Full Signal

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  Veteran Strategist: The AI stocks to buy as semiconductors MAKE HISTORY 17.09.2026 32分

  Nick Frasse is a product manager at VanEck, where he works on SMH, the largest US-listed semiconductor ETF with over $70 billion in assets. He joins Phil Rosen on Full Signal to discuss the most credible bear case for chips, why AI demand could make semiconductors less cyclical, the bottlenecks slowing the data center buildout, and why software companies with strong moats will likely hold up against AI.This episode is sponsored by Y'all Street Asset Management: https://www.yallstreetetfs.com/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS:0:00 - SMH and semiconductor demand1:16 - Bear case for chips5:27 - Semis collaborate, not compete10:16 - Are semis still cyclical?13:53 - SMHX and fabless chipmakers15:32 - Asset-light vs. asset-heavy16:59 - AI buildout bottlenecks19:49 - Data centers, robotics, and space21:25 - Grid-to-rack supply chain22:51 - Financing the AI buildout24:41 - Is AI killing software?27:44 - Hyperscalers turning asset-heavy29:21 - Robotics30:52 - Follow Nick and VanEck#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed
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  Wall Street Veteran: The best opportunities in the stock market right now 16.09.2026 37分

  Luke Kawa is a veteran financial writer and analyst, and the markets editor at Sherwood Media. He joins Phil Rosen on Full Signal to unpack whether the Magnificent 7 can lead again, why Apple has become the group's defensive hedge, the great de-rating in chip stocks, and where we actually are in the AI bubble.This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS:0:00 - Markets at crossroads3:12 - Can the Mag 7 lead?5:38 - Mag 7 vs. momentum8:34 - Apple as a defensive stock12:57 - Equal weight technicals14:27 - Industrials vs. US consumer17:32 - US vs. rest of world21:46 - The great de-rating in chips24:26 - Expensive stocks with slow growth27:04 - Why global growth keeps surprising30:37 - Where the opportunities are now34:19 - Are we in an AI bubble?36:28 - Follow Luke#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed
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  Top Investment Chief: 4 stocks WIN no matter what the Fed does 15.09.2026 34分

  Jay Hatfield is the CEO and chief investment officer at Infrastructure Capital Advisors, where he picks stocks and manages a suite of income-focused ETFs. He joins Phil Rosen on Full Signal to discuss his street-high 8,250 S&P 500 target, why he calls the Fed a fatally flawed institution, his highest-conviction stock picks, and his new covered-call strategy.This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS:0:00 - New S&P 500 target4:39 - What would break the bull case5:36 - Core inflation falling8:31 - Why Fed officials want hikes11:36 - Kevin Warsh herding the cats16:06 - Catalysts to fix the Fed20:32 - Marvell23:20 - Private credit stock pick26:07 - Capex debate29:01 - Lockheed Martin30:43 - Covered-call fund33:37 - Beating the NASDAQ#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed
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  Top Investment Chief: 3 sectors to BUY for the AI trade's next decade 11.09.2026 40分

  Andy Goldberg is the chief investment strategist at Nomura Asset Management International (https://nomuraassetmanagement.com/). He joins Phil Rosen on Full Signal to discuss the bull and bear case on the AI boom, whether hyperscaler debt and circular financing are red flags, the three sectors that benefit downstream from AI, and why he'd welcome a Fed rate hike.This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - AI early innings4:23 - Forward valuations8:00 - Bearish narratives10:24 - Hyperscalers turn to debt12:38 - Owning the AI trade through debt14:08 - Nvidia and circular financing18:30 - Cyber risks and data center backlash20:59 - Healthcare24:57 - Industrials27:47 - Financials32:49 - Rates and the broadening trade38:13 - How higher rates cap valuations39:52 - Find Andy's work#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed
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  Macro Strategist: Buy these stocks for the NEW Fed regime 10.09.2026 35分

  Eric Wallerstein is the chief macro strategist for Clocktower Group, and was previously an advisor to Stephen Miran at the Federal Reserve Board as well as at the White House Council of Economic Advisors. He joins Phil Rosen on Full Signal to discuss the central bank outlook, why he is bullish on the US economy, and three global trade ideas that Wall Street is ignoring right now.This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Why the Fed shouldn't hike1:47 - Why markets expect a hike4:47 - Hawkish dissenters8:14 - Warsh and Fed credibility10:02 - Reforming the Fed's balance sheet14:02 - Reading the bond selloff18:24 - Tariffs as fiscal impulse20:46 - France and the debt divergence23:21 - Why AI capex is bullish US24:23 - Stocks if the Fed holds27:19 - Japanese banks30:07 - Mexico33:39 - Defense stocks35:41 - Follow Eric#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed
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  Veteran Investor: AI will CRASH stocks but THIS PORTFOLIO SURVIVES 09.09.2026 39分

  Jared Dillian is a Wall Street veteran, the editor of the The Daily Dirtnap, and the author of the new book "The Awesome Portfolio." He joins Phil Rosen on Full Signal to discuss why he's bullish on bonds right now, his version of a perfect portfolio, why he's bearish on the AI trade, and how gold and bitcoin fit into a modern portfolio.This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Are we at the top?2:50 - Bullish on bonds6:10 - Treasury's bond buyback plan12:42 - The economy without AI15:29 - Parallels to the dot-com17:44 - Costco indicator20:21 - The Awesome Portfolio26:26 - Real estate27:56 - Gold30:41 - Cash32:17 - Performance in a crash38:00 - Where to find Jared#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed
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  Gen Z Investor: The AI economy is TRAPPING young investors 26.08.2026 37分

  Jack Raines is the author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." He joins Phil Rosen on Full Signal to discuss why young people should spend more and invest less, the pull of sports betting and prediction markets on Gen Z, how he turned $6,000 into $400,000 trading SPACs, and why housing costs sit underneath most of this generation's anxiety.This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS:0:00 - Invest less, spend more2:44 - Retirement vs. cheap thrills3:36 - Increase income, not savings5:49 - Can young people afford anything?8:33 - Sports betting11:30 - Prediction markets12:03 - Stage-specificity of life18:15 - Boring investing for Gen Z21:08 - Comparing yourself to outlier winners23:04 - Status games26:55 - Trading SPACs34:23 - Young Money
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  Veteran Strategist: The ETFs that WIN inside an AI portfolio 25.08.2026 24分

  Bilal Little is a global ETF strategist at Direxion and the host of the ETF Central podcast for the New York Stock Exchange. He joins Phil Rosen on Full Signal to discuss why the market is mispricing the cost of capital, how leveraged and inverse ETFs are actually meant to be traded, and where he sees the most compelling opportunities right now.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - What the market is mispricing2:24 - Macro data vs AI4:41 - Jobs data6:05 - Shift to thematic investing8:30 - Income ETFs11:48 - Leverage15:19 - Risk appetite 17:28 - Building portfolios20:54 - Most compelling opportunities23:03 - Follow Bilal
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  BlackRock Investment Chief: The stocks that WIN the next decade of AI 20.08.2026 34分

  Jay Jacobs is the US head of equity ETFs at BlackRock. He joins Phil Rosen on Full Signal to discuss the three layers of the AI trade, whether the data center buildout echoes the dot-com overbuild, the physical choke points that could throttle AI, and why healthcare may be the most overlooked way to own the theme.TIMESTAMPS:0:00 - Tech valuations declining2:00 - 3 layers of AI5:26 - Runway for the physical layer7:46 - Another dot-com overbuild?9:17 - Power constraint11:15 - Indium, an AI choke point14:52 -Risks in AI portfolios16:05 - Why thematic funds beat sectors19:25 - Defense stocks22:10 - Healthcare25:17 - Commodities26:25 - Robotics27:19 - Bitcoin at BlackRock30:58 - Highest-conviction themes32:57 - Why not financials?33:53 - Follow Jay
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  Macro Strategist: 7 stocks to BUY before the AI trade is OVER 19.08.2026 36分

  Jack Farley is the co-founder of Monetary Matters Network and he recently launched Farley Associated Research, an investment Substack with its own model portfolio. He joins Phil Rosen on Full Signal to discuss why the AI capex boom still has room to run, his highest-conviction semiconductor pick, the case for silver over gold, and the stocks he is shorting right now and his macro outlook through 2027.This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS:0:00 - Bull market's 5th year?3:30 - Hyperscaler capex5:04 - Free cash flow concerns6:47 - AI pricing power9:43 - Semiconductor pricing power11:59 - Favorite sectors14:02 - Lam Research18:13 - Could China crash memory?20:37 - Short ideas22:09 - Silver bull case26:11 - Macro risks27:55 - Jack's model portfolio28:54 - Texas Pacific Land30:28 - Sulfur stock idea32:24 - Korean memory stocks34:57 - Shorting Meta35:52 - Follow Jack#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed
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  Top Investment Chief: 3 sectors to BUY for the NEXT AI bull rally! 18.08.2026 36分

  Ryan Detrick is the chief market strategist at Carson Group, where he helps manage more than $8 billion and has kept the firm overweight equities for over three years. He joins Phil Rosen for the 100th episode of Full Signal to discuss his S&P 500 outlook, why banks are breaking out, the sectors he likes best, and the bearish signals no one else is watching.This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS:0:00 - S&P 500 outlook3:42 - Seasonality7:32 - Advance-decline line9:20 - Financials and banks11:54 - Cyclicals for the second half14:44 - Gold, bonds and managed futures16:25 - Industrials17:36 - Financials19:33 - Tech stocks21:48 - $1 trillion capex debate23:56 - Secular bull case24:47 - Europe and Japan27:03 - The bear case with the US dollar28:32 - Staples stocks falling31:43 - Fed outlook33:27 - 3 contrarian calls34:55 - Follow Ryan
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  Top Investment Chief: 7 stocks to BUY for the AI SUPERCYCLE 13.08.2026 34分

  Kenny Polcari is chief market strategist at SlateStone Wealth, an independent wealth advisor. He joins Phil Rosen on Full Signal to discuss why he thinks the AI cycle is still early, the risk of circular dealmaking, how the Iran conflict runs from oil to stock valuations, and the specific stocks he owns right now.This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Early innings of AI2:26 - Circular AI economy7:23 - $5 trillion ROI question8:22 - Iran, oil and inflation14:34 - What clients are worried about15:34 - September weakness17:59 - What would break the bull case18:52 - What pushes yields higher20:02 - Favorite sectors and names21:30 - Cybersecurity22:56 - JPMorgan26:10 - Microsoft28:55 - Verizon30:34 - ASML31:47 - NVDA33:28 - Follow Kenny#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed
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  ELITE Macro investor: How to invest as the AI BUBBLE POPS 12.08.2026 42分

  Bob Elliott is the CEO and chief investment officer of Unlimited Funds, where he deploys hedge fund strategies into low-cost ETFs. He also authors the Nonconsensus Substack. He joins Phil Rosen on Full Signal to discuss why AI earnings expectations are detached from macro reality, the gap between $5 trillion of capex and $150 billion of AI revenue, how households are propping up corporate margins, and where he sees value beyond the AI trade.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/TIMESTAMPS0:00 - Market as house of cards4:57 - Where is the AI productivity?6:26 - Wall Street's backwards math8:34 - $5 trillion capex10:54 - Why earnings still look strong13:31 - Circular deals15:32 - AI's real economy problem19:02 - Rotation out of tech21:03 - AI capex is 2% of GDP24:45 - Kalecki equation26:06 - Chip demand28:28 - Investing beyond AI31:59 - TIPS33:10 - Gold38:28 - Leverage40:16 - Unlimited's hedge fund ETFs#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed
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  Wall Street Insider: 3 stocks to buy that go BEYOND the AI trade! 11.08.2026 27分

  Josh Schafer is an investment writer for Barron's, where he writes the Searching for Signals newsletter on Substack. He joins Phil Rosen on Full Signal to discuss the historic run in S&P 500 earnings revisions, Alphabet and Amazon going free cash flow negative, risks to Meta, and a handful of his favorite under-the-radar stock picks.Subscribe to Josh Schafer's investing newsletter: https://searchingforsignals.substack.com/Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Historic earnings3:33 - Expectations too high?6:20 - Alphabet and Amazon burning cash11:08 - Rotation into hyperscalers12:00 - Meta looks bearish15:11 - Picking software stocks17:00 - Cybersecurity17:59 - SpaceX supplier stock20:09 - AI publishing and licensing stock21:31 - Movie theater comeback stock26:56 - Searching for Signals#podcast #investing #markets #macro #stocks #bitcoin #fed
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  Top Investment Chief: 2 sectors to BUY as the AI boom fails Wall Street! 06.08.2026 38分

  Steve Sosnick is the chief strategist at Interactive Brokers, where he has spent three decades since the firm's options market-making days. He joins Phil Rosen on Full Signal to discuss the liquidity drain lurking beneath record highs, whether the massive AI capex bet pays off, value stocks crushing growth, his favorite sectors right now, and what the VIX is signaling.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - New highs, new risks5:26 - Fundamentals vs. exuberance6:58 - Hyperscalers are back10:21 - Momentum, FOMO, and technicals13:10 - ROI on AI capex17:05 - AI ecosystem trade19:35 - Value vs. growth stocks24:06 - Healthcare and industrials27:57 - VIX isn't a fear gauge29:27 - Correlation and dispersion32:36 - Stock picker's market34:41 - Follow Steve#podcast #investing #markets #macro #stocks #bitcoin #fed
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  Veteran Investor: 6 Stocks to BUY NOW as Big Tech burns BILLIONS 04.08.2026 25分

  Lou Basenese is a veteran market strategist and the founder of The Big Skinny. He joins Phil Rosen on Full Signal to discuss Magnificent 7 free cash flow, why Amazon and Eli Lilly look compelling, under-the-radar biotech stock picks and a tactical trade on oil refiners.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Mag 7 free cash flow1:06 - Amazon fundamentals2:50 - Is Apple too expensive?4:33 - Biotech stock picks6:11 - Eli Lilly8:21 - Big Pharma's acquisition spree10:36 - Viking Therapeutics12:36 - GLP-1s go mainstream17:11 - Nvidia and Google18:06 - Coya Therapeutics20:17 - Refiner trade24:53 - Follow Lou[5:00 PM]#podcast #investing #tech #markets #macro #stocks #bitcoin #fed
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  Top Investment Strategist: 3 sectors BEAT the S&P 500 as the AI trade unwinds! 30.07.2026 36分

  Todd Sohn is the chief ETF strategist at Strategas Asset Management. He joins Phil Rosen to discuss the semiconductor bear market, his three favorite sectors in the market right now, the rise of leveraged products, and comparisons to dot-com bubble.Today's episode is sponsored by Direxion: https://shorturl.at/EBirr Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Semi sell off1:21 - Nobody throwing in the towel3:01 - Is this time different?4:14 - Leveraged ETFs10:20 - Beta vs. volatility12:10 - Equal weight beating cap weight13:30 - Low volatility ETFs16:49 - Why diversification matters again18:22 - Where we are in AI cycle20:14 - Trump as a wildcard22:06 - What stops dip buying?24:11 - Healthcare26:19 - Energy29:02 - Financials33:19 - Small caps35:57 - Follow Todd#podcast #investing #markets #macro #stocks #bitcoin #tech #fed
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  Anthony Pompliano: How to invest in the AI-bitcoin SUPERCYCLE 28.07.2026 23分

  Anthony Pompliano is the CEO of ProCap Financial, the public company behind the AI personal finance product CFO Silvia. He joins Phil Rosen on Full Signal to discuss the outlook for frontier AI models, Chinese open-source models, bitcoin as the pair trade to abundant intelligence, and running a company with a stock that's down 80%.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - AI fat model thesis2:34 - US vs. Chinese AI models5:24 - AI economics and costs7:17 - DeepSeek and the price war9:24 - Bitcoin as an AI play11:38 - Why AI is deflationary13:11 - Federal Reserve outlook14:36 - The impossible comeback20:02 - Specialized vs. general-purpose models22:27 - CFO Silvia#podcast #investing #markets #macro #stocks #bitcoin #fed
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  Veteran Investor: 3 sectors to buy BEFORE the MARKET CRASH 23.07.2026 42分

  Michael Gayed is a veteran portfolio manager who runs funds including the Free Markets ETF (FMKT), and is the founder of The Lead-Lag Report. He joins Phil Rosen on Full Signal to discuss why policymakers may crash stocks to save bonds, the Japan carry trade, where the real AI bubble is, and why small caps hold the key to what comes next.Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Crash stocks to save bonds4:34 - Japan carry trade7:02 - Oil, yen, and Japan risk12:05 - Fund positioning14:51 - AI driving unemployment17:29 - Capex and the AI bubble19:33 - Small caps 23:04 - Rate cut before hike23:52 - Lumber-to-gold ratio27:40 - Most credible bull case30:50 - Favorite sectors33:09 - Debunking Fear-Greed index35:59 - Semiconductor and memory trade37:16 - What we'll be wrong about38:49 - Eli Lilly and obesity drugs41:44 - Follow Michael#podcast #investing #markets #macro #stocks #bitcoin #fed
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  Top Investment Chief: How to WIN the AI trade this decade 22.07.2026 31分

  Sylvia Jablonski is the chief investment officer of Defiance ETFs. She joins Phil Rosen on Full Signal to discuss where capital is flowing in the AI trade, whether quantum computing is still too early to invest in, themes in defense investing, and how leveraged ETFs really work.Today's episode is sponsored by Direxion: https://shorturl.at/EBirr Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Hottest sectors to buy3:13 - Where capital is leaving4:51 - AI bubble debate6:45 - Can earnings beat expectations?7:45 - The next AI trade11:08 - Too early for quantum?16:22 - Defense investing18:10 - Highest-conviction theme19:52 - When themes run their course21:17 - Leveraged ETFs29:30 - Popping the bubble debate31:17 - Follow Sylvia#podcast #investing #markets #macro #stocks #bitcoin #fed