Loading summary
Transcript12 lines
- [00:00]
Host 1
Today's episode is sponsored by Smart Travel, a new podcast from NerdWallet. Smart travel doesn't just cover points and miles. They break down all the financial aspects of your trip, whether that's the best days to book, how to avoid hidden fees, or which fancy travel credit cards pay off and which ones are just an expensive flex. If you want your travel budget to work harder, then dive into the best deals, products, services and more with Smart Travel from NerdWallet. Wherever you get your podcasts, this podcast.
- [00:29]
Host 2
Is sponsored by Ramp. Look, there's feelings and then there's the facts. If you're feeling like your finance team is bogged down in mundane manual tasks, the fact is you need Ramp. Ramp is the corporate card that makes the expense process fast and easy the moment your team makes a purchase. Ramp handles everything. Receipt, collection and approvals, the works. With Ramp, you can cut your month end close from five days to one, customize approval workflows and get complete control over every transaction. Facts Over 25,000 businesses trust Ramp, including Shopify and the Boys and Girls Club of America, which is why they were just named number one in spent management by G2. Facts. Start using ramp and you'll have more time to spend scaling your business and that'll feel really good. Upgrade to Ramp for free today and get $250@ramp.com that's ramp.com r a m p.com cards issued by Sutton bank members. FDIC terms and conditions apply.
- [01:27]
Analyst 1
Bank of America just put an advisory to short the S P500 stating a global shift away from US equities. So and then we looked at the bond degrading of credit ratings when it comes to the bond market and there's been a lot of talk of that. So is the era of USA exceptionalism over and how will that of impact the future of the stock market?
- [01:57]
Analyst 2
Exceptionalism? Maybe for the country or our credit rating the equity side? No, like one of our best companies hasn't even went public yet. Like even though I'm not the biggest fan of Palantir, Palantir is kicking ass too. So you have open AI Palantir, Anderil. That's a big three. That's like three LeBron's that we got. It's not even IPO'd yet. While Nvidia is going to pick up the bag in Saudi Arabia and they got approved for the non Blackwell derivative to go to China. I love everyone at bank of America. Shout out to everyone in Charlotte, shorting the bond market would be a better move. I Think shorting US equities, that's one of the few assets that we have that are still going in our favor is a tremendous mistake. And I think they may have put out this advisory a little bit around the April drought, which is a great. Well, it's a great lesson in not making emotional decisions in a momentary drop. Because if I told you, hey, in a year or a year and a half, the company that is altering technology in Silicon Valley is going public, why would I want to short that market it to me it makes no sense. So no, I would not short the market at this time or anytime in the future, especially with the like Microsoft, Open AI, Nvidia. Elon even made a declaration. I'm going back to sleeping in the conference rooms now. When he listen, I want to be clear. When he's focused and off the other stuff and he's in the conference room and sleeping next to the server. Elon's a different entrepreneur. I would not want to bet against that man. So whether he had to talk with the little baby mamas, hey, I'm locked in the next hundred days, fellas. You gotta have a talk once in a while. It's hard to bet against Tesla until then. Another great company, Starlink, is publicly traded. I would not want to go against that and go against the trend of betting against us.
- [04:04]
Analyst 3
I'm, I'm glad you said that. I 100 agree with you. I almost thought like, is he ain't going. I'm glad you did that because when it comes to innovation, especially in the equities market, I mean the leader is clear. We can see it from Nvidia, we can see it from Microsoft. I'm glad you brought up open AI and what they're going to be doing and now in consumer tech, which is going to be a huge, huge market for them and going to cripple a couple other companies that we might mention later on tonight. But yeah, I mean you got to throw Meta in, in that, that conversation obviously from, from a data standpoint, but also from other, a broadband standpoint and what they're doing in terms of technology. We talked about the W project a few months ago, but you don't want to forget that, right? When what Starlink is doing in the air, you know, Meta is doing underground underneath the water. So innovation is still there. Palantir, you talked about biotech is still, is, is a space that we're innovating in. I would not, I would not. Again, history shows us what United States equities market will do over the course of time. Definitely. I would not be shorting it.
- [05:12]
Analyst 2
Yes. And even with the debt being at a record high, we have to look at some of these countries, like kingdoms. I don't think it's fair to just say that they're companies inside. Like they're. The revenue that they're making is higher than the GDP of some countries. Like major countries.
- [05:27]
Analyst 3
Major. Yeah.
- [05:28]
Analyst 2
So, like even you talking about the W project that was used to be reserved for hedge funds. Meta is the hedge fund. If you un. Own all the. The cable. So for all the connectivities, that's a huge asset to have for sure. So no. 0.
- [05:49]
Analyst 3
And then on top of that, to add to it, if you look at the connectivity of that, look at where it's located. Right. It's running from North America, going around the coast of South Africa, and then it's going through India too. So that's a key component to infrastructure, especially from the AI standpoint, where data centers will be put internationally. What's the connectivity to them? You got to watch those key steps and start putting the dots together.
- [06:15]
Analyst 1
Yeah, for sure. For sure.
- [06:18]
Host 1
Today's episode is sponsored by Smart Travel, a new podcast from NerdWallet. Smart travel doesn't just cover points and miles. They break down all the financial aspects of your trip, whether that's the best days to book, how to avoid hidden fees, or which fancy travel credit cards pay off and which ones are just an expensive flex. If you want your travel budget to work harder, then dive into the best deals, products, services and more with Smart Travel from NerdWallet. Wherever you get your podcasts, you can't.
- [06:47]
Advertiser
Rely on blind faith to get the pregnancy support you deserve. Ritual's Essential Prenatal Multivitamin is the only leading prenatal backed by its own human clinical trial. Essential Prenatal is proven to deliver key nutrients, including folate, biotin and vitamin D during pregnancy. Get 25% off when you visit ritual.com clinical these statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure or prevent any disease.