Podcast
Full Signal
Hosted by Phil Rosen · EN
Unpacking the highest-conviction investment ideas from the world's smartest investors.
Award-winning journalist and market strategist Phil Rosen hosts top portfolio managers, capital allocators and Wall Street executives to uncover how they think about markets, pick stocks, manage risk and generate investment ideas. Phil is the Chief Market Strategist at ProCap Financial and the co-founder & CEO of Opening Bell Media. His daily markets newsletter reaches more than 200,000 investors every morning.
66episodes
Episodes
Newest firstAll episodes
Veteran Investor: 3 sectors to buy BEFORE the MARKET CRASH
2d ago00:42:30Summary readyMichael 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
SummaryTop Investment Chief: How to WIN the AI trade this decade
3d ago00:31:39Summary readySylvia 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
SummaryTop Investment Strategist: These stocks WIN even if AI CRASHES!
4d ago00:40:22Summary readyJay Woods is the chief market strategist for Freedom Capital Markets and a CNBC contributor who has spent three decades on the floor of the New York Stock Exchange. He joins Phil Rosen on Full Signal to discuss whether the S&P 500 hits 7,000 or 8,000 first, why price momentum is fading despite blowout earnings, his favorite stocks across biotech and regional banks, and how his strategy for picking winning investments.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 - The S&P 500's next leg0:58 - Great earnings, weak momentum6:22 - A bubble in expectations7:13 - Rotation to boring stocks8:36 - Retire the Mag 712:26 - One tech stock to buy14:23 - Three biotech stock picks17:16 - How to pick stocks19:29 - Top-down sector analysis21:20 - Regional bank ideas24:55 - Insurance stocks29:39 - Summer seasonality32:12 - Are charts just astrology?34:45 - Selling access to Trump's posts39:05 - Follow Jay's work#podcast #investing #markets #macro #stocks #bitcoin #fed
SummaryMacro Strategist: 3 stocks to BUY as leverage hits the AI trade
1w ago00:44:56Summary readyJack Farley is a macro expert and the co-founder of the Monetary Matters Network. He joins Phil Rosen on Full Signal to discuss the semiconductor sell-off, the strongest bear case against AI, blowout bank earnings, the specific stocks he's buying right now, and how he'd allocate a $100,000 portfolio today.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 - Semiconductor bear market1:19 - Leverage unwinding the rally2:32 - Crowded AI trade4:13 - Broadcom, Marvell6:36 - Intel skepticism8:07 - Michael Burry's bear case10:44 - AI's subsidized economics12:40 - Tokenmaxxing15:05 - AI economics18:17 - Rotating into software19:19 - IBM's worst day ever23:13 - Blowout bank earnings25:34 - Stablecoins outlook27:36 - Lam Research32:16 - Texas Pacific Land34:51 - S&P Global37:08 - Building a $100,000 portfolio44:34 - Follow Jack#podcast #investing #markets #macro #stocks #bitcoin #fed
SummaryTop Quant: 2 stocks WIN as the AI boom accelerates
1w ago00:41:39Summary readyDr. Steve Hou is a veteran quantitative analyst and the head of research at Silicon Data. He joins Phil Rosen on Full Signal to discuss the economics driving the AI boom, compute markets, the pricing power across Nvidia, Anthropic and OpenAI, comparisons to dot-com, and specific stock picks for the next leg of the bull market.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 - Compute demand1:07 - Token expenditure index9:34 - Subsidized AI tokens11:10 - GPU rental rates15:02 - AI basic use cases17:26 - Who holds AI pricing power20:12 - Token economics and AI profits22:53 - Software stocks opportunity28:13 - Boring quality compounders33:08 - DeepSeek effect36:15 - Inside Silicon Data39:12 - Bubble or baby bubble?#podcast #investing #markets #macro #stocks #bitcoin #fed
SummaryTop Investment Strategist: 9 stocks to BEAT the S&P 500 in the AI boom!
2w ago00:38:20Summary readyJessica Inskip is the director of research for StockBrokers.com and a leading financial commentator. She joins Phil Rosen on Full Signal to discuss the AI CapEx boom and earnings outlook, the interconnectivity theme reshaping financial markets, specific stocks she likes right now, trading options for income, and how she would build a new portfolio from scratch todaySubscribe 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 - Earnings expectations2:59 - CapEx as recession signal7:36 - Earnings vs. bubble fears8:24 - Big Tech getting cheaper9:40 - 2-year note warnings12:21 - Contrarian bull case14:33 - ROI on $1 trillion Capex16:41 - Interconnectivity theme20:09 - Robinhood, Circle, Coinbase, ICE24:12 - Options for income27:15 - Oracle, Palantir, Micron28:42 - Building a new portfolio32:21 - Liquidity blind spot37:06 - Follow Jess#podcast #investing #markets #macro #stocks #bitcoin #fed
SummaryTop Investment Strategist: Wall Street is WRONG about AI stocks!
2w ago00:40:01Summary readyJulia Hermann is a global market strategist at New York Life Investments, where she helps shape the firm's multi-asset market outlook. She joins Phil Rosen on Full Signal to discuss her contrarian view on the Fed, the memory stock sell-off, parallels between the AI buildout and the dot-com era, and why financials look undervalued 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 - Geopolitics noise and signal2:31 - Fed outlook4:34 - Rate cut odds6:11 - Memory stocks in bear market9:07 - Diversification and quality12:08 - The narrowing path for markets15:12 - US vs. world17:35 - Japan carry trade20:58 - Sell America23:58 - Dot-com parallels29:15 - Infrastructure boom framework34:30 - Bullish financials37:16 - What consensus gets wrong39:17 - Julia's research#podcast #investing #markets #macro #stocks #bitcoin #fed
SummaryMike Green: AI is fueling another 1987 market CRASH!
2w ago00:43:29Summary readyMichael Green is the chief strategist and portfolio manager at Simplify Asset Management, and authors the Substack called "Yes I give a Fig." He joins Phil Rosen on Full Signal to discuss hidden risks of the AI boom, how passive investing is bidding up the AI bubble, why he's bullish on new technology but cautious on its impact for investors, and more.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 - Caution on AI bull market2:57 - AI's real value5:38 - Nvidia's vendor financing7:47 - The China threat9:39 - Should investors sit out?11:29 - Passive investing risks13:17 - Are stocks actually cheap?15:57 - 1987 crash parallels19:17 - Are markets broken?24:08 - Passive flows and leverage26:10 - Can regulators step in?28:21 - Building a new portfolio today32:09 - Inflation vs. deflation36:35 - American economic opportunity42:32 - Mike's new book#podcast #investing #markets #macro #stocks #bitcoin #fed
SummaryVeteran Investor: 3 stocks Wall Street is IGNORING
3w ago00:22:02Summary readyLou Basenese is a veteran market strategist and the founder of The Big Skinny. He joins Phil Rosen on Full Signal to discuss 3 under-the-radar stock picks, buying the dip on chip stocks, and his process for finding biotech and AI investment ideas.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 - Buying the dip on chips2:47 - The AI bear case4:43 - Trimming profits5:29 - Crowded trades6:30 - TeraWulf $WULF10:59 - Navan $NAVN12:57 - Gain Therapeutics $GANX15:19 - Biotech acquisition targets17:35 - How to find obscure stocks20:31 - Position sizing21:44 - Follow Lou#podcast #investing #markets #macro #stocks #bitcoin #fed
SummaryAnthony Scaramucci: The AI Market Crash Will Be RUTHLESS
3w ago00:24:38Summary readyAnthony Scaramucci is the founder and managing partner of SkyBridge Capital, and he has invested across markets for four decades. He joins Phil Rosen on Full Signal to discuss the potential government stake in OpenAI, how big the AI bubble could get, bitcoin's 50% drawdown, and how he would build a $1 million portfolio from scratch.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 - Government stake in OpenAI2:46 - Anti-AI sentiment6:02 - Is AI a bubble?7:20 - Building a $1 million portfolio9:30 - "Sell America" trade11:52 - Trump's crypto profits14:00 - Bitcoin down 50%17:24 - The bear case for Bitcoin19:23 - Shifting high-conviction views21:36 - Admitting mistakes22:57 - Career advice for AI era
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