Hedgeye is an investment research and financial media company founded in 2008. Our core principles are transparency, accountability and trust. Hedgeye’s Real Conversations series, hosted by CEO Keith McCullough, brings together the brightest minds in the business to cut through the noise and discuss the financial market moves that actually matter.LEGALThe opinions expressed in Hedgeye Real Conversations are those of the individual speaking and not of Hedgeye, and should not be construed as specific investment advice.Hedgeye® is a registered trademark. All Hedegye Real Conversations are the intellectual property of Hedgeye. All rights reserved. For more information, and to subscribe, go to www.hedgeye.com.
Listen to episodes
60 recent
October 17, 202648 min
Hedgeye Investing Summit Fall 2026 | Jurrien Timmer, Director of Global Macro at Fidelity
***This episode originally aired live on Hedgeye.com on October 7, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Jurrien Timmer , Director of Global Macro at Fidelity, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
October 16, 202648 min
Hedgeye Investing Summit Fall 2026 | Dan Rasmussen, Founder & Portfolio Manager of Verdad
***This episode originally aired live on Hedgeye.com on October 7, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Dan Rasmussen , Founder & Portfolio Manager of Verdad, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
October 15, 202652 min
Hedgeye Investing Summit Fall 2026 | David McAlvany, CEO & Portfolio Manager of McAlvany Financials Group
***This episode originally aired live on Hedgeye.com on October 6, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between David McAlvany , CEO & Portfolio Manager of McAlvany Financials Group, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
October 14, 202648 min
Hedgeye Investing Summit Fall 2026 | Jim Bianco, President of Bianco Research
***This episode originally aired live on Hedgeye.com on October 6, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Jim Bianco , President of Bianco Research, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
October 13, 202652 min
Hedgeye Investing Summit Fall 2026 | Jim Rickards, NYT Bestselling Author
***This episode originally aired live on Hedgeye.com on October 6, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Jim Rickards , NYT Bestselling Author, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
October 2, 20261 hr 4 min
The Election Risks Markets Can’t Ignore | Protect the Pile Episode 28
Go to HedgeyeAM.com for more info. With the midterms just weeks away, the battle for Congress is getting tighter—and the market implications are growing. On the latest Protect the Pile, R. Patrick Kent, Sam Rahman and Brooks Cutright welcome Hedgeye Chief Political Strategist JT Taylor to break down the races, voter trends and policy risks that could shape Washington after Election Day. Taylor walks through the most competitive House and Senate contests, the growing importance of independent voters, and why he watches prediction markets alongside traditional polling. The conversation also tackles potential October surprises, Iran, energy prices, defense spending and what different election outcomes could mean for governing—and markets—in 2027. With control of Congress potentially coming down to a handful of races, this is a timely roadmap to what matters most over the final stretch. JT Taylor is Hedgeye’s Chief Political Strategist and Sector Head of Macro Policy, with prior experience as a congressional chief of staff, senior aide to Jack Kemp, President and CEO of Empower America, and an executive at the U.S. Chamber of Commerce. 00:00 – Midterms, Markets & the Stakes for Congress 02:25 – Why the House Map Is Moving Toward Democrats 07:45 – The Key House Races to Watch 16:30 – Can Democrats Really Flip the Senate? 21:00 – Ohio, Kansas, Texas & the Senate Wild Cards 26:15 – Could Fetterman Become the Senate’s Swing Vote? 31:00 – Trump’s Approval Rating & the 2006 Midterm Parallel 34:10 – October Surprises: Iran, Markets & Energy Prices 38:45 – Why Independent Voters Could Decide the Election 54:20 – What the Midterms Could Mean for Defense Spending Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
September 25, 20261 hr 1 min
The Cheap Money Era Is Over | Protect the Pile Episode 27
00:00 – Meet George Noble: Four Decades in the Markets 03:50 – How Markets Changed: From Fundamentals to Financialization 07:30 – The Hidden Problem With Private Equity & Private Credit 14:20 – What Rising Cost of Capital Could Break Next 16:40 – Why Insurance Could Be the Next Big Risk 20:00 – Gold, Deficits & the Coming Liquidity Problem 24:00 – Are “Uncorrelated” Assets Really Diversified? 29:20 – Bitcoin, Speculation & the Gambling Mentality 33:00 – Why Markets Eventually Punish Bad Policy 41:00 – Lessons From Peter Lynch & the Return of Fundamental Investing What happens when decades of cheap money collide with a rising cost of capital? On the latest Protect the Pile , R. Patrick Kent, Sam Rahman and Brooks Cutright welcome veteran investor George Noble for a wide-ranging conversation on private equity, private credit, AI, interest rates and where financial stress may be hiding beneath the surface. Noble argues that years of artificially cheap capital have distorted markets—and that the consequences may only now be starting to emerge. Noble brings more than four decades of investing experience, including managing Fidelity’s first international fund and later billion-dollar hedge funds. He is also the author and publisher of The Noble Report From AI financing and insurance risk to gold, speculation and lessons learned from Peter Lynch, this episode challenges some of today’s most popular market assumptions. Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
September 19, 20261 hr 1 min
Software vs. Semis: The Next Battle in AI | Protect the Pile Episode 26
Visit HedgeyeAM.com for more info 00:00 – A Strange Market Near All-Time Highs 05:20 – Market Rotation, Narrowing Breadth & Investor Positioning 07:30 – Why Oil Is Driving Everything Right Now 13:50 – When High Energy Prices Become Demand Destruction 17:30 – Software vs. Semiconductors: The Momentum Battle 23:10 – Can Software and Semis Rally Together? 28:10 – The AI Safety Narrative & Push for Regulation 34:00 – Are AI Expectations Getting Ahead of Reality? 39:20 – Meta, Apple & the Search for AI’s Killer App 49:00 – Deficits, Data Centers & the Coming Fight for Capital The market may be sitting near all-time highs, but underneath the surface, things are getting a lot more complicated. On the latest Protect the Pile, R. Patrick Kent and Sam Rahman dig into deteriorating market breadth, $100+ oil, rising borrowing costs and the growing strain higher energy prices could put on consumers and economic growth. They also break down the shifting battle between software and semiconductors, asking which parts of the AI trade can keep working as momentum changes. Then the conversation turns to the next phase of AI: regulation, real-world applications, Apple and Meta’s consumer advantage, and whether today’s massive data-center buildout is creating tomorrow’s winners—or simply repeating some familiar mistakes from the dot-com era. Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
September 15, 20261 hr 0 min
Ep. 143 Real Conversations | The AI Bubble and the Market Risks Ahead w/ Mike Taylor
**This episode originally aired live on Hedgeye.com on September 15, 2026*** Artificial Intelligence is the biggest story in markets. It’s also creating some of the biggest risks. Longtime Hedgeye Nation fan favorite and hedge fund manager Mike Taylor joins Hedgeye CEO Keith McCullough for a new Real Conversation . They’ll tackle the elephant in the room: the growing AI bubble and the various risks building beneath the surface. Expect a candid discussion on where the boom is most vulnerable, what investors may be underestimating and where the best risks and opportunities are taking shape. Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
September 4, 20261 hr 7 min
The AI Gold Rush Meets an Oil Shock | Protect the Pile Episode 25
Visit HedgeyeAM.com for more info 00:00 – Markets Return With Oil, Rates & Quad 2 in Focus 06:00 – The Weak Dollar Tug-of-War 12:30 – Midterms, Politics & the Coming Defense Spending Boom 15:00 – Iran, the Red Sea & the Growing Oil Supply Risk 23:00 – Why Modern Warfare Is Becoming More Expensive 28:30 – Can Policymakers Keep Markets Going Through the Midterms? 33:20 – Russia, Ukraine & a New Threat to Global Energy 38:00 – Could Higher Rates Break the AI Boom? 45:45 – The AI Price War: Who Actually Makes Money? 53:15 – AI Bubble or Next Internet? Finding the Real Winners What happens when rising oil prices, a weakening dollar, geopolitical escalation and an increasingly crowded AI boom all collide at once? In the latest Protect the Pile, R. Patrick Kent, Sam Rahman, Brooks Cutright and Neil Howe unpack a market being pulled in several directions at the same time. The panel debates whether tightening energy supplies and expanding global conflicts could reignite inflation and reshape the economic regime heading into the midterms. Then they turn to AI, where massive infrastructure spending, aggressive price competition and sky-high expectations are raising a harder question: even if AI changes everything, who actually makes the money? From OpenAI and Anthropic to Apple, Snowflake and Databricks, the group digs into where the real winners - and risks - may be hiding. Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
Is this your show?
Claim this listing to keep it up to date, reach guests who want to pitch you, and manage bookings with Guestify.
