Jordi Visser is a macro investor with over 30 years of Wall Street experience. He also writes a Substack called “VisserLabs” and puts out investing YouTube videos. In this conversation we talk about Jerome Powell’s recent comments, why PMI is important, why bitcoin isn’t going up, AI bubble, MAG7 getting cheaper, and where Jordi sees risk right now.

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TimeStamps:

0:00 - Intro
1:54 - What’s going on with the Fed?
6:01 - How to measure inflation with AI boom
16:41 - How accurate is the job data?
20:02 - PMI and why it’s important
28:53 - Why isn’t bitcoin going up?
31:33 - Why MAG7 has become cheaper
33:46 - Feedback on Powell comments
36:12 - OpenDoor is embracing AI
38:33 - Where is risk right now?
41:31 - Should Powell cut 50 bps?