacking new academic research on nonlinear momentum, signal construction, and the deeper mechanics behind trend following's defensive behavior during stress. The episode closes with a reminder that discipline, not prediction, remains the strategy's core advantage.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Nick on Twitter.Episode TimeStamps:00:00 - Introduction and welcome01:05 - A disrupted start to 202603:10 - Narratives, information, and price formation07:06 - Why stories often fail to move markets09:31 - Recurring themes and market attention10:59 - Strong early conditions for trend following12:01 - Dispersion across strategies in 202515:06 - Familiar patterns in an unfamiliar year18:42 - Speed versus universe in trend design23:17 - Why recent outperformance can mislead31:08 - Institutional views on trend following40:21 - Nonlinear time series momentum research50:30 - Autonomy of trend and crisis...

After a year of strong performance across major asset classes, what lies ahead for financial markets in 2026? In our latest Market Outlook podcast, Fiduciary's Head of Investments, Pat Donlon, CFA, shares key trends and insights to watch this year.  View the video here on our website with closed captions. 

In this episode of Excess Returns, we dive deep into one of the most pressing investing debates today: how to think about valuations, profit margins, and artificial intelligence in a market that feels both expensive and transformative. Sam Ro joins Matt Zeigler and Kai Wu for a wide-ranging conversation that explores whether traditional valuation tools still matter, how AI is reshaping corporate economics, and why history suggests investors should be cautious about bubble narratives even when enthusiasm runs high. From profit margins and capital intensity to the future of the Magnificent Seven, this episode focuses on how long-term investors can frame uncertainty without relying on false precision or short-term market calls.Timestamps00:00 Valuations, bubbles, and why timing markets is so hard01:41 Do valuations still matter for investors05:58 S&P 500 valuation levels versus history09:30 Profit margins and why mean reversion has not shown up yet14:39 Household finances, pricing power, and consumer resilience15:47 AI, productivity, and the limits of forecasting economic impact19:15 Valuations adjusted for structurally higher profit margins21:15 Tech multiples, growth expectations, and PEG ratios24:07 Are we in an AI bubble and why that question may not help29:14 Lessons from past bubbles and irrational exuberance30:14 How transformative AI could be compared to past innovations35:20 Massive AI capital spending and the risk of overbuild39:42 Who captures value in AI: builders versus users46:39 Revenue per worker and productivity trends48:00 Dispersion inside the Magnificent Seven51:34 Big tech shifting from asset-light to asset-heavy models59:53 Turnover among top companies over time01:01:10 Why Wall Street price targets miss the point01:04:30 Presidential cycles and market returns01:06:28 Fund manager surveys and why popular risks are often lagging indicatorsTopics coveredHow investors should think about valuations over long time horizonsWhy elevated profit margins may be more structural than cyclicalThe role of AI in productivity, earnings, and competitive dynamicsBubble psychology and lessons from the dot-com eraCapital intensity, overinvestment, and the risk of write-downsWhy AI infrastructure builders may not capture most of the valueWhat dispersion within the Magnificent Seven signals for marketsWhy broad diversification still matters in a rapidly changing market

1 Peter 1:11:1 Peter, an apostle of Jesus Christ,To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia...John 1:35-421:35 The next day again John was standing with two of his disciples, 36 and he looked at Jesus as he walked by and said, “Behold, the Lamb of God!” 37 The two disciples heard him say this, and they followed Jesus. 38 Jesus turned and saw them following and said to them, “What are you seeking?” And they said to him, “Rabbi” (which means Teacher), “where are you staying?” 39 He said to them, “Come and you will see.” So they came and saw where he was staying, and they stayed with him that day, for it was about the tenth hour. 40 One of the two who heard John speak and followed Jesus was Andrew, Simon Peter's brother. 41 He first found his own brother Simon and said to him, “We have found the Messiah” (which means Christ). 42 He brought him to Jesus. Jesus looked at him and said, “You are Simon the son of John. You shall be called Cephas” (which means Peter).Luke 5:1-115:1 On one occasion, while the crowd was pressing in on him to hear the word of God, he was standing by the lake of Gennesaret, 2 and he saw two boats by the lake, but the fishermen had gone out of them and were washing their nets. 3 Getting into one of the boats, which was Simon's, he asked him to put out a little from the land. And he sat down and taught the people from the boat. 4 And when he had finished speaking, he said to Simon, “Put out into the deep and let down your nets for a catch.” 5 And Simon answered, “Master, we toiled all night and took nothing! But at your word I will let down the nets.” 6 And when they had done this, they enclosed a large number of fish, and their nets were breaking. 7 They signaled to their partners in the other boat to come and help them. And they came and filled both the boats, so that they began to sink. 8 But when Simon Peter saw it, he fell down at Jesus' knees, saying, “Depart from me, for I am a sinful man, O Lord.” 9 For he and all who were with him were astonished at the catch of fish that they had taken, 10 and so also were James and John, sons of Zebedee, who were partners with Simon. And Jesus said to Simon, “Do not be afraid; from now on you will be catching men.” 11 And when they had brought their boats to land, they left everything and followed him.

Niels is joined by all 9 amazing co-hosts, to discuss a year that refused to behave. In part one of the annual "roundtable", Niels and the group map why 2025 produced such striking dispersion across trend followers. They revisit the Liberation Day shock and the uncomfortable truth it exposed: results often came down to unglamorous choices like market selection, time horizon, and how quickly risk is resized after clustered volatility and sharp reversals. The conversation then widens to a structural theme: the rapid growth of strategies investors hope will sit outside stocks and bonds, from managed futures and multi strats to structured products, gold, and crypto, plus the liquidity, reflexivity, and selection challenges that follow when everyone reaches for the same diversifier.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Nick on LinkedIn.Follow Alan on Twitter.Follow Katy on LinkedIn.Follow Andrew on Twitter and LinkedIn.Follow Cem on Twitter and LinkedIn.Follow Richard on

Interviewer: RAFAEL KHACHATURIAN. Over the past decade we have witnessed an unfolding global crisis of democracy, in its liberal-democratic, representative, capitalist form. As elite power has continued to grow without constraints, classical democratic theory has struggled to keep pace with these momentous changes. In this episode, political theorist SAMUEL BAGG sat down with RAFAEL KHACHATURIAN to discuss how elites gain systematic advantages in modern society, and why resisting this state capture is crucial for thinking about the future of democracy. Episode recorded in February 2025.

Welcome back to the Alt Goes Mainstream podcast.Today's episode brings the perspective of an asset management veteran who has sat on both sides of the table.We sat down in Franklin Templeton's New York City office with George Stephan, COO of Global Wealth Management Alternatives at Franklin Templeton.George joined Franklin to continue the buildout of the firm's Alternatives capabilities, which boasts over $264B AUM in private markets strategies that include Lexington Partners, Benefit Street Partners, and Clarion Partners. George came from KKR, where he was Head of Strategy and Business Development for the firm's Global Client Solutions business and was also COO and Head of Investor Relations for KKR's Global Wealth Solutions business in the Americas. Prior to KKR, George spent nine years in Morgan Stanley's wealth management division. George is also a Board Observer at CAIS.George and I had a fascinating conversation about how to build a wealth solutions business and how advisors approach private markets. We discussed:How has the adoption of private markets by the wealth channel evolved over the course of George's career?The benefits and challenges of being a traditional asset manager building out its private markets capabilities.The breadth and depth of Franklin Templeton's reach as a firm and how that brand and history have helped Franklin partner with the wealth channel in private markets.How has Franklin Templeton's family of specialists enabled the firm to leverage the expertise of specialist alternative asset managers within a larger platform?How does the wealth channel approach private markets?How will model portfolios be constructed and adopted by the wealth channel?Will evergreen funds be the structure of choice for most advisors?Thanks George for coming on the show to share your expertise and wisdom at the intersection of private markets and private wealth.Show Notes00:00 Introduction to our Sponsor, Ultimus01:55 Welcome to the Podcast02:03 Guest Introduction: George Stephan03:59 George's Career Journey04:12 Building Wealth Solutions at Franklin Templeton06:06 Key Pillars for Success in Wealth Management07:31 Client Service and Operational Excellence09:04 Strategic Approach to Wealth Management10:15 Convergence of Public and Private Markets10:48 Advisor Needs and Solutions13:31 Franklin Templeton's Private Markets Business14:23 Unifying Private Markets Business15:01 Cross Collaboration and Investment Decisions15:43 Cultural Alignment in Acquisitions16:35 Franklin Templeton's Core Principles17:15 Heritage and Long-Term Thinking21:30 Brand Evolution and Market Perception24:19 Strategic Partnerships in Private Markets25:56 Future of Partnerships and Acquisitions26:57 Winners and Losers in Partnerships27:10 Advisor's Perspective on Productization27:43 Allocating to Public and Private Markets28:21 Innovation in Private Markets29:05 Challenges and Opportunities in Wealth Management29:56 The Future of Multi-Asset Solutions30:17 Operational Complexity in Private Markets31:27 The Need for Digital Transformation31:59 Adoption of Distributed Ledger Technology (DLT)32:46 Evolving Technology in Wealth Management33:49 Impact of Market Efficiency on Returns35:13 Dispersion in Private Markets Performance37:17 Scale and Investment Integrity38:44 Building Capabilities in Franklin Alternatives40:10 Partnering with Asset Managers41:36 Keys to Building a Wealth Solutions Business42:16 Hiring for Private Markets Expertise43:39 Educating the Industry on Private Markets45:48 Evergreen Structures in Private Markets49:45 Exciting Trends in Private MarketsEditing and post-production work for this episode was provided by The Podcast Consultant.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.

While the broader S&P 500 experienced an average drawdown in November, underlying sector movement was much more meaningful. In this episode, Focus Partners' Todd Jones discusses what we can infer from this dynamic. He also shares updates on recent market performance and recession indicators.Click here to view supporting charts referenced in today's episode.

Charles Schwab's Collin Martin says investors are weighing some Fed governor comments over others. He explains the "dispersion" happening as the outcome for interest rate cuts remains unclear for December's meeting. Collin adds that an October "data void" makes it even harder for the FOMC to reach a decision. That said, Collin sees the labor market serving more importance to the Fed's path forward. ======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

November 19, 2025Torah Smash! The Podcast for Nerdy JewsEpisode 94 - The Cube of Babel …With Guest Host Cantor Ross WolmanIn this episode, our guest host, Cantor Ross Wolman, helps us take a look back at the ambitious building of the Tower of Babel. We explore what happens when humanity's drive causes their humanity to disappear. The answers to our questions may be revealed as we look up to the heavens, past the stars, and possibly where no man has gone before.00:03:23 The Tower of Babel00:09:23 The Borg00:13:05 Seven-of-Nine and Assimilation00:17:57 Dispersion and Disconnecting from the Collective00:22:56 Assimilation in modernity00:25:29 The Borg Queen's Individuality00:33:06 The Borg helped get Obama ElectedShare this episode with a friend: https://www.torahsmash.com/post/episode-94-the-cube-of-babelConnect with us online, purchase swag, support us with a donation, and more at www.torahsmash.com.

Derek Moore is joined by Shane Skinner and Mike Snyder where they look at the dispersion happening within the S&P 500 Index November to date. Then, they discuss the outflows ongoing for the small caps and what if anything that means. Later, looking at the effects of earnings on Nvidia's option prices, Apple's outlier as the strongest of the Mag 7 this week, and reviewing how the market re-rating caused the market to ease even though another record forward earnings expectation number from analysts.   Not all Mag-7 stocks are acting in unison NVDA implied volatility comparison between expirations around earnings Small cap outflows are showing people aren't favoring them this year despite interest rate cuts Forward 12-month analyst EPS estimates on S&P 500 hit record high While the forward multiple declines in a market re-rating Apple vs the other Mag-7 stocks Market pullback before going for 7000? Don't try and time it, just be hedged!   Mentioned in this Episode     Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT   Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt   Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag   Contact Derek derek.moore@zegainvestments.com      

This is a throwback episode given on 10/26/08 at the Phoenix Community Kollel.

Today, a look at the weakest equity market session in the US in the last few weeks, with at least one key AI story triggering a bit of unease, while Tesla news disappointed. But macro was the headline stealer yesterday as the Japanese yen was thrashed across the board and gold soared above $4,000 for the first time. Also: today is crunch time for whether France can kick the political can to the 2027 election, the dispersion trade is getting wild and deserves our attention, speculative froth is downright insane in some single names and more. Today's pod is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic

In this episode of Excess Returns, we're joined by Noel Smith, co-founder and CIO of Convex Asset Management. Noel shares his unique journey from biochemistry and the military to market making, high-frequency trading, and running a volatility-focused hedge fund. We dig deep into volatility, regime models, income strategies, dispersion, tail hedging, and more, offering a rare look inside the world of professional options and volatility trading.Topics covered:Noel's background: biochemistry, military, market making, HFT, hedge fund launchHow markets have evolved since the 1990sWhy volatility is the best source of market informationRegime shift modeling and its role in strategy selectionUsing options for income and the trade-offs investors should understandVolatility harvesting and risk-defined short vol strategiesThe impact of zero DTE options on marketsDispersion trading and correlation dynamicsBond vol arbitrage and volatility surfacesOpportunistic trades like GameStop and meme stocksTail hedging, its costs, and how to monetize hedgesLessons on flexibility, risk, and never being married to positionsTimestamps:00:00 Intro and Noel's unique background06:00 How markets have changed behind the scenes07:00 Why volatility is the best information source09:00 Regime shift model explained19:00 Using options for income – benefits and risks24:30 Volatility harvesting strategies29:10 What the VIX does (and doesn't) tell you30:30 Zero DTE options and systemic risk33:20 Dispersion trading explained42:00 Bond vol arbitrage45:00 Opportunistic trades: GameStop and beyond51:30 Tail hedging and rebalancing54:30 Lessons on flexibility and risk management

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource)   ⇒ TELL SOMEONE ABOUT THE MORNING MINDSET - Your personal recommendation can make an eternal difference in the lives of the people you know! STEP ONE: Go to http://YourMorningMindset.com  STEP TWO: Share that page with someone you know! ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com  ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/   ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.  

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To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource)   ⇒ Join the MMM Prayer Team: https://MorningMindsetMedia.com/PrayerTeam ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com  ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/   ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.  

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource)   ⇒ BECOME A MONTHLY PARTNER: (not tax-deductible) You can find out how to become a monthly partner including how to receive your "thank you" gift - our bonus podcast called "Digging Deeper." God t: https://mm-gfk-partners.supercast.com/ ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ~~~~~~~~~~~~~~ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONTACT: Carey@careygreen.com  ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/   ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.  

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource)   ⇒ Listen to our other podcasts: https://MorningMindsetMedia.com ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com  ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/   ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.  

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource) ➖➖➖➖➖➖➖➖➖➖ ⇒Check out all of Carey's books - for adults and kids, fiction and non-fiction : https://CareyGreen.com/books ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com  ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/   ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.  

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource)   ⇒ TELL SOMEONE ABOUT THE MORNING MINDSET - Your personal recommendation can make an eternal difference in the lives of the people you know! STEP ONE: Go to http://YourMorningMindset.com  STEP TWO: Share that page with someone you know! ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Peter 1:1–2 - [1] Peter, an apostle of Jesus Christ, To those who are elect exiles of the Dispersion in Pontus, Galatia, Cappadocia, Asia, and Bithynia, [2] according to the foreknowledge of God the Father, in the sanctification of the Spirit, for obedience to Jesus Christ and for sprinkling with his blood: May grace and peace be multiplied to you. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the HINDI version: https://MorningMindsetMedia.com/Hindi Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com  ➖➖➖➖➖➖➖➖➖➖ THEME MUSIC: “King’s Trailer” – Creative Commons 0 | Provided by https://freepd.com/   ***All NON-ENGLISH versions of the Morning Mindset are translated using A.I. Dubbing and Translation tools from DubFormer.ai ***All NON-ENGLISH text content (descriptions and titles) are translated using the A.I. functionality of Google Translate.

JOHN 7:25-52 - LIVING WATER - BRIAN SUMNER - 2025"25 Now some of them from Jerusalem said, “Is this not He whom they seek to kill? 26 But look! He speaks boldly, and they say nothing to Him. Do the rulers know indeed that this is [a]truly the Christ? 27 However, we know where this Man is from; but when the Christ comes, no one knows where He is from.”28 Then Jesus cried out, as He taught in the temple, saying, “You both know Me, and you know where I am from; and I have not come of Myself, but He who sent Me is true, whom you do not know. 29 But I know Him, for I am from Him, and He sent Me.”30 Therefore they sought to take Him; but no one laid a hand on Him, because His hour had not yet come. 31 And many of the people believed in Him, and said, “When the Christ comes, will He do more signs than these which this Man has done?”32 The Pharisees heard the crowd murmuring these things concerning Him, and the Pharisees and the chief priests sent officers to take Him. 33 Then Jesus said to them, “I shall be with you a little while longer, and then I go to Him who sent Me. 34 You will seek Me and not find Me, and where I am you cannot come.”35 Then the Jews said among themselves, “Where does He intend to go that we shall not find Him? Does He intend to go to the Dispersion among the Greeks and teach the Greeks? 36 What is this thing that He said, ‘You will seek Me and not find Me, and where I am you cannot come'?”37 On the last day, that great day of the feast, Jesus stood and cried out, saying, “If anyone thirsts, let him come to Me and drink. 38 He who believes in Me, as the Scripture has said, out of his heart will flow rivers of living water.” 39 But this He spoke concerning the Spirit, whom those believing in Him would receive; for the Holy Spirit was not yet given, because Jesus was not yet glorified.40 Therefore many from the crowd, when they heard this saying, said, “Truly this is the Prophet.” 41 Others said, “This is the Christ.”But some said, “Will the Christ come out of Galilee? 42 Has not the Scripture said that the Christ comes from the seed of David and from the town of Bethlehem, where David was?” 43 So there was a division among the people because of Him. 44 Now some of them wanted to take Him, but no one laid hands on Him.45 Then the officers came to the chief priests and Pharisees, who said to them, “Why have you not brought Him?”46 The officers answered, “No man ever spoke like this Man!”47 Then the Pharisees answered them, “Are you also deceived? 48 Have any of the rulers or the Pharisees believed in Him? 49 But this crowd that does not know the law is accursed.”50 Nicodemus (he who came to Jesus by night, being one of them) said to them, 51 “Does our law judge a man before it hears him and knows what he is doing?”52 They answered and said to him, “Are you also from Galilee? Search and look, for no prophet has arisen out of Galilee.”To support this channel and partner with Brian in Ministryhttps://www.briansumner.net/support/For more on Brianhttp://www.briansumner.nethttps://www.instagram.com/BRIANSUMNER/https://www.facebook.com/BRIANSUMNEROFFICIALTo listen to Brians Podcast, click below.https://podcasts.apple.com/us/podcast...Purchase Brians Marriage book at https://www.amazon.com/Never-Fails-Da...Brian is a full time "Urban Missionary" both locally and internationally with a focus on MISSIONS - MARRIAGES - MINISTRY. Since coming to faith in 2004 doors continued opening locally and internationally to do more and more ministry with a focus on Evangelism, Outreach Missions, Marriage, Counsel, Schools, Festivals, Conferences and the like.  Everything abouSupport the showSUPPORT THE SHOW