Hedgeye Podcasts

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616

Latest episode

Oct 2026

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About the show

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.

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60 recent

November 7, 202659 min

Why the Post-Election Trade Unraveled | Protect the Pile Episode 31

Go to HedgeyeAM.com for more. Get Hedgeye's Cyber November deals → https://app.hedgeye.com/su/Cyber2026 00:00 – Post-Election Markets: What Just Happened? 04:05 – Navigating a Market That Swings From Hero to Zero 07:25 – How Positioning Fueled the Post-Election Whipsaw 11:30 – Is Market Structure Starting to Break Down? 15:00 – The Leverage Problem Hiding Beneath the Market 17:25 – Did the Election Really Break the AI Trade? 23:10 – Why Slowing the Data Center Boom Could Be Healthy 29:45 – AI’s Real Test: Turning Growth Into Profits 37:20 – Anthropic, AI Competition & the Race to Monetize 45:20 – Iran, Oil & the Market’s Next Binary Risk Markets got whipsawed this week – and the real story may be bigger than the election itself. On the latest Protect the Pile, R. Patrick Kent, Sam Rahman and John McNamara break down a brutal stretch of post-election trading, where positioning, leverage and market structure amplified already violent moves. The group digs into why crowded systematic strategies can become unstable when correlations break, how leverage has migrated across the market, and why forced liquidations may be driving more of the action than investors realize. They also tackle the next phase of the AI trade: slowing data-center buildouts, financing risk, Anthropic’s business model, and where value may – or may not – accrue as AI moves from hype toward actual monetization. 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 31, 202652 min

What Election Night Means for Markets | Protect the Pile Episode 30 w/ JT Taylor

Go to HedgeyeAM.com for more 00:00 – Midterms, Markets & the Final Election Setup 04:50 – The Senate Races That Could Decide Control 11:30 – Could Iowa, Kansas & Texas Surprise Everyone? 18:35 – When Will We Actually Know the Election Results? 22:20 – The House Map Shifts Toward Democrats 27:45 – How the Election Could Reshape the AI & Data Center Boom 30:25 – Why Data Centers Became a Political Battleground 35:00 – Governors, AI Regulation & the Fight Moving to the States 37:00 – The Lame-Duck Playbook: Defense, Spending & Shutdown Risk 43:10 – Could a Democratic Wave Defang Trump in 2027? With Election Day just days away, the 2026 midterm map is still moving—and the consequences could extend well beyond Washington. On the latest Protect the Pile, R. Patrick Kent, Sam Rahman and John McNamara welcome back Hedgeye Chief Political Strategist JT Taylor for a final pre-election breakdown of the races that matter most. JT walks through the Senate and House battlegrounds, why Ohio, Texas, Maine, Kansas and Iowa could surprise, and whether Republican spending arrived too late to change the trajectory. The discussion also turns to what happens after Election Day: data-center policy, AI regulation, defense spending, a possible lame-duck scramble in Congress—and why a Democratic wave could dramatically alter Trump’s leverage in Washington. 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. 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 24, 202656 min

Nvidia, Memory & the Next Phase of the AI Trade | Protect the Pile Episode 29 w/ Felix Wang

Go to HedgeyeAM.com for more info Is the AI trade still in its early innings—or is the market starting to discover where the real limits are? On the latest Protect the Pile, R. Patrick Kent sits down with Hedgeye Global Technology analyst Felix Wang to dig into the next phase of the AI boom. Felix explains why hyperscaler CapEx is still the key headline indicator, but argues that enterprise AI spending, model pricing and access to capital are becoming just as important. The conversation moves from Anthropic and OpenAI to Nvidia, memory, Chinese competition and the increasingly fragile economics of “neo-cloud” data-center companies. The big question: what happens if AI demand keeps growing—but not fast enough to justify the massive spending and valuations already built into the trade? Felix Wang, CFA is a Partner, Managing Director and Global Technology Sector Head at Hedgeye, with more than 16 years of experience covering China and global TMT; he is a Wharton graduate and CFA charterholder whose work has appeared across Bloomberg, Barron’s, CNBC and other major financial outlets. 00:00 – Is the AI Trade Starting to Change? 02:50 – The Key AI Indicator Felix Is Watching 06:30 – Enterprise AI Spending vs. Token Growth 09:30 – The Explosion of AI Models & the Price War 13:00 – Are Today’s AI Models Already “Good Enough”? 16:00 – Anthropic, OpenAI & the IPO Problem 23:30 – Memory Stocks: Why the Supercycle Could Break 33:30 – Nvidia, Vera Rubin & the Next Supply-Chain Risk 38:00 – Why AI Financing Is Becoming a Bigger Problem 44:00 – Neo-Clouds, Hyperscalers & Who Gets Hurt First 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 21, 202655 min

Hedgeye Investing Summit Fall 2026 | Hedgeye Asset Management Portfolio Managers R. Patrick Kent & Sam Rahman and HAM CIO John McNamara

***This episode originally aired live on Hedgeye.com on October8, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Hedgeye Asset Management Portfolio Managers R. Patrick Kent & Sam Rahman and HAM CIO John McNamara 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 20, 202649 min

Hedgeye Investing Summit Fall 2026 | Leyla Kunimoto, Founder & Chief Editor of Accredited Investor Insights

***This episode originally aired live on Hedgeye.com on October8, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Leyla Kunimoto , Founder & Chief Editor of Accredited Investor Insights 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 19, 202648 min

Hedgeye Investing Summit Fall 2026 | Danielle DiMartino Booth, Founder, CEO & Chief Strategist of QI Research

***This episode originally aired live on Hedgeye.com on October8, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Danielle DiMartino Booth , Founder, CEO & Chief Strategist of QI 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 18, 202653 min

Hedgeye Investing Summit Fall 2026 | Dave Collum, Professor of Chemistry at Cornell University

***This episode originally aired live on Hedgeye.com on October 7, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Dave Collum , Professor of Chemistry at Cornell University, 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 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.