Hedgeye Podcasts

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 spe...

***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 enorm...

***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...

***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 flow...

***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 e...

***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...

***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 ev...

***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...

***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 th...

***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’r...

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 wal...

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 Diversifi...

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 & Pus...

**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 risk...

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...

**This episode originally aired live on Hedgeye.com on August, 26, 2026** Visit Hedgeye.com for more great investing content. Debt keeps climbing. The dollar keeps falling and losing purchasing power. Most portfolios still aren't built for what comes next. Join us for a new Real Conversation between Hedgeye CEO Keith McCullough and Rick Rule , CEO of Rule Investment Media, founder of Battle B...

On this episode of Protect the Pile, R. Patrick Kent, Sam Rahman, Brooks Cutright and their guest Jerry Jordan unpack a market increasingly driven by flows, leverage, momentum and corporate buybacks—and what that means for investors trying to separate underlying fundamentals from price action. They discuss the hidden weakness beneath top-heavy indices, record valuations and margins, and the danger...

On this episode of Protect the Pile, R. Patrick Kent, Sam Rahman, Brooks Cutright and David Salem reunite for a wide-ranging market roundtable built around David’s “five follies” framework. With U.S. markets near all-time highs and the domestic setup still broadly bullish, the group debates the risks investors may be underestimating beneath the surface. Topics include the Iran conflict, energy pos...

On Friday afternoon, after US equity markets closed, the United States government bought Japanese yen for the first time in twenty-eight years. And every explanation we've seen from the mainstream media looks like fish floundering.  So Hedgeye CEO Keith McCullough called the money doctor. Professor Steve Hanke of Johns Hopkins has spent forty years watching governments try to outsmart currenc...

Visit HedgeyeAM.com for more information 00:00 — Welcome to Protect the Pile 01:01 — Meet Nick Nemeth of Mispriced Assets 02:43 — 20 years in markets at 31: Nick's origin story 06:11 — The open letter to Secretary Bessent 11:43 — GFC flashback: no adults in the room 16:22 — "Loans are bad the day you write them" 20:41 — The AI CapEx problem: who actually builds the data centers? 30:...

Visit HedgeyeAM.com for more information 00:00 Welcome to Protect the Pile with Danielle DiMartino Booth 02:01 The Fed’s “Punched in the Mouth” Moment 04:34 Kevin Warsh, Fed Independence & the Next Market Test 06:12 Commercial Real Estate, Credit Risk & 2026–2027 Maturities 08:03 The Fed’s Ambiguous Mandate 10:21 Is the Fed Fighting the Wrong Inflation War? 14:29 Can Kevin Warsh Actually C...

***This webcast originally aired live on Hedgeye.com on July 22, 2026*** The age of frictionless globalization is over. Investors are now operating in a world where geopolitical conflict, national security policy, supply-chain control and technology leadership can move markets as much as earnings, rates or inflation.  For decades, investors benefited from a world shaped by globalization, open supp...

On this episode of Protect the Pile, R. Patrick Kent, Sam Rahman and Brooks Cutright break down a summer market that keeps defying the noise. With the S&P 500 up double digits, small caps suddenly outperforming and the Mag 7 barely positive on the year, the group debates whether the market’s leadership is truly broadening or just rotating through crowded trades.  They dig into early earnings s...

On this episode of Protect the Pile , R. Patrick Kent, John McNamara and Brooks Cutright sit down with Dan Rasmussen, Founder and Managing Partner of Verdad Advisers, for a sharp, skeptical look at private markets, Japan, small caps and the AI boom. Rasmussen explains why private equity may be less of a magic asset class and more like “levered microcaps” with delayed marks, inflated valuations and...

On this episode of Protect the Pile, R. Patrick Kent, Sam Rahman and David Salem sit down with Meb Faber, Co-Founder and CIO of Cambria Investment Management , for a wide-ranging conversation on America’s 250-year market story, the power of long-term equity ownership and the risks hiding beneath today’s bull market. Faber discusses his new book, Investing in America , and explains why the U.S. sto...