What's Next For Markets

Епизоди

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  Alex Goldfarb On Why REITs Could Be Entering Their Best Years in Decades 16.08.2026 26мин

  Alex Goldfarb joins us to explain why a lack of new real estate supply could create a powerful opportunity for REIT investors. We discuss the rebound in office, industrial and retail, how AI is driving unexpected demand for space, and why construction costs are keeping new supply constrained. Alex also explains why he is even more bullish on real estate than he was a year ago and where he sees the biggest opportunities over the next several years. For full disclosure information visit: http...
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  3 Market Themes You Can't Ignore 09.08.2026 12мин

  This week, we break down the three biggest themes driving today's market: accelerating economic data, exceptional corporate earnings, and the broadening of market leadership. We discuss why manufacturing PMIs continue to surprise to the upside, what another outstanding earnings season says about the strength of corporate America, and why the market's leadership is rotating from high-beta growth stocks toward value and quality cyclicals. We also explore how a softer-than-expected jobs report c...
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  The Future Drives Itself With Alex Potter 31.07.2026 40мин

  EV adoption is entering a new phase as higher gasoline prices, robotaxis, artificial intelligence, and global competition reshape the automotive industry. We sit down with Piper Sandler's Alex Potter to discuss why Chinese automakers continue gaining market share, how Tesla's vertically integrated business model is changing the rules of manufacturing, and why autonomous driving may become one of the biggest technological disruptions of the next decade. We also explore SpaceX's long-term ambit...
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  Software's AI Reckoning With Billy Fitzsimmons 26.07.2026 47мин

  Enterprise software has been one of the market's biggest losers, but are investors overreacting to AI fears? Piper Sandler's Billy Fitzsimmons joins us to break down whether AI is truly disrupting the software business model, why valuations have collapsed, where opportunities still exist, and how Microsoft, Oracle, and the hyperscalers fit into the next phase of the AI investment cycle. We also discuss vibe coding, consumption-based pricing, AI infrastructure spending, and why the eventual IP...
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  The State Of The Consumer With Piper Sandler’s Peter Keith 19.07.2026 21мин

  Consumer spending has been far more resilient than many investors expected, but the story isn't as simple as strong or weak. Peter Keith joins the podcast to explain why today's consumer is increasingly selective, how the K-shaped economy may finally be narrowing, and why certain retail categories are showing surprising strength despite ongoing housing weakness. We discuss what investors are hearing about oil prices, interest rates, the Middle East, and Federal Reserve policy, along with why ...
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  The Best Quarter in Six Years: What's Really Driving Markets? 12.07.2026 13мин

  The second quarter delivered the strongest market performance in six years, but the headlines only tell part of the story. In this episode, we step back from the day-to-day market noise to explore the bigger trends that shaped the quarter and what they could mean for investors going forward. We discuss why the rally broadened beyond the largest technology stocks, how improving manufacturing data and stronger-than-expected corporate earnings fueled gains across the market, and why the next pha...
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  Cheap Options And Expensive AI: Taking Stock With Danny Kirsch 05.07.2026 27мин

  The second half of the year is off to a strong start, but beneath the surface the market is changing. This week we're joined by Danny Kirsch to discuss why investors are increasingly looking beyond the AI trade and what that could mean for the next phase of the bull market. We dive into the broadening rally across the S&P 500, why semiconductor stocks have become unusually volatile, and how leveraged ETFs may be amplifying those swings. We also explore whether the Mag 7 could regain leade...
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  Markets, Rates, and the Return of Breadth 28.06.2026 18мин

  For the past few years, AI has been the market's defining story, but the conversation is beginning to evolve. In this episode, we examine why falling Treasury yields are becoming just as important as AI earnings, what the Fed may be signaling versus what the market believes, and why a broadening rally has quietly been taking shape. We also discuss how changing inflation expectations, improving economic data, and stronger earnings revisions are supporting areas of the market that have largely ...
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  The Case for Lower Inflation With Jake Oubina 14.06.2026 27мин

  Inflation may be cooling faster than markets expect and the implications are big. This week, we sit down with Jake Oubina to break down why commodity shocks are fading, why core inflation is set to grind lower, and why the Fed may be done hiking for this cycle. We connect the dots from falling gas prices to improving consumer confidence, stronger job growth, and a potential tailwind for housing and rate-sensitive sectors. If this disinflation trend holds, it could mark a shift back toward a G...
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  Inside the Biggest Index Rebalance And Upcoming Blockbuster IPOs 07.06.2026 21мин

  In this episode, we go deep into the mechanics of index construction with Jackson Venjohn Head Of Index Rebalancing At Piper Sandler. With hundreds of billions in forced buying and selling, the rise of passive investing has fundamentally changed how stocks trade, how liquidity forms, and how opportunities emerge. We unpack the largest rebalance cycle ever, and how blockbuster IPOs like SpaceX could reshape flows for years to come. If you want to understand what’s really moving markets beneath...
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  Why Our Rates Thesis Keeps Delivering 31.05.2026 16мин

  In this episode, we unpack the profound shift reshaping markets: the transition from a growth-driven framework to one dominated by interest rates and inflation anxiety. What began in late 2023 as a simple observation—that falling rates lift equities while rising rates pressure them—has evolved into a full-blown regime change with deep historical parallels. We explore why “bad news” like softer economic data can now be bullish, how decades-old correlations have flipped, and what this means for...
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  The Rate Squeeze 24.05.2026 16мин

  Interest rates are once again the market’s main character and while headline indices sit near all-time highs, the story underneath is far less comfortable. In this episode, Michael unpacks the growing disconnect between index-level strength and deteriorating market breadth, We dig into the regime shift that’s made rates matter more than growth, the reflexive cycle between yields, economic data, and equities, and why both the worst and best market moves tend to cluster around turning points in...
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  The Vibepression Economy With Kevin Gordon Of Charles Schwab 17.05.2026 33мин

  In this episode, we’re joined by Kevin Gordon, Head of Macro Research and Strategy at Charles Schwab, to break down one of the most confusing market environments in years. Despite geopolitical tension, rising rates, and persistent inflation concerns, markets continue to push to new highs. Kevin shares what he’s hearing from investors across the country, from retail to institutional and why the gap between how people feel about the economy and what the data says may be the defining feature of...
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  Markets Defy Gravity: Rates Up, Stocks Higher 10.05.2026 14мин

  In this episode, Emily breaks down a week where stocks hit all-time highs even as interest rates and oil prices moved higher. So what’s really going on? The answer lies beneath the surface. Despite constant headline noise and investor skepticism, the underlying story is clear; this market rally is broader, stronger, and more fundamentally driven than many realize. The big question—can it continue? For full disclosure information visit: http://www.pipersandler.com/researchdisclosures
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  Inside the Fed With Kurt Lewis: From Crisis Playbooks to What Comes Next 03.05.2026 28мин

  In this episode we sit down with Kurt Lewis, Head of Central Bank Policy at Piper Sandler and former Special Advisor to Fed Chair Jerome Powell. Kurt brings a rare insider perspective, having spent nearly two decades at the Federal Reserve, including during the global financial crisis, the COVID shock, and the recent inflation surge. From briefing policymakers to shaping conversations at the highest levels, he’s seen firsthand how the Fed responds when the stakes are highest. The conversation...
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  Strong Data, Weak Sentiment 26.04.2026 13мин

  Four months into the year, markets have been anything but quiet. Headlines around oil prices, geopolitics, and inflation anxiety continue to dominate the narrative, but beneath the noise, the data tells a very different story. In this episode, we break down why resilient economic data is quietly driving markets higher. From surging PMI readings to improving earnings breadth across small, mid, and large caps, the conversation highlights a major shift underway; this is no longer just a mega-cap...
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  Staying the Economic Course With Jake Oubina 19.04.2026 36мин

  In this episode, we welcome back Jake Oubina, Managing Director and Deputy Head of Economic Research at Piper Sandler, for a wide-ranging discussion on the macro outlook. Despite geopolitical tensions, rising oil prices, and shifting sentiment, Jake has remained anchored to a 3% real GDP growth view. Together, we explore key risks ahead, including potential tariff re-escalation, shifting immigration dynamics, and how policy decisions could shape the second half of the year. The big takeaway: ...
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  Q 2026: From Goldilocks To Oil Shock 02.04.2026 16мин

  In this episode, we sit down with Emily Needell to unpack a truly remarkable start to 2026, one that may go down as one of the most eventful quarters in recent memory. What began as a near “Goldilocks” environment, with improving economic data, falling rates, and long-awaited market broadening quickly evolved into something far more complex. We explore three defining themes of the quarter: the early-year macro strength that fueled optimism around a broader market rally, the sharp unwind in me...
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  Inflation Psychology And The Oil Shock 29.03.2026 15мин

  In this episode, we shift the focus from oil headlines to the force quietly driving everything underneath: interest rates. Four weeks into the Iran conflict, markets remain locked on energy, but as Michael explains, it’s the surge in rates that’s doing the real damage. With the 10-year yield climbing, mortgage rates rising, and rate cuts rapidly priced out, financial conditions are tightening fast. We break down the powerful link between oil and rates, why this supply-driven inflation shock i...
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  Jan Stuart On Why The One-Variable Market Could Become Much Bigger 16.03.2026 27мин

  In this episode, we sit down with Jan Stuart to unpack the escalating geopolitical crisis in the Middle East and why it could trigger a far broader global repricing across markets. Jan explains why the current disruption around the Strait of Hormuz is far more complex than an oil shock. While markets have largely treated the conflict as a one-variable story tied to crude prices, he argues the real risks lie deeper in global supply chains. We explore how disruptions could ripple through LNG ma...