Full Signal

Rhys Williams is the chief investment officer at Wayve Capital Management and has been in the markets since 1987, managing about $2 billion at the peak of the dot-com bubble. He joins Phil Rosen on Full Signal to discuss why today's AI boom isn't a repeat of 1999, the data center backlash, Anthropic's S-1, his barbell portfolio strategy, and his top stock picks for 2027.

This episode is sponsored by Y'all Street Asset Management: https://www.yallstreetetfs.com/

Full Signal is available on Apple Podcasts and Spotify 3 hours before YouTube:

🍎 Apple: https://podcasts.apple.com/us/podcast/full-signal/id1850620905
📢 Spotify: https://open.spotify.com/show/2CX5KAB0jdOTBNPVJOHN6D

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TIMESTAMPS:

0:00 - Another dot-com?
1:31 - Data center backlash
3:15 - Lessons from 1990s
7:01 - AI bear case
9:52 - Anthropic's S-1
11:12 - Barbell portfolio for 2027
12:09 - Undervalued stock picks
17:16 - Energy vs. AI
19:39 - Gas stocks and pipelines
23:16 - Consumer staples
27:14 - Astera Labs
30:13 - AI selloff
35:01 - Wayve Capital

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Jordi Visser is a veteran macro investor and the founder of 22V Research. He joins Phil Rosen on Full Signal to discuss how AI is driving rates and the broader macro picture, what Microsoft’s buyouts mean for labor and capital, his bullish case for Eli Lilly and Micron, and his investment outlook for the year ahead.Today's episode is sponsored by Direxion: https://www.direxion.com/product/daily-tsla-bull-and-bear-leveraged-single-stock-etfsFull Signal is available on Apple Podcasts and Spotify 3 hours before YouTube:🍎 Apple: https://podcasts.apple.com/us/podcast/full-signal/id1850620905📢 Spotify: https://open.spotify.com/show/2CX5KAB0jdOTBNPVJOHN6D📨 Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/phil-rosen-763601187/💸 Sign up for Silvia, your personal AI CFO that helps you manage your finances: https://silvia.com/?utm_source=opening_bell&utm_medium=partner&utm_campaign=phil_rosenTIMESTAMPS:0:00 - AI as macro
3:53 - Next year looks different
5:41 - SPVs and private credit
7:40 - Hyperscaler free cash flow
9:27 - Microsoft buyouts
13:25 - Corporate layoffs coming?
15:15 - Redistributing profits vs. UBI
17:19 - Where's the AI productivity data?
24:29 - Eli Lilly and longevity
29:28 - Micron
33:43 - Investing predictions
36:39 - Overweight crypto
39:40 - Follow Jordi#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Adam Parker is the founder of Trivariate Research and Trivector Research, and he was formerly the Chief US Equity Strategist and Director of Global Quantitative Research at Morgan Stanley. He joins Phil Rosen on Full Signal to unpack his favorite stocks and sectors for 2027, why he's still optimistic on semiconductors and memory, the thesis for healthcare, and more.

Today's episode is sponsored by Direxion: https://www.direxion.com/product/daily-tsla-bull-and-bear-leveraged-single-stock-etfs

Full Signal is available on Apple Podcasts and Spotify 3 hours before YouTube:

🍎 Apple: https://podcasts.apple.com/us/podcast/full-signal/id1850620905
📢 Spotify: https://open.spotify.com/show/2CX5KAB0jdOTBNPVJOHN6D

📨 Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe

Follow Phil on X: https://x.com/philrosenn
Follow Phil on LinkedIn: https://www.linkedin.com/in/phil-rosen-763601187/

💸 Sign up for Silvia, your personal AI CFO that helps you manage your finances: https://silvia.com/?utm_source=opening_bell&utm_medium=partner&utm_campaign=phil_rosen

TIMESTAMPS:

0:00 - AI cycle 1/3 done
3:28 - Micron
8:44 - Weakest part of AI trade
12:23 - Run more diversified
18:57 - Buy and hold is broken
22:10 - Expensive stocks and earnings
26:13 - Don't add to losers
29:42 - Healthcare
35:15 - Eli Lilly and GLP-1
38:22 - Semis, power and healthcare
40:30 - Oil stocks and AI power
41:39 - Post-midterm AI rally
42:59 - 2030s industrial revolution

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Eddie Ghabour is the co-founder and CEO of Key Advisors Wealth Management. He joins Phil Rosen on Full Signal to discuss his highest-conviction investment ideas for 2027, the Fed's policy error, the undervalued sectors Wall Street is ignoring, and the details of his tactical investing approach versus the typical buy-and-hold strategy.

This episode is sponsored by Bloomberg: http://bloomberg.com/equityindices

Full Signal is available on Apple Podcasts and Spotify 3 hours before YouTube:

🍎 Apple: https://podcasts.apple.com/us/podcast/full-signal/id1850620905
📢 Spotify: https://open.spotify.com/show/2CX5KAB0jdOTBNPVJOHN6D

📨 Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe

Follow Phil on X: https://x.com/philrosenn
Follow Phil on LinkedIn: https://www.linkedin.com/in/phil-rosen-763601187/

💸 Sign up for Silvia, your personal AI CFO that helps you manage your finances: https://silvia.com/?utm_source=opening_bell&utm_medium=partner&utm_campaign=phil_rosen

TIMESTAMPS:

0:00 - Rising rates
2:29 - AI capex and inflation
3:29 - Bond market leads
6:32 - Debt-financed AI risks
10:05 - Positioning in tech
13:38 - Cybersecurity
16:38 - Healthcare
19:14 - Consumer staples
19:54 - Contrarian housing call
23:31 - Utilities
26:05 - Tactical vs. buy-and-hold
30:37 - Gold
32:24 - Bitcoin
33:41 - Follow Eddie

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

Alexandra Wilson-Elizondo is the global head and co-chief investment officer of Multi-Asset Solutions at Goldman Sachs Asset Management. She joins Phil Rosen on Full Signal to discuss the next stage of the AI trade, debt financing in the AI buildout, whether today's AI boom resembles the dot-com bubble, opportunities in international markets, and what could outperform in 2027.

This episode is sponsored by Y'all Street Asset Management: https://www.yallstreetetfs.com/

📨 Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe

Follow Phil on X: https://x.com/philrosenn
Follow Phil on LinkedIn: https://www.linkedin.com/in/phil-rosen-763601187/

💸 Sign up for Silvia, your personal AI CFO that helps you manage your finances: https://silvia.com/?utm_source=opening_bell&utm_medium=partner&utm_campaign=phil_rosen

TIMESTAMPS:

0:00 - 4th stage of AI trade
3:51 - Is AI a bubble?
5:47 - GPU obsolescence risk
9:23 - Credit warning signs
10:34 - Best hedge against AI? 
11:32 - Pharma and utilities
16:30 - European financials
18:15 - Emerging markets
20:54 - Japan
24:37 - Longevity trade
29:31 - Back to fundamentals
31:10 - Goldman Sachs

#podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed