Podcasts about Volatility

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.

Lithium has doubled in three months. Copper is printing record highs. Silver went vertical—then collapsed. The move was fast. The reversals were faster. Volatility isn't elevated. It's systemic.  But this isn't just another commodity cycle. These metals sit at the core of the energy transition. They're embedded in batteries, EVs, transmission lines, datacenters, wind turbines, and solar modules. When they move, the entire transition complex moves with them.  So, what are we really looking at? Is this a positioning squeeze in thin markets? Or the early tremors of a structural repricing?  The divide is clear. At The Carlyle Group, Jeff Currie argues we're only “on the foothills of the Himalayas” — the early stage of a structural supercycle driven by electrification, grid build-out, and constrained supply. Ed Morse pushes back. High prices cure high prices. Capital flows. Supply responds. Markets rebalance. Cycles end the way they always have. Two very different frameworks. One structural. One cyclical.  To cut through the noise, Laurent and Gerard sit down with Matt Fernley, Managing Director at Battery Materials Review and Partner at RK Equity. They dissect what's actually driving these rallies — inventory tightness, permitting bottlenecks, capital discipline, geopolitics, demand elasticity.  They confront the supply question head-on: Can new production realistically catch up — on time, on budget, and at scale? And they explore the technologies that could reshape the curve — from the re-emergence of direct lithium extraction (DLE) to the accelerating development of sodium-ion batteries.  This isn't just about price volatility. It's about whether the energy transition is entering a new cost regime. Because if these inputs are structurally repricing, everything downstream changes. And if they aren't — the unwind could be just as violent.----Link to the report by the Volta Foundationhttps://volta.foundation/battery-report-2025/

Advertising SponsorThis episode is brought to you by Arkena Coffee Marketplace, connecting you to the next coffee harvest in Ethiopia through direct trade.https://arkenacoffee.com/https://www.instagram.com/arkenacoffee/Email: hello@arkenacoffee.comEpisode DescriptionThis is Part 1 of a five-part series, The Reality of Being a Smallholder Coffee Farmer in Volatility, with Ana Donneys from Cafe Primitivo.In this opening conversation, we unpack what volatility truly means for smallholder producers.Volatility is often discussed in relation to the C market, futures prices, or export trends. For smallholder farmers, however, volatility is lived through yield loss caused by climate shifts, rising fertiliser and labour costs, unpredictable exchange rate movements, and limited access to financial risk management tools.Ana shares a real example of signing a direct trade contract at what appeared to be a strong exchange rate, only to experience a significant drop in yield and a peso devaluation that altered her cost structure dramatically.When production volume drops, cost per pound increases immediately. When currency shifts, the value of revenue changes in local terms. When labour and inputs rise, margins tighten further. In this context, high global coffee prices do not automatically translate into stability or profitability.The conversation also addresses the structural gap between corporate farms, which may have access to hedging instruments or financial advisors, and smallholder producers who cannot afford the capital required to participate in those tools.This episode reframes “high prices” by grounding them in the layered financial realities of farm-level economics.Guest linksInstagram: https://www.instagram.com/cafeprimitivo/ Website: https://www.cafeprimitivocolombia.com/ LinkedIn: https://www.linkedin.com/in/anadonneys/ ***************************************About Map It Forward The Daily Coffee Pro is produced by Map It Forward, supporting coffee professionals globally across the supply chain.Website: https://mapitforward.coffeeMailing list: https://mapitforward.coffee/mailinglistPatreon: https://www.patreon.com/mapitforwardInstagram: https://www.instagram.com/mapitforward.coffee/Contact: support@mapitforward.org

Advertising SponsorThis episode is brought to you by Arkena Coffee Marketplace, connecting you to the next coffee harvest in Ethiopia through direct trade.https://arkenacoffee.com/https://www.instagram.com/arkenacoffee/Email: hello@arkenacoffee.comEpisode DescriptionThis is Part 1 of a five-part series, The Reality of Being a Smallholder Coffee Farmer in Volatility, with Ana Donneys from Cafe Primitivo.In this opening conversation, we unpack what volatility truly means for smallholder producers.Volatility is often discussed in relation to the C market, futures prices, or export trends. For smallholder farmers, however, volatility is lived through yield loss caused by climate shifts, rising fertiliser and labour costs, unpredictable exchange rate movements, and limited access to financial risk management tools.Ana shares a real example of signing a direct trade contract at what appeared to be a strong exchange rate, only to experience a significant drop in yield and a peso devaluation that altered her cost structure dramatically.When production volume drops, cost per pound increases immediately. When currency shifts, the value of revenue changes in local terms. When labour and inputs rise, margins tighten further. In this context, high global coffee prices do not automatically translate into stability or profitability.The conversation also addresses the structural gap between corporate farms, which may have access to hedging instruments or financial advisors, and smallholder producers who cannot afford the capital required to participate in those tools.This episode reframes “high prices” by grounding them in the layered financial realities of farm-level economics.Guest linksInstagram: https://www.instagram.com/cafeprimitivo/ Website: https://www.cafeprimitivocolombia.com/ LinkedIn: https://www.linkedin.com/in/anadonneys/ ***************************************About Map It Forward The Daily Coffee Pro is produced by Map It Forward, supporting coffee professionals globally across the supply chain.Website: https://mapitforward.coffeeMailing list: https://mapitforward.coffee/mailinglistPatreon: https://www.patreon.com/mapitforwardInstagram: https://www.instagram.com/mapitforward.coffee/Contact: support@mapitforward.org

If you’re thinking about retirement or already living in it, the financial headlines can feel like a carnival — prediction markets, Bitcoin speculation, zero-day options, and apps that let you bet on anything from sports scores to an earnings call. On this episode of The Financial Hour of the Tom Dupree Show, Tom Dupree, James Dupree, and Mike Johnson cut through the noise to explain what separates genuine long-term investing from high-stakes gambling — and why that distinction matters more than ever for your retirement portfolio. The Rise of Prediction Markets: Kalshi, Polymarket, and the Wild West of Financial Betting The conversation opened with a look at Kalshi — an online prediction market platform where users can place contracts on virtually anything: Supreme Court decisions, what words a politician will say in a speech, or the opening song at a Super Bowl halftime show. Unlike regulated sportsbooks such as FanDuel or DraftKings, Kalshi operates under minimal oversight from the CFTC, which currently has zero enforcement staff dedicated to this space. Tom Dupree noted that the real danger isn’t just the unregulated nature of the platform — it’s the potential for insider information to corrupt what should be fair markets: “In my business, if I know about a material fact and I trade based on it, they could take my license and bury me under the jail. But this platform sets up for that to happen, and there’s almost no oversight.” Key concerns raised in this episode: Kalshi allows bets on corporate earnings calls, political speeches, and sporting events — any of which could be exploited by insiders The platform holds user cash at a 3.25% yield, blurring the line between a betting platform and a financial institution Spreads and transaction fees on thinly traded contracts can be extremely wide — in some cases, a buyer pays 32 cents while a seller receives only 70 cents on a contract Robinhood has entered the prediction market space, bringing Wall Street-style algorithmic traders into an unregulated environment James Dupree summed up the deeper problem with unregulated prediction markets: “It calls into question the legitimacy of what actions are taking place — be it in politics, sports, every aspect of life. Can you trust what’s being said, or is it being said because of this bet?” — James Dupree For context on why this matters to your financial future, visit our Market Commentary archive for more episodes on financial trends affecting retirement investors. The 2008 Financial Crisis Lesson: When the Side Bet Becomes Bigger Than the Main Event The team drew a powerful parallel between today’s prediction markets and the derivatives that helped trigger the 2008 financial crisis. Mike Johnson explained it with a vivid analogy: “You’ve got one person at a roulette table placing a $100 bet. Then you’ve got somebody behind them placing a $100 bet on that one. And it goes 50 people deep. On that initial $100 bet, you now have $50,000 tied to how it plays out.” That’s exactly what happened with mortgage-backed securities and credit default swaps (CDS) in 2008. Bonds that appeared AAA-rated were actually junk, and when the underlying mortgages failed, the cascading losses from derivative instruments wiped out financial institutions that had no direct exposure to the original loan. The lesson for retirement investors in Kentucky and beyond is straightforward: complexity and opacity in financial products are a warning sign, not a feature. Want to understand how Dupree Financial Group’s approach differs from firms that chase complexity? Read our Investment Philosophy to see how we think about protecting and growing your portfolio. Investing vs. Gambling: What’s the Real Difference? This is the core question of the episode — and it’s one that applies directly to anyone managing retirement assets. Mike Johnson offered a clear distinction: Gambling is binary. You’re either right or wrong within a short, defined timeframe. Zero-day options, Kalshi contracts, and sports betting all share this characteristic. Even one winning trade can reinforce a gambler’s mindset that makes long-term financial discipline nearly impossible. Investing gives you time. As Tom put it, the companies Dupree Financial holds in client portfolios are real — enterprises of people solving problems, making products, and generating long-term cash flow. A stock price can be wrong in the short-term while the underlying business remains fundamentally sound. Key takeaways from this segment: Volatility is an opportunity for long-term investors, not a threat — it’s when patient investors can buy quality companies at reduced prices “Action junkies” — traders who crave market movement — actually create buying opportunities for disciplined investors Platforms like Robinhood are designed to encourage frequent trading, which behavioral research links to worse outcomes for retail investors Good investment behavior is often doing nothing — holding your position when others panic is one of the most valuable skills a retirement investor can develop “What we’re trying to do at our firm is encourage good behavior. And a lot of times good behavior is to do nothing. Don’t do a trade today. Don’t buy, don’t sell. Hold on to your position.” — Tom Dupree Why Companies Beat Commodities and Crypto for Retirement Income Tom Dupree made a point that often surprises listeners: he doesn’t view Bitcoin, gold, or silver as true investments — he views them as speculation vehicles. The reason? You can’t assign a rational value to them. Unlike a company, you never know if you’re getting a fair price. There’s no cash flow, no optimization, no human capital that can adapt the business model when conditions change. “Our companies are currency for money, as opposed to money being currency for our companies. You put together a productive company of people doing things, solving problems, making products — that is a unique invention in the history of mankind.” This philosophy directly shapes how Dupree Financial Group manages client portfolios — favoring income-producing equities in separately managed accounts over speculative assets, and prioritizing transparency so clients always know what they own and why. Frequently Asked Questions What is Kalshi, and why is it controversial? Kalshi is an online prediction market where users can place contracts on real-world outcomes — from political decisions to sports events to corporate earnings calls. It’s controversial because it operates with minimal regulatory oversight, creating the potential for insider trading and market manipulation that would be illegal in regulated securities markets. How did derivatives contribute to the 2008 financial crisis? In 2008, financial institutions created layers of derivative securities — including credit default swaps (CDS) — tied to mortgage bonds that appeared safe but were actually high-risk. When the underlying mortgages failed, the value of these derivatives collapsed, wiping out far more capital than the original bad loans ever could have. The “side bet” became bigger than the original investment, which is why the contagion spread so quickly. What’s the difference between gambling and long-term investing? Gambling is typically a binary, short-term event where you’re right or wrong within a defined window. Long-term investing allows you to be wrong in the short term and still come out ahead because time lets the underlying value of a quality business work in your favor. Disciplined investors can also take advantage of volatility created by short-term speculators to buy good companies at better prices. Should retirees own Bitcoin or gold? Tom Dupree’s view is that neither Bitcoin nor gold can be rationally valued the way a business can — you can’t analyze cashflows, growth potential, or management quality. While both have their advocates, Dupree Financial Group’s investment philosophy centers on income-producing companies with transparent fundamentals, which are better suited to generating reliable retirement income. How does Dupree Financial Group protect clients from speculation risk? Dupree Financial Group uses separately managed accounts and a fiduciary, fee-based approach that prioritizes income-producing equities over speculative assets. Clients have direct access to their portfolio managers — not a rotating roster of assigned counselors — which means your strategy stays personal, consistent, and grounded in your actual retirement goals. Schedule a Personalized Portfolio Analysis to see how we’d approach your specific situation. Is Your Retirement Portfolio Built to Last — Or Built to Bet? If the prediction markets conversation made you wonder whether your current investments are truly working for your retirement, it may be time for a second opinion. At Dupree Financial Group, we’ve spent decades helping central Kentuckians build retirement income they can count on — not strategies that depend on being right at exactly the right moment. Call us today at (859) 233-0400 or schedule your complimentary Personalized Portfolio Analysis directly on our website. There’s no pressure — just a straight conversation about what you own, why you own it, and whether it’s positioned to carry you through retirement. Explore more episodes and market insights in our Market Commentary archive, and learn more about how we think about long-term wealth in our Investment Philosophy. The post When Side Bets Swallow the Main Event: Investing vs. Gambling appeared first on Dupree Financial.

The Hidden Investment Risks Pre-Retirees and Retirees Don’t See Coming: Kentucky Retirement Planning Insights Are you approaching retirement and concerned about protecting your life savings from market volatility? In this comprehensive episode of the Tom Dupree Show, Kentucky retirement planning advisors Tom Dupree and Mike Johnson explore the multidimensional nature of investment risk and why personalized investment management is essential for pre-retirees aged 50-65. Unlike mass-market approaches from large firms, Dupree Financial Group provides direct access to portfolio managers who understand your specific retirement goals and risk tolerance. This evergreen financial education episode delivers timeless wisdom on risk assessment, portfolio protection strategies, and why understanding what you own is critical before retirement. Whether you’re working with a local financial advisor in Kentucky or managing investments on your own, these insights will help you make more informed decisions about your retirement security. Key Takeaways: Investment Risk Management for Pre-Retirees Risk is multidimensional: Investment risk extends beyond simple volatility—it includes sequence of returns risk, concentration risk, and the risk of falling short of your retirement goals The Capital Asset Pricing Model misconception: More risk doesn’t automatically mean more return; it means a wider range of potential outcomes, both positive and negative The danger of false security: Long periods of strong returns can create complacency, causing investors to unknowingly take on excessive risk right before retirement Personalized portfolio analysis matters: Your investment strategy must align with your specific retirement timeline, income needs, and risk capacity—not just market averages Understanding beats panic: Clients who truly understand their portfolio holdings don’t panic during market downturns because they know their strategy is designed for their goals Active risk identification: Professional Kentucky retirement planning involves continuously identifying and monitoring specific risks to each holding, not just following the crowd Howard Marks on Investment Risk: Wisdom from a Market Legend The episode draws heavily from Howard Marks’ influential 2006 memo on risk, which Tom and Mike have studied extensively. Marks, co-founder of Oaktree Capital Management, challenges conventional thinking about risk and return relationships. “If more risk always meant more return, it would cease being risky. The risk would be riskless,” explains Mike Johnson, highlighting the fundamental misunderstanding many investors have about the risk-return relationship. The discussion emphasizes that bearing risk unknowingly represents one of the biggest mistakes pre-retirees can make. This is particularly relevant for those who have experienced strong market performance for years without understanding the volatility embedded in their portfolios. The Real-World Cost of Ignoring Investment Risk Tom Dupree shares a cautionary tale that every pre-retiree should hear: “There was a man that came to me years ago who had been at UK for a number of years. He had invested in Fidelity and TIAA-CREF, good funds, great returns. He had something like 1,000,006 and he had averaged 13 and a quarter percent return per year for like 23 years. He extrapolated that he could take 10% a year, which was $160,000, live on it and be okay because it was gonna keep doing that. The sequence of returns turned around and bit him good.” This example perfectly illustrates sequence of returns risk—a critical concept for anyone approaching retirement. Even with excellent average returns, the timing of market downturns relative to when you need to withdraw funds can devastate a retirement plan. This is why personalized investment management from a local financial advisor who understands your specific timeline is so valuable. Why Volatility Isn’t the Only Risk Pre-Retirees Face The episode challenges the traditional definition of investment risk as merely volatility. For pre-retirees and retirees specifically, Mike Johnson explains: “The base case that we’re trying to solve here? We’re speaking specifically to near retirees and retirees. Volatility is gonna be your friend or your foe the day you need to take your money out. That’s gonna be your definition of risk—what has the volatility done to my money the day I need it.” Additional Risk Dimensions for Kentucky Retirement Planning Falling short of goals: The risk that your portfolio won’t produce sufficient income for your desired retirement lifestyle Concentration risk: Over-exposure to single stocks or sectors, especially common with company stock or recent tech winners Unconventionality risk: The professional risk advisors take when thinking independently rather than following the crowd—but this can benefit clients long-term Underperformance risk: Short-term underperformance relative to indices, which requires conviction in your strategy and understanding your goals Hidden risk exposure: Unknown risks embedded in portfolios, particularly index funds that provide no true diversification strategy The False Sense of Security: Why Long Bull Markets Are Dangerous One of the most powerful concepts discussed is how prolonged positive market performance can numb investors to risk—exactly when they should be most vigilant. Mike Johnson references Nassim Taleb’s “Fooled by Randomness” to illustrate this danger: “Reality’s far more vicious than Russian roulette. First, it delivers the fatal bullet rather infrequently, like a revolver that would have hundreds or even thousands of rounds instead of six. After a few dozen tries, one forgets about the existence of a bullet under a numbing false sense of security. One is thus capable of unwittingly playing Russian roulette and calling it by something alternative: low risk.” This perfectly describes the situation many pre-retirees face today after years of strong market performance. The analogy to driving at 90 mph—where you stop feeling the speed—resonates powerfully. You’re taking significant risk, but you’ve become accustomed to it and no longer perceive the danger. Direct Access to Portfolio Managers: The Dupree Financial Difference Unlike large firms where you’re assigned an investment counselor who may change frequently, Dupree Financial Group provides direct access to portfolio managers Tom Dupree and Mike Johnson. This relationship-focused approach enables: Deep understanding of your specific retirement timeline and goals Customized portfolio construction based on your unique risk capacity Ongoing education about what you own and why you own it Proactive risk identification specific to your holdings The ability to think unconventionally when it serves your interests “When our clients understand what’s in their portfolio and why, they don’t call us panicking when the market drops,” Tom Dupree emphasizes, highlighting the value of education and transparency in financial relationships. Why Index Funds Aren’t a Complete Investment Strategy The episode delivers a sobering message about the limitations of index fund investing for retirees: “If you don’t like risk and you think that you’re not taking any risk by investing in the S&P 500, sweetie pie, you need to get in the money market fund and just hope you got enough money to ride through it because you are taking risk that you don’t know about. And that is a problem because you’re gonna find it out in a very uncomfortable way at some point.” This doesn’t mean index funds have no place in portfolios, but rather that they shouldn’t be confused with a comprehensive retirement income strategy. Personalized portfolio analysis considers: Your specific income needs in retirement Time horizon until you need to access funds Concentration risk in popular stocks or sectors The difference between the accumulation and distribution phases Tax efficiency of different investment approaches Building a Foundation: From Stocks to Portfolio For younger investors just starting out, Mike Johnson offers this perspective: “If somebody’s in their late twenties, early thirties and they have a few stocks here and there, that’s great. You’re ahead of the curve from a lot of people, but that is not a portfolio. What you want to do is lay a foundation that’s more sturdy, more solid than just having a few stocks here and there.” This guidance is equally relevant for pre-retirees who may have accumulated individual positions over time without a cohesive strategy. Kentucky retirement planning requires transitioning from an accumulation mindset to a distribution strategy—and that requires professional portfolio architecture. The Retirement Risk Equation: It’s About Income, Not Just Account Balance One of the most important insights for pre-retirees: “Remember, it’s not just the accumulation, it’s not the dollar amount, it’s what it’s gonna produce for you and how long can it produce that to sustain you. Retirement has the normal set of rules plus other variables that you have to take into consideration.” This shift in perspective—from portfolio value to sustainable income—is where personalized investment management becomes critical. Every individual’s situation differs slightly, and those differences matter enormously in retirement planning. Faith, Risk, and Investment Philosophy Tom Dupree introduces an often-overlooked dimension of investment risk: the role of faith. Not just faith in markets or historical returns, but a deeper consideration of existential risk and what you ultimately trust. “Underpinning any investment scheme is faith. At the base of everything related to risk is faith. You cannot get away from it. One of the things about the God factor is that it takes certain elements of risk that you’re willing to take on for yourself and transfers them to a higher power.” While this dimension is personal and not emphasized in typical financial planning, it reflects Dupree Financial Group’s holistic approach to understanding clients as people—not just portfolios. Frequently Asked Questions About Investment Risk and Retirement Planning What is the biggest investment risk for pre-retirees? The biggest risk for pre-retirees is sequence-of-returns risk—experiencing market downturns just as you begin withdrawing from your portfolio. Even with strong average returns over time, poor returns in the years immediately before and after retirement can devastate your retirement security. This is why personalized retirement planning in Kentucky focuses on more than just average returns. How is investment risk different for retirees versus younger investors? For retirees, risk is primarily defined by volatility’s impact on withdrawals. When you need to take money out during a market downturn, you crystallize losses and reduce your portfolio’s recovery potential. Younger investors have time to recover from volatility. As Tom Dupree explains, “Volatility is gonna be your friend or your foe the day you need to take your money out.” Are index funds safe for retirement portfolios? Index funds are not inherently “safe” for retirement—they carry significant volatility and concentration risks (especially in large-cap tech stocks right now). While they can be part of a retirement strategy, they should not be confused with a comprehensive income plan. Local financial advisors can help design strategies that balance growth needs with income stability. How much can I safely withdraw from my retirement portfolio annually? There’s no universal answer—withdrawal rates depend on your portfolio composition, risk tolerance, retirement timeline, and income needs. The gentleman in Tom’s example assumed 10% annual withdrawals based on historical 13.25% returns, which proved disastrous. Personalized portfolio analysis determines sustainable withdrawal rates specific to your situation. Why should I work with a local Kentucky financial advisor instead of a large national firm? Local advisors like Dupree Financial Group provide direct access to portfolio managers who personally manage your investments, rather than being assigned to a counselor who may change. You receive personalized service, education about your holdings, and strategies tailored to your specific goals—not mass-market approaches. Tom emphasizes: “When our clients understand what’s in their portfolio and why, they don’t call us panicking when the market drops.” What does it mean to “know what you own” in my portfolio? Knowing what you own means understanding not just the names of your holdings, but the specific risks each position carries, how they work together, and why each was selected for your situation. It means knowing what could go wrong with each investment and having conviction in your overall strategy during market volatility. How often should I review my retirement portfolio risk? Pre-retirees should review portfolio risk at least annually, and more frequently as retirement approaches. Risk tolerance, time horizon, and income needs change as you near retirement. Kentucky retirement planning professionals continuously monitor holdings for emerging risks and rebalance as needed. What is concentration risk, and why does it matter? Concentration risk occurs when your portfolio has too much exposure to a single stock, sector, or asset class. Many investors have unknowingly accumulated concentration in large technology stocks through both index funds and individual holdings. If that sector declines, your entire portfolio suffers disproportionately. Diversification addresses concentration risk. How do I know if I’m taking too much risk before retirement? Signs you may have excessive risk include: heavy concentration in stocks after years of strong returns, high portfolio volatility relative to your withdrawal timeline, lack of income-producing assets, or simply not understanding what you own. A complimentary portfolio review with Dupree Financial Group can identify hidden risks: call 859-233-0400. What makes Dupree Financial Group’s investment philosophy different? Dupree Financial Group focuses on building long-term relationships with people—not just managing money. The team conducts their own research, provides comprehensive education, thinks independently rather than following the crowd, and designs portfolios around your specific goals. Learn more about their investment philosophy. Schedule Your Complimentary Portfolio Risk Analysis Don’t Wait for a Market Downturn to Discover Hidden Risks in Your Portfolio If you’re retired or approaching retirement, understanding the specific risks in your portfolio is critical. After 47 years in the investment business, Tom Dupree has seen countless retirees discover they were taking far more risk than they realized—often at the worst possible time. Dupree Financial Group offers Central Kentucky residents a complimentary portfolio review to help you: Identify hidden concentration risks in your current holdings Understand the sequence-of-returns risk as you approach retirement Evaluate whether your portfolio aligns with your retirement income needs Learn what you actually own and why it matters Develop a personalized strategy for your retirement timeline Call 859-233-0400 to schedule your complimentary consultation Or visit us online: Schedule Your Personalized Portfolio Analysis Learn About Our Investment Philosophy Listen to More Market Commentary Read Client Testimonials Explore Kentucky Retirement Planning Services Dupree Financial Group serves clients throughout Central Kentucky, including Lexington, Louisville, Frankfort, Winchester, Richmond, and surrounding communities. About the Tom Dupree Show The Tom Dupree Show provides timeless financial education for investors approaching and in retirement. Hosted by Tom Dupree, Jr., founder of Dupree Financial Group, and portfolio manager Mike Johnson, each episode delivers practical insights on investment management, retirement planning, and portfolio risk assessment. Unlike generic financial advice, the show focuses on the specific challenges facing Kentucky retirees and pre-retirees. Tom Dupree founded Dupree Financial Group on the principle that creating long-term relationships with people—not just their money—is the key to successful wealth management. With direct access to portfolio managers and personalized investment strategies, Dupree Financial Group delivers the attentive service of a local advisor with the knowledge of a seasoned investment team. Episode Type: Evergreen Financial Education Primary Topics: Investment Risk, Retirement Planning, Portfolio Management, Sequence of Returns Risk Featured Guests: Mike Johnson, a member of the team at Dupree Financial Group Listen to More Episodes: Market Commentary Archive Share This Episode Help others understand investment risk by sharing this episode: www.dupreefinancial.com/podcast The post The Hidden Investment Risks You Don’t See Coming: Kentucky Retirement Planning Insights appeared first on Dupree Financial.

In this session, Tyler responds to a question about whether there's a reason for a seeming spike in cancelled pledges when launching projects today? It turns into a discussion about the importance of distinguishing “noise” during a live campaign from meaningful “signal.” Then we discuss ways to turn observations into comparable rates and introduces a simple DIY metric called “negative backer volatility.”

Is Russia about to re-enter the U.S. dollar settlement system?In this powerful breakdown, Wallstreet Trapper connects the dots between:• A potential U.S.–Russia fossil fuel and critical materials deal• Russia possibly rejoining the USD settlement system• What that means for China and BRICS• The Federal Reserve injecting $30+ billion into markets• Hedge funds hitting RECORD short-selling levels• February volatility and a possible May–June market rally• Small caps outperforming large caps (IWM rotation)• Why this market feels like a trap for buyers and sellersBrace Yourself: February Volatility, Fed Moves & a Massive Market Setup

After a bump in crypto-fueled listener calls, Don tackles a mix of practical and philosophical money questions: why Fidelity's new “stablecoin” isn't an investment at all, whether a heavily conditioned city 401k match is worth the risk versus a flexible Roth 457, how to safely reposition an 85-year-old's idle savings without sacrificing liquidity, and why actively managed mutual funds can generate painful surprise tax bills. The episode closes with the return of Bitcoin Bob, sparking a spirited debate over whether Bitcoin is a currency, a commodity, or a “store of wealth” — and whether something that swings 50% qualifies for that title. 0:04 Crypto episode follow-up, listener call surge, and AI voice processing update 1:52 Fidelity's new stablecoin FIDD — why it's pointless for investors 3:41 City retirement plan dilemma: conditional 401k match vs. Roth 457 flexibility 8:24 When complicated employer matches aren't worth the hoops 9:31 Helping an 85-year-old move idle savings — high-yield savings vs. brokerage 11:40 Janus mid-cap fund capital gains surprise and ETF tax efficiency 13:11 Why mid-cap alone isn't diversification — broader ETF alternatives 15:19 Bitcoin Bob returns: currency vs. commodity vs. “store of wealth” 19:53 Volatility reality check — why Bitcoin fails the store-of-wealth test Learn more about your ad choices. Visit megaphone.fm/adchoices

Resource sector investor Erik Wetterling (a.k.a. The Hedgeless Horseman) shares insights about current conditions in gold and silver equities, market corrections, jurisdictional risk, and how he sizes positions. Erik shares his perspective of risk/reward set-ups and when he bets big on undervalued junior mining stocks. Furthermore, Erik discusses market psychology, volatility, some stock picks and what he looks for in a quality junior mining stock opportunity. 0:00 Intro 1:04 Market Correction After VRIC: Staying Fully Invested & Value Shuffling 2:46 Why Juniors Still Look Cheap: Patience, Boredom, and the ‘Wall of Worry' 4:23 Sentiment Whiplash: Buying Misery vs. Hot Metals Markets 7:21 Beyond Gold & Silver: Copper, Nickel, and Macro Uncertainty (AI, Economy) 9:39 How to Play Base Metals: Producers vs. Developers + The Importance of Teams 12:29 Conference Circuit: First Vancouver Trip, PDAC Plans, and Why Events Matter Again 15:11 PDAC Talk Preview: Psychology, Volatility, and Being Comfortable Looking Stupid 18:03 Filtering the Noise: Social Media, Discipline, and Holding a 2-Year Thesis 22:12 Technicals vs. Fundamentals: Charts as Entertainment, Position Size as the Real Tool 25:58 People Matter: Evaluating CEOs, Communication, and Execution Ability 27:03 Why ‘Good People' Beat ‘Hidden Gems' in Mining Investing 28:50 Due Diligence Shortcuts: Third-Party Validation & Knowing What Success Looks Like 29:43 Vision Matters: 1–3 Year Roadmaps and 10-Year Mine Plans 31:19 People vs. Project: When the Asset Speaks for Itself 33:32 Low-Maintenance, Long-Term Portfolios (and Why People Matter More Over Time) 34:42 Jurisdictional Risk Spotlight: Mexico After the Tragedy 38:22 Positioning Through Metal Cycles: Invest Like It's a Perpetual Bear Market 41:34 Concentration & Conviction: No Hard Rules on Position Size 45:01 Qualitative vs Quantitative Conviction: Choosing the Right Team Over ‘Cheap' Numbers 49:06 Top Pick Breakdown 51:32 Wrap-Up, Where to Follow Erik's website: https://www.thehedgelesshorseman.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE's owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Is the market teetering on the edge of a "seminal collapse"? On this episode of Volatility Views, Mark Longo, Mark Sebastian (the "Meatball"), and Russell Rhoads (Dr. VIX) break down a chaotic week in the vol markets. From the aftermath of a legendary "V-Death Match" on the Pro network to the Supreme Court's ruling on tariffs, the team explores why the VIX is hovering near 20 despite indices sitting near all-time highs. Inside This Episode: The Volatility Review: A deep dive into the "weird" market reaction following the Supreme Court tariff ruling, spicy PCE data, and the decoupling of the Mag Seven from the rest of the market. The Private Credit Fiasco: Mark Sebastian sounds the alarm on cross-asset margining, Bitcoin's "teetering" state, and the potential for a Michael Saylor "apology tour." The VIX Mothership: Analysis of the massive call buying in March, April, and even May 70/80 strikes. Is someone hedging for a black swan? Russell's Weekly Rundown: Breaking down the "best option trade ever seen" using July 100 calls to finance downside protection. The Weekend Trade: With carrier groups moving in the Gulf and geopolitical tensions rising, is it time to load up on UVIX?

As the Trump administration navigates the U.S. Supreme Court's decision to overturn IEEPA tariffs, David Volpe talks about the processes available to reintroduce tariffs. As for the markets, David believes they continue to show resilience despite the expected uptick in volatility. Nvidia's (NVDA) earnings is what he points to as the next catalyst and a testament to continuing strength in the AI trade.======== 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

The U.S. Supreme Court struck down the Trump administration's tariffs, adding more uncertainty to the state of global trade. Kevin Hincks was surprised to see an immediate rally following the announcement. He argues there's more question marks than before, especially around what the U.S. will do with the tariff revenue it already collected from other countries. Kevin later turns to the latest economic data in new home sales and consumer sentiment. ======== 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

For the original iTunes version, click here. This week...

Is the market teetering on the edge of a "seminal collapse"? On this episode of Volatility Views, Mark Longo, Mark Sebastian (the "Meatball"), and Russell Rhoads (Dr. VIX) break down a chaotic week in the vol markets. From the aftermath of a legendary "V-Death Match" on the Pro network to the Supreme Court's ruling on tariffs, the team explores why the VIX is hovering near 20 despite indices sitting near all-time highs. Inside This Episode: The Volatility Review: A deep dive into the "weird" market reaction following the Supreme Court tariff ruling, spicy PCE data, and the decoupling of the Mag Seven from the rest of the market. The Private Credit Fiasco: Mark Sebastian sounds the alarm on cross-asset margining, Bitcoin's "teetering" state, and the potential for a Michael Saylor "apology tour." The VIX Mothership: Analysis of the massive call buying in March, April, and even May 70/80 strikes. Is someone hedging for a black swan? Russell's Weekly Rundown: Breaking down the "best option trade ever seen" using July 100 calls to finance downside protection. The Weekend Trade: With carrier groups moving in the Gulf and geopolitical tensions rising, is it time to load up on UVIX?

This interview is disseminated on behalf of GoldStockData.com. Precious metal markets have seen extraordinary volatility in recent weeks. Amid this pivotal moment for precious metals and the broader markets, how should investors interpret these moves? Don Durrett, gold and silver mining stock analyst at goldstockdata.com, shares his expert insights.He explains how recent volatility in gold and silver prices is indicative of an endgame scenario for the broader economy, while also highlighting the impact of the rise and fall of the S&P 500 on precious metals price trends.Check out: https://www.goldstockdata.comWatch the full YouTube interview here: https://youtu.be/6nEpHi_4eqIAnd follow us to stay updated: https://www.youtube.com/GlobalOneMedia

If you've been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I'd encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There's a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you're ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link: https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)Show Notes:Post from Gunjan Banerji on February 11th: https://x.com/GunjanJS/status/2021621102540476665?s=20Post on X from Unusual Whales and Trendspider on February 2nd: https://x.com/trendspider/status/2018321929133085044?s=12&t=Godkt5FzuqWcmpmvo2G5JgPost on X from Ryan Detrick on February 1st: https://x.com/ryandetrick/status/2018162240344490198?s=12&t=Godkt5FzuqWcmpmvo2G5JgInfo from Amanda Orson on X: https://x.com/amandaorson/status/2010035644127670660?s=12&t=Godkt5FzuqWcmpmvo2G5JgInflation Update: January inflation cooled to 2.4%, easing concerns about persistent price pressures.Earnings Volatility: Largest post-earnings stock swings since 2012, highlighting a more reactive market environment.Stock Selection Strategy: Focus on price strength and sector leadership over narratives and headlines.Analyst Forecast Skepticism: Caution around bold price targets and hype-driven projections.Volatility as Opportunity: Spikes in fear indicators have historically created buying opportunities.Credit Card Rate Cap Proposal: A 10% cap could restrict credit access and disrupt risk-based lending.Impact on Rewards & Lenders: Potential reduction in credit card perks and profitability pressures for issuers.

Andrew Wells reacts to yesterday's FOMC minutes, arguing the members are trying to react “to the market.” On rates, he would “not be surprised” to see the 10-year at 4.5 this year, and discusses the need for inflation to move down before any cuts. He doesn't expect any cuts before Kevin Warsh takes over as Fed Chair, and thinks that the timeline could be pushed further out. He likes defensive names and the utilities sector, including Duke Energy (DUK). He also thinks crypto could be very volatile from here, even moving back to highs.======== 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

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Goldman's Chief U.S. Equity strategist explains why despite fears surrounding AI disruption, recent earnings reports have shown solid growth. Why he's standing by his 7,600 year-end S&P 500 target. Then the CEO of Wheaton Precious Metals on the price action in gold and silver, and how that's impacting his business. Wheaton just announcing a big deal with a top global miner. And the CEO of Carvana reacts to earnings and responds to recent short seller reports surrounding the company's financials. Why he says they have no merit.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Gold is testing the $5,000 barrier — and the charts are flashing warning signs. Kerry Lutz and Jerry Robinson dive into gold and silver as markets test extreme levels. A rising 50-day moving average offers support, but long weekly wicks show momentum could be slowing. Will it break through, or pause first? Speculation around Kevin Warsh and shifting Fed expectations may be driving the pullback. If the hawkish premium fades, rates could ease — and gold reacts. Silver just went vertical — then crashed back. Volatility is insane. Yet the fundamentals remain rock-solid: industrial demand from solar and data centers is still building. The lesson is clear: don't panic. Diversify. Dollar-cost average. See spikes as opportunity, not fear. Strategy also matters. Substack is winning over WordPress for publishing, mailing, and monetization. Kerry shares early paid-subscriber traction, teases Living the Silverback Lifestyle, and outlines a new parking-enforcement book paired with litigation and a public campaign under the National Association of American Defrauded Parkers. Markets are wild. Policy is shifting. Psychology is stretched. Smart investors stay steady — and strike when others hesitate. Find Jerry here: https://followthemoney.com Find Kerry here :https://khlfsn.substack.com and here: https://inflation.cafe    Kerry's New Book "The Armstrong Economic Code: The 5 Truths Investors Must Never Forget" is out now on Amazon!  Get your copy here:   https://a.co/d/bvYbZOz  "The World According to Martin Armstrong – Conversations with the Master Forecaster" is a #1 Best Seller on Amazon. . Get your copy here: https://amzn.to/4kuC5p5  

Markets keep climbing, headlines keep swinging, and yet sentiment still feels stuck somewhere between cautious and confused. In Episode 175 of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist at Carson Group, zoom out to examine what is actually driving markets right now and where investors may be misreading the signals. From shifting expectations around growth and inflation to the way earnings, liquidity, and policy are interacting beneath the surface, they separate the emotional narrative from the measurable data.The conversation moves through current market leadership, valuation concerns, recession odds, and the risks that deserve attention without overreacting to every headline. They also explore what history suggests about similar environments, how positioning can amplify volatility, and why staying disciplined often feels hardest right when it matters most.Key Takeaways:• Earnings remain the foundation: Corporate profits continue to anchor market strength, even as narratives shift week to week • Sentiment lags fundamentals: Investor psychology still reflects caution despite improving breadth and resilient data • Policy and liquidity matter: Rate expectations, fiscal dynamics, and capital flows are shaping the next phase of returns • Volatility is part of the process: Pullbacks and headline shocks fit within historical patterns of ongoing expansions • Discipline beats drama: Long-term investors benefit more from structure and perspective than from reacting to every news cycleJump to:0:00 - New Titles And Warm-Up Banter2:42 - Framing A Tale Of Two Markets5:10 - Sector Splits And Market Breadth11:55 - Global Equity Strength And Style Shifts16:30 - AI Shockwaves Across Industries22:40 - Tech's Three Tracks: Software, Semis, Telecom27:35 - Short Interest, Contrarian Signals In Tech31:30 - International Rallies And Country Leaders37:15 - Jobs Revisions And Labor Market Reality44:20 - Youth Employment, AI Fears, And Data50:05 - Spurious Correlations And Market Folklore56:20 - CPI Details, Shelter Math, And Services HeatConnect with Ryan:• LinkedIn: https://www.linkedin.com/in/ryandetrick/• X: https://x.com/RyanDetrickConnect with Sonu:• LinkedIn: https://www.linkedin.com/in/sonu-varghese-phd/• X: https://x.com/sonusvarghese?lang=enQuestions about the show? We'd love to hear from you! factsvsfeelings@carsongroup.com

Jordan Rusche, Founder of Mining Stock Monkey, joins me for an in-depth and nuanced discussion on the recent gold and silver price volatility, his approach to valuing precious metals mining stocks and royalty companies; along with which companies he is actively trading in his portfolio.   We start out reviewing where we are in this precious metals cycle, with Jordan pointing out that most prior bull markets lasted 7-10 years.  He highlights that the gold price has been heading higher ever since its major bottom at $1045 back in December of 2015: “We are 10 years into this gold bull market already. That might suggest that we're getting towards the end of things…. However, if the US dollar keeps heading lower, towards 0, then upside in how high the silver and gold prices can go is infinite.” When asked if the move to triple digit silver was the blow off top, or if we'll see silver back over $100 in this cycle – Jordan reiterated that he still believes we'll see higher metals prices before this bull market runs its course.     Next we shifted over to some of the valuations in the gold producers in his portfolio. He still will look at each company though the lens of spot gold and silver pricing, but also will present his subscribers with a more conservative case using $50 silver and $4,000 gold. Jordan breaks down why he likes larger producers with growth on tap, highlighting the fundamental growth factors for Equinox Gold. We discuss why he recently sold half his shares in B2Gold, due to the increasing risk profile and potential for disappointing market guidance in the near-term.   Wrapping up we dive into some of the valuations he is looking at with regards to both the smaller and larger royalty companies, and why he is generally favoring the larger royalty and streaming companies.   Initially we unpack the many advantages that the royalty and streaming companies have over traditional mining companies, and why can participate in long-term value creation, and pull back less during corrective moves. He mentions that over a year ago he was more constructive on valuations of the smaller to mid-sized royalty companies, until they have since moved up to levels that seem more fairly valued, or even overvalued. He wants to focus on royalty and streaming companies that can aggressively reinvest revenues in growth, and many of the junior companies use up large percentages of revenues and free cash flows paying general and administrative expenses, giving them less capital to invest in new acquisitions. He discusses why he issued a sell alert recently to his subscribers with regards to the price-adjusted risk in Orogen Royalties, with regards to its valuation before it corrected down.  In contrast larger companies like Franco Nevada, Wheaton PMs, and Royal Gold pay their G&A out of just 2%-3% of their incoming revenues, with a big portion funded by just the interest made on cash on their balance sheets. Jordan highlights some large recent very large transactions executed by Royal Gold, Wheaton PMs, and Triple Flag as the kinds of value accretive growth that he is attracted to in the senior companies in this sector.   Jordan is extending a limited-time offer to KE Report listeners for those that would like to be become new Mining Stock Monkey subscribers.  Claim Your 10% Discount! (Limited to the first 10 users) https://miningstockmonkey.com/products/vip?promo=KE10 . . https://miningstockmonkey.substack.com/kereport10   Click below to follow Jordan's YouTube page, where he'll be putting up some new content soon: https://www.youtube.com/@MiningStockMonkey/videos   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Carl Quintanilla, Seema Mody, and David Faber broke down another morning of early pressure on the indices, with software stocks leading declines yet again. Hear market veteran Mohamed El-Erian's take on what he would do if he were a trader here - along with a deep-dive on how to 'AI-proof' your portfolio with one former Coatue director turned portfolio manager. Plus: If you can't beat them... Partner with them? Former Ford CEO Mark Fields joined the team to break down reports Ford is eyeing a possible joint venture with Chinese automakers... While David brought his own reporting around developments in the saga for Warner Bros. Discovery. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Send a textIn this insightful episode of The Wealth Vibe Show, host Vinki Loomba sits down with Niko Mercuris, a seasoned crypto trader and the founder of Crypto Renegades. Niko reveals his powerful strategies for building wealth through disciplined crypto trading, sharing his journey from losing millions in the 2008 financial crisis to becoming a leading expert in the crypto space.Key Takeaways:Rebuilding After the 2008 Financial Crisis: Niko shares his personal story of losing over $4 million during the 2008 crash and how he rebuilt his wealthMindset and Discipline in Crypto Trading: Niko emphasizes the critical role of mindset in trading success.The "Crypto Wormhole" Method: Niko introduces his Crypto Wormhole strategy, which enables traders to compress decades of wealth-buildingLeveraging the Volatility of Crypto Markets: Niko discusses how the inherent volatility of crypto markets offers numerous opportunities for tradersBitcoin as an Appreciating Asset: Niko explains why he prefers to trade and accumulate Bitcoin instead of relying on US dollarsEpisode Timestamps:00:00 - 02:00: Meet Niko Mercuris and hear about his journey 02:00 - 10:00: The importance of mindset in trading10:00 - 15:00: Introduction to the "Crypto Wormhole" method15:00 - 20:00: Leveraging Bitcoin for profit20:00 - 25:00: Understanding market cycles25:00 - 30:00: The difference between traditional stock market30:00 - 35:00: How to use Bitcoin as an appreciating asset 35:00 - 40:00: Real-world strategies40:00 - 43:00: Special Offer

Markets turn fragile as megacap tech weakens and investors brace for a pivotal Nvidia earnings moment that could set the next direction. Plus, copper demand tied to AI, energy, and data centers keep metals in focus despite falling prices and rising stockpiles. And later, panelists warn that geopolitics, tariffs, and global competition are amplifying volatility as traders hunt for opportunity in sharp market swings. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week features GDP and PCE prices Friday after Walmart reports Thursday. Volatility is up after another poor showing from major indexes last week amid AI-related shakiness.Important DisclosuresThis material is intended for general informational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.Past performance is no guarantee of future results.Diversification and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Investing involves risk, including loss of principal, and for some products and strategies, loss of more than your initial investment.Digital currencies [such as bitcoin] are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.Cryptocurrency-related products carry a substantial level of risk and are not suitable for all investors. Investments in cryptocurrencies are relatively new, highly speculative, and may be subject to extreme price volatility, illiquidity, and increased risk of loss, including your entire investment in the fund. Spot markets on which cryptocurrencies trade are relatively new and largely unregulated, and therefore, may be more exposed to fraud and security breaches than established, regulated exchanges for other financial assets or instruments. Some cryptocurrency-related products use futures contracts to attempt to duplicate the performance of an investment in cryptocurrency, which may result in unpredictable pricing, higher transaction costs, and performance that fails to track the price of the reference cryptocurrency as intended. Please read more about risks of trading cryptocurrency futures here.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.Spotify and the Spotify logo are registered trademarks of Spotify AB.(0128-0226) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Following the volatile short squeezes in gold and silver, Nigam Arora turns his attention to the path ahead in precious metals. He remains constructive on gold and silver moving higher and offers advice to investors buying on dips, as long as you can stomach short and mid-term volatility. As for the stunning software sell-off, Nigam sees bounces likely after many stocks dipped into oversold territory. That said, he warns of long-term structural risks to the overall sector. ======== 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

Zed Francis looks under the markets' hood, arguing that the biggest players all run “similar-ish portfolios,” and their risk management policies could be behind some of the downturn. He points to the jump in shorter-dated SPX puts, with volatility higher but overall market moves kind of sideways. He sees less risk going forward because of this. He also notes that Nvidia's (NVDA) earnings day on February 25 will be a huge event for the market.======== 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

Host Joel Appelbaum and Scott Smidlein, managing director and senior client executive at Marsh, break down the 2026 energy insurance outlook in this episode of The Edge of Risk Podcast by IRMI recorded at the 2026 Marsh North American Energy Industry Conference. They examine artificial intelligence- and data center-driven power demand, policy signals from Washington, and the strain of aging assets running at full tilt. They also look ahead to windstorm season and ongoing hail risk for growing solar portfolios. The takeaway: Volatility is the norm, but staying agile—while actively engaging with peers—creates a real competitive advantage.

Overview: Tune into this week's episode of Launch Financial as we discuss a big week in the markets as it continues to get hit on fears that AI could replace the software sector. All eyes remain on key economic data including the Fed's preferred measure of inflation, PCE, on Friday. For questions or inquire, email info@shermanwealth.com.  Show Notes: 

Volatility, AI, and wild swings in gold and silver are dominating headlines—but what do they mean for retirement? Art McPherson explores diversification, income stability, and why commodities behave differently than traditional investments. From AI’s real-world impact to long-term planning lessons from Tim McGraw, this episode blends market insight with practical retirement perspective. For more information visit www.artofmoney.com! Follow us on social media: YouTube | Instagram | Facebook | LinkedInSee omnystudio.com/listener for privacy information.

Volatility gripped Wall Street as tech stocks wavered amid renewed concerns about AI, although gains in financials helped steady the broader market. In company news, Warner Bros. reopened talks after Paramount signalled a higher bid, while in Europe, the FTSE 100 edged higher as softer jobs data bolstered rate-cut expectations. In commodities, oil prices slipped on signs of progress in US-Iran talks, while gold also fell as the US dollar strengthened. Back home, Aussie shares are poised to extend gains for a third straight session, with focus turning to upcoming wages data. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz are joined by the managing partners of NEOS Funds, Garrett Paolella and Troy Cates, to discuss how everyday investors can utilize their suite of ETFs to offset volatility in their own portfolios. ---

Gold dropped 5% while Silver fell 10% in one day recently. The S&P 500 Index has stayed in a range between 6800 and 7000 since the beginning of the year. 2026 may become known as the year of volatility.   This is not a surprise. I stated about a month ago that gold and silver had increased in value so quickly that it was unsustainable. I also stated it would be a good time to lock in some gains. When assets increase in value rapidly, they typically correct and have a period of volatility.   The US economy is in a period of historical change. This creates uncertainty. Uncertainty leads to volatility. A correction is probable.   Index products allow you to participate in potential upside gains while protecting your downside. This is the best time in 40+ years for index product returns.    There are 100's of index's. Ferenc has access to proprietary software that shows the one, 5, and 10 year returns. Contact Ferenc at ferenc@yourpersonalbank.com to review the index performance report to choose the highest performing indexes. Earn unlimited upside potential with no downside risk!

19 Minutes PodcastWe head into a new marketing week right in the middle of the crop insurance price discovery window. Chris is joined by Jeff Fichtelman to break down what they are seeing in old crop corn and soybean movement, why basis has been flat to softer in many areas, and how South American harvest selling could create headwinds over the next 30 to 60 days. They also dig into the bigger-picture drivers, including tariffs and China headlines, why farmers feel eager to sell rallies after the last few years, and why 2026 marketing decisions may need more patience with today's insurance and government program “floors.” Finally, they discuss outside markets (stocks, bonds, Bitcoin as a risk barometer), why volatility may be picking up, and why discipline, scenario planning, and knowing your real breakevens matter heading toward planting season.

Volatility returned to markets this week, reinforcing how quickly sentiment can shift in a headline-driven environment. For the week, the Dow Jones Industrial Average declined about 615 points, or 1.2%, the S&P 500 fell roughly 96 points, or 1.4%, and the Nasdaq dropped approximately 485 points, or 2.1%. Year to date, the Dow remains up 3%, while the S&P 500 is essentially flat, down 0.1%, and the Nasdaq is down 3%. From a technical standpoint, the discussion revisits the consolidation pattern that has defined the S&P 500 since Thanksgiving 2025. The index continues to encounter resistance near the 7,000 level and support around its 50-day moving average. Although the S&P has briefly closed below that moving average at times, it has not remained there for long, reinforcing the sideways trading range that has persisted for months. The Money Wise guys also note that despite this consolidation, the S&P 500 has still advanced about 13.8% since November 2024, underscoring that recent volatility exists within a longer-term upward trend. Artificial Intelligence Headlines A significant portion of the episode focuses on the growing market tendency to react instantly to artificial intelligence headlines. The guys caution that AI is more likely to enhance existing industries than replace them outright, pushing back against narratives suggesting widespread obsolescence across sectors. Recent examples illustrate how algorithm-driven trading and unverified news can trigger sharp price moves before facts are confirmed. The broader takeaway echoes a long-standing Money Wise principle: markets often react first and evaluate later, making disciplined perspective and active decision-making essential in periods dominated by speculation and rapid information flow. In the second hour, the Money Wise guys share The Best Investment Advice Ever . You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

The "Buy the Dip" mentality was put to the test this week. Host Mark Longo is joined by Dr. Russell Rhoads (the "Once, Future, and Present Dr. VIX") and Andrew Giovinazzi (The Rock Lobster) to break down a wild week that saw the VIX touch the 22 handle before a massive intraday reversal. In this episode, the crew dives into: The Volatility Review: Analyzing the impact of the rare midweek non-farm payrolls and the latest CPI data on market sentiment. AI Narrative Shift: Is the "AI is good for everything" bubble finally bursting? A look at multiple compression in the Mag Seven and the "Grizzly Adams" view of the market. Russell's Weekly Rundown: Dr. Russell Rhoads breaks down the "clown show" trades in the weeklies, the impact of the VIX bid-ask spread on morning spikes, and why the current correlation data suggests 2026 is behaving like a different beast. Crystal Ball: The team places their bets on where the VIX will settle next week as we head into a holiday-shortened trading session. Plus: A massive announcement regarding Vol Death Match 2.0: The Flow Master vs. Scott Nations. Find out how you can submit topics and judge the victor at TheOptionsInsider.com/pro . Check out Tastytrade: https://www.tastytrade.com/podcasts

Ted Oakley, founder and managing partner at Oxbow Advisors, says that he expects the market to be setting new highs but to challenge some serious lows, hurt by high valuations, current economic conditions and the election cycle. "This will not be a real strong year for the market, and if you make money, you will have to know where to invest and when to invest," Oakley says. He notes that he is more invested internationally in the last 18 months than he has been in years, due largely to lower valuations abroad, and he is also keeping some powder dry expecting better opportunities when the market gets shaken through patches of volatility. Chris Oberbeck, chairman and chief executive officer at Saratoga Investment Corp., says that  increases in default rates are more of a return to normal than a sign of trouble for business-development companies or the economy. Between a bankruptcy and fraud case like First Brands and softness in the software business, Oberbeck thinks that recent activity is more a hangover coming from a time of particularly low defaults, rather than a sign of something bad building up. In the Market Call, Simon Lack, managing partner of SL Advisors — which oversees the American Energy Independence Index — talks about energy and energy infrastructure stocks, as well as how current events in Venezuela are likely to affect oil stocks and energy markets.

It's not just the software space that experienced profound volatility. Gold, silver and bitcoin all saw outsized moves throughout a wild week on Wall Street. Marley Kayden and Sam Vadas take investors through their top takeaways to close the trading week. ======== 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

This week in search we have more ongoing Google search ranking volatility. Bing Webmaster Tools rolled out new AI Performance reports with a new design. Google AI Overviews tests new overlay cards. Grokipedia is seeing a decline in visibility in Google Search and ChatGPT...

In this episode we discuss AI-driven volatility and why “sell first” moments can ignore fundamentals. We share a stay-the-course process: assess fundamentals, judge AI’s impact, then decide: buy, hold, or sell with conviction.#AI #Investing #Markets #RiskManagement To read this week's Sight|Lines, click here. The views expressed in this podcast may not necessarily reflect the views of Stifel Financial Corp. or its affiliates (collectively, Stifel). This communication is provided for information purposes only. Past performance does not guarantee future results. Investing involves risk, including the possible loss of principal. Asset allocation and diversification do not ensure a profit or protect against loss. © Stifel, Nicolaus & Company, Incorporated | Member SIPC & NYSE | www.stifel.com See omnystudio.com/listener for privacy information.

The "Buy the Dip" mentality was put to the test this week. Host Mark Longo is joined by Dr. Russell Rhoads (the "Once, Future, and Present Dr. VIX") and Andrew Giovinazzi (The Rock Lobster) to break down a wild week that saw the VIX touch the 22 handle before a massive intraday reversal. In this episode, the crew dives into: The Volatility Review: Analyzing the impact of the rare midweek non-farm payrolls and the latest CPI data on market sentiment. AI Narrative Shift: Is the "AI is good for everything" bubble finally bursting? A look at multiple compression in the Mag Seven and the "Grizzly Adams" view of the market. Russell's Weekly Rundown: Dr. Russell Rhoads breaks down the "clown show" trades in the weeklies, the impact of the VIX bid-ask spread on morning spikes, and why the current correlation data suggests 2026 is behaving like a different beast. Crystal Ball: The team places their bets on where the VIX will settle next week as we head into a holiday-shortened trading session. Plus: A massive announcement regarding Vol Death Match 2.0: The Flow Master vs. Scott Nations. Find out how you can submit topics and judge the victor at TheOptionsInsider.com/pro . Check out Tastytrade: https://www.tastytrade.com/podcasts

In this episode of Dividend Cafe, Brian Szytel discusses the day's market reversal, with significant drops in the DOW, S&P, and Nasdaq. He highlights the ongoing rotation and decline in tech stocks, and notes falling long-term yields. Key economic updates include initial jobless claims and a notable drop in existing home sales. Szytel explores themes such as positive economic growth, new Federal Reserve leadership, and AI productivity growth. He delves into S&P earnings expectations, margin analysis, and the impact of lower inflation on real sales growth. Finally, he addresses a question about political influences on Fed leadership, emphasizing the qualifications and impartiality of the candidate in question. 00:00 Market Reversal and Daily Performance 01:08 Economic Indicators and Market Reactions 01:36 Sector Analysis and Earnings Expectations 02:38 Volatility and Market Dynamics 02:58 Earnings Margins and Sector Disparities 03:58 Inflation Impact and CPI Anticipation 04:24 Political Influence on Fed Decisions 05:26 Conclusion and Final Thoughts Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Henry Schwartz takes investors through the options front as stocks, ETFs, and indices alike all experience "record" activity. He looks at what he calls the "Mag 10" suite of stocks seeing the most trades, from Tesla (TSLA) and Nvidia (NVDA), to Netflix (NFLX) and Palantir (PLTR). Henry adds to his explanation by examining how popular crypto-based assets like the iShares Bitcoin Trust ETF (IBIT) saw surge amid Bitcoin's staggering price windfall. ======== 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 – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

Is Strategy actually doing nothing or is digital credit the product? This episode analyzes Strategy's Q4 2025 earnings call and explains why its perpetual preferred equity avoided margin calls, liquidations, and maturity risk. Pierre Rochard and Spencer Nichols break down why digital credit products like Stretch held near par while bitcoin drew down sharply. From credit ratings and cash buffers to Bitcoin-backed lending and quantum risk, this episode reframes what a Bitcoin treasury company really is.

Explore Bitcoin's recent price drawdown, the four-year halving cycle, leverage unwinds, market structure shifts, and why long-term Bitcoin adoption continues to advance despite near-term volatility.

AI disruption drives volatility as capital rotates from tech into energy and global markets. Todd Gordon, Larry McDonald, and William Lee break down valuation risks, earnings trends, crypto utility, and what comes next for growth stocks. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Why are Gartner investors so spooked by AI? And how is the AI infrastructure buildout supercharging Super Micro shares? Plus, what's behind the selloff of Coinbase shares? Host Jack Pitcher discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Why are Gartner investors so spooked by AI? And how is the AI infrastructure buildout supercharging Super Micro shares? Plus, what's behind the selloff of Coinbase shares? Host Jack Pitcher discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices