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Tag: technology

AI Stocks Can’t Lead the Market Much Longer. Invest Internationally InsteadPodcast episode coverart featuring Dan Rasmussen, Verdad Capital

AI Stocks Can’t Lead the Market Much Longer. Invest Internationally Instead

Published February 21, 2025

With Dan Rasmussen, Verdad Capital

Dan Rasmussen of Verdad Capital joins the podcast to discuss the dwindling prospects for AI stocks and why investors might want to look outside the US for better returns.

This podcast episode was released to premium subscribers on Monday, Feb. 17, 2025 without ads or announcements. For more information about premium membership options, visit our Substack.

Content Highlights

  • AI stocks have been on an incredible run, massively growing profits without much capital spending. That equation has changed… (1:51);
  • Tech companies are going from software businesses to manufacturing concerns — capital- and energy-intensive businesses that simply can’t produce the same growth as previous (6:03);
  • DeepSeek claims to be able to reduce the cost of AI applications. How does that factor in to the equation? (9:09);
  • So if the ‘Mag 7’ and AI stocks won’t drive the market higher, then what will? Where will growth come from? (12:16);
  • One place to start is to look for global diversification. Outside the US, stocks are meaningful cheaper… (15:24);
  • The guest’s book ‘The Humble Investor’ (21:37);
  • What can supply ‘edge’ in investing? There are some things. Legal ones… (27:10);
  • Background on the guest (33:02);
  • The guest is a historian by trade. What historical period is perhaps most comparable to the present day? Unfortunately, it looks an awful lot like ‘peak bubble’… (36:08);

More Information on the Guest

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Prepare for End of US Dollar Cycle, as Emerging Markets Rise (Szn 7, Epsd 2)Podcast episode cover art feat Rohit Goel, Breakout Capital

Prepare for End of US Dollar Cycle, as Emerging Markets Rise (Szn 7, Epsd 2)

Published February 13, 2025

With Rohit Goel, Breakout Capital

Rohit Goel of Breakout Capital joins the podcast to discuss his view that the boom in the US dollar (and in US dollar-denominated assets) will soon give way, to be replaced by a long-awaited bullish cycle in emerging markets.

This podcast episode was recorded Friday, Feb. 7 and released to premium subscribers the following business day. There are numerous other benefits to becoming a premium subscriber, which can be read on our Substack.

Content Highlights

  • Markets have grown accustomed to US dollar dominance and with it a surge in US assets, specifically stocks. That is due for a cyclical reversal (1:00);
  • There are three factors supporting US growth. One of them is almost certainly due to run its course (4:43);
  • The global economy revolves around the US consumer as driver of growth. But that too can change — and other markets are better equipped to pick up the slack on their own (9:26);
  • Despite all this, the US dollar should maintain its status as reserve currency. However, its dominance is waning (14:55);
  • Background on the guest (23:28);
  • Big tech stocks have worked very well for over a decade. But things are shifting to eat into their cashflows and there are reasons to believe too much optimism could be priced in… (26:07);
  • The trend is for growth to originate elsewhere than US tech… (30:28);
  • Discussion of frontier markets (35:33).

The guest requests listeners connect through LinkedIn.

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Bonds Poised for More Upside. Tech Stocks Too: Chad OlivierCover art feat Chad Olivier

Bonds Poised for More Upside. Tech Stocks Too: Chad Olivier

Published August 6, 2024

Chad Olivier of Baton Rouge, La.-based The Olivier Group joins the podcast to discuss his view of markets and why he is bullish about bonds and technology stocks.

This podcast episode was recorded July 30, 2024 and was made available to premium subscribers the following day — without ads or announcements. More information on premium subscriptions is available here.

Content Highlights

  • The view of the bond market has changed with the Fed (1:18)
  • The Olivier Group started adding bond exposure through ETFs in the first quarter and expects to add to it… (3:18);
  • The 10-year yield should drop to the 3% range “by this time next year” (4:43);
  • Small caps have recovered lately but the guest is less bullish there (9:31);
  • Technology stocks are much better positioned than in previous cycles (10:56);
  • Municipal bonds may also present an opportunity… (15:41);
  • Background on the guest (20:05);
  • Oil markets could present another opportunity, especially large cap, dividend-paying companies (23:58);
  • The political outlook and its impact on markets (25:51).

For more information on the guest visit the website OlivierGroup.com.

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