The Exchange

Risk off, Rate Reprieve and a new OpenAI Lawsuit 10/15/26

The AI trade is getting shellacked with a surprisingly positive twist; it’s lowering bond yields. We look at what that tells us about inflation, the economy, and the futu

Goldman Sachs CEO, The Debt Dilemma, and Open A-Spy? 10/14/26

An extended interview with Goldman Sachs CEO David Solomon on the heels of the bank’s results. Brookings’ Robin Brooks would be long gold and short the dollar, saying deb

the Exchange 10/13/26

Listen to the day's top stories, the must reads & a whole lot more for today's modern investor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for inform

The Bull Market Turns Four, Energy Headwinds, and Isaacson on AI Safety 10/12/26

On the fourth anniversary of the bull market, Bespoke’s Paul Hickey digs into the historical data for what comes next. Oil prices back on the rise after Houthis attack Sa

SpaceX’s Starlink Push, The Real Price of Oil, and the NBA’s Big Bet 10/9/26

The beaten down names that could benefit from SpaceX’s push deeper into the US telecom market. Energy Aspects’ Amrita Sen on how much oil actually costs. Plus, we’re live

Oil Spike, The Technical Take, and Oppormunities 10/8/26

Oil prices higher, despite President Trump asserting the U.S. will not attack Iran again before the midterms. Technician Katie Stockton sees new highs ahead for Nvidia. P

Bond Bull, Un-Freezing Housing, and Under-the-Radar AI Names 10/7/26

The Vice Chairman of Ariel Investments says investors are being adequately paid to hold bonds for the first time in seven years. Can policymakers fix the frozen housing m

Stocks at Record Highs, The Bullish Case for Bonds, and NYC’s AI Safety Push 10/6/26

What’s in store for the fourth quarter as the S&P and Nasdaq both hit record highs. Parametric’s Nisha Patel makes the case for adding duration risk, despite volatile rat

A New Normal, From Wall Street to Y’all Street, and “Net” Bets 10/5/26

Economist Stephanie Roth argues 5% rates aren’t restrictive. Why companies like Sunoco and Dillard’s have moved their listings to the Texas Stock Exchange. Plus, our trad

A Jobs Jolt, Mayer’s New Venture, and Can Nike Pick Up the “Pace”? 10/2/26

The economy added fewer jobs than expected in September--we have the first reaction from newly minted Labor Secretary Keith Sonderling, as well as what it means for the p

Under-the-Rader AI Plays, Housing Shift, and Sneaker Softness 10/1/26

Three beaten-down small cap AI names that are ripe for the picking, according to Federated Hermes’ Stephen Denichilo. Is real estate about to become a buyers’ market? Plu

The Federal Reserve: a Renovation Report, an Inflation Tracker, and a Tale of Espionage 9/30/26

Fresh this hour, the Federal Reserve’s independent watchdog finding no evidence of criminal wrongdoing or of administrative misconduct in its building renovations. The Fe

Inside Man: How Chinese Spies Used Lies, Romance and Betrayal to Target the Federal Reserve

One week after a friendly summit between Chinese President Xi Jinping and U.S. President Donald Trump, CNBC details an aggressive plot by China to infiltrate one of the U

OpenAI’s Dev Day and A Shift for College Sports? 9/29/26

All the news from OpenAI’s Developer Day as Sam Altman takes the stage. Plus, the Senate advances a bill that could re-shape the lucrative name, image, and likeness (NIL)

Nvidia’s Security Push, Consumer Conundrum, and the Diesel Divide 9/28/26

Nvidia launches an AI security platform to contain AI agents. Bank of America says the consumer spending is still growing, but buyers are getting choosier. Plus, why a di

Rate Hike Regret, Iran Negotiations, and Mortgage Mayhem 9/25/26

The so-called “Bond King of Texas” says the Fed made a mistake hiking rates. Stocks pop and oil prices sink on reports U.S.-Iran talks have entered the technical stage, b

Navigating Rising Rates and the Trump-Xi Summit 9/24/26

Long-term yields above 5% present a good deal of “shock value” to the markets, but are likely over-rated as a driver of the economy, according to CIO Group’s Steven Wieti

Yields Jump, A High-Stakes Visit, and Lefrak’s Real Estate Warning 9/23/26

Yields, and rate hike expectations, climb on strong manufacturing data. With President Trump pushing back on creating a global entity for AI oversight, will a visit from

Inspiring the AI Trade, Peloton Product Launch, and Muni Bonds to the Rescue? 9/22/26

Meta’s Muse is a hit with Main Street, but is the next phase of AI enough to keep the trade alive on Wall Street? Peloton launches a new suite of products. Plus, how muni

AI Stocks Rally, Meta’s Muse Moment, Nike’s Swoon 9/21/26

The Nasdaq is climbing 2% as semiconductors and tech stocks rally. Meta having its third-best month on record amid investor optimism about its Muse personal agent app. An