AMI Asset Management Investment Perspective

In this episode, the team discusses the significant repricing that has taken place across the bond market in 2026 and the forces driving yields higher. The team examines the Federal Reserve’s renewed focus on inflation, the different pressures affecting the short and long ends of the yield curve, and how government borrowing and growing corporate debt issuance are influencing supply and demand. Th...

In this episode, the team discusses the growing debate over whether the development of advanced AI should slow down and what that could mean for investors. The team examines recent calls for stronger safety measures, the practical challenges of coordinating an AI slowdown, and the important distinction between training new models and deploying the models that already exist. The discussion also exp...

In this episode, the team discusses the latest signals on the health of the U.S. consumer as spending data, sentiment, and company commentary continue to paint a mixed picture. The team examines rising inflation concerns, competitive pressures across retail and consumer staples, and how higher gas prices could influence spending heading into the end of the year. The discussion also explores how AI...

In this episode, the team discusses the recent rise in Treasury yields and the combination of forces putting upward pressure on interest rates. The team examines U.S. deficit spending, inflation and energy prices, Federal Reserve policy, global debt markets, and the growing supply of corporate debt tied to the AI infrastructure buildout. The discussion also explores how higher yields affect both f...

In this episode, the team discusses the increasingly mixed picture of the U.S. consumer as retail sales, confidence data, credit card spending, and recent retailer earnings send conflicting signals. The team examines signs of greater price sensitivity and trade-down behavior alongside areas where spending remains resilient, including back-to-school activity and select retail categories. The discus...

In this episode, the team discusses how the rapid expansion of data centers is reshaping electricity demand, utility infrastructure spending, and the cost of power for consumers. The team examines the growing debate over who should pay for new generation and grid infrastructure, along with the regulatory and political response emerging across several states. The discussion explores how technology...

In this episode, the team discusses the July employment report and the signs of weakening beneath the headline unemployment rate. The team examines declining labor force participation, the shift from full-time to part-time employment, the rise in multiple job holders, and why the current environment increasingly resembles a low-hiring, low-firing labor market. The discussion also explores the chal...

In this episode, the team discusses the sharp reversal in AI infrastructure stocks, the role of crowded positioning and leverage, and why strong company results initially failed to support share prices. The team examines how forced selling across U.S. and South Korean markets distorted price signals, even as demand, backlogs, and cloud growth remained strong. The conversation also explores whether...

In this episode, the team discusses the emerging gray market for medical peptides, highlighting popular compounds like BPC-157, GLP-1 alternatives, and next-generation weight-loss therapies like retatrutide. They unpack the ongoing FDA Pharmacy Compounding Advisory Committee meeting, evaluating the regulatory push-and-pull around allowing 503A compounding pharmacies to produce these compounds safe...

In this episode, the team discusses the transition of the artificial intelligence trade into the "discernment phase," analyzing a volatile week where record-breaking hardware earnings met a massive tech sell-off. The team unpacks how historic pre-announcements from legacy giants are revealing a reallocation of corporate IT budgets away from software and into crucial hardware, physical gr...

In this episode, the team discusses the shifting state ofthe American consumer as major companies report mixed results heading into the critical back-to-school shopping season. The team analyzes corporate updates from brands like Nike and Pepsi, highlighting a worrying trend where recent price cuts have failed to stimulate positive consumer traffic or volume growth. They unpack how elevated gas pr...

In this episode, the team discusses how the rapid build-out of artificial intelligence infrastructure is hitting its first major financial constraints, driven primarily by a massive structural shortage and skyrocketing costs in the memory chip market. The team explores how these rising input costs are trickling down to consumers through hardware price hikes from tech giants like Apple and Microsof...

In this episode, the team discusses the signing of a breakthrough 14-point interim agreement between the U.S. and Iran, aimed at ending Iran's nuclear program and normalizing trade in a critical energy region. They unpack the immediate, divergent reactions across commodities, where oil prices slumped on potential surplus expectations while Texas natural gas prices finally surged back into posi...

In this episode, the team discusses the kickoff of the historic 2026 World Cup in North America, analyzing its massive $13 billion revenue projection and $10 billion advertising splash against surprising domestic apathy and low brand engagement. They break down the tournament's potential investment catalysts across retail, dining, and hospitality, detailing the near-term wholesale boosts for s...

In this episode, the team discusses a pivotal week in the technology sector where a new market regime has emerged, punishing record-breaking corporate earnings whenever they fail to surpass vertical expectations. They break down the massive hardware shifts coming out of Computex, including NVIDIA’s next-gen Vera Rubin platform, its tactical push into ARM-based AI PCs, and the massive valuation rip...

In this episode, the team discusses the macro forces driving the markets to all-time highs, examining the persistent debate around an AI tech bubble versus the sector's robust profitability. They explore a recent revival in software stocks, looming liquidity tests from upcoming high-profile tech IPOs, and imminent pricing and usage limit shifts for large language models. The team also breaks d...

In this episode, the team discusses a critical week of market-moving earnings across both the retail sector and the tech industry, anchored by a deeply insightful analysis of a massive report from NVIDIA. They break down a stark disconnect in the retail space, where consumer sentiment has sunk to historic lows but companies like Target, Walmart, and off-price leaders are managing to deliver highly...

In this episode, the team discusses the rapid evolution ofthe anti-obesity medication market, tracing the history of GLP-1s from their origins in Gila monster saliva to the current dominance of brands like Ozempic and Mounjaro. They analyze the shifting landscape of drug delivery, includingthe rise of oral alternatives and upcoming "triple-action"medications that aim to balance higher ef...

In this episode, the team discusses the emerging "cracks" in the consumer economy as persistent inflation and a spike in gas prices begin to drive significant demand destruction. They analyze a "tale of two days" in earnings reports, where early optimism for a K-shaped recovery was met with sobering updates from value leaders like McDonald's and Planet Fitness, suggesting t...

In this episode, the team discusses a revealing week in thetech sector, marked by record-breaking rallies in the semiconductor market and shifting narratives within the AI trade. They analyze how the emergence of agentic AI is structurally accelerating CPU demand, providing a secondarygrowth leg for players like AMD and Intel alongside the dominant GPU market. The team also explores the strategic...

In this episode, the team discusses a pivotal week in techwhere AI capital expenditure transitioned from speculative to factual, with major hyperscalers now projected to spend over $725 billion on infrastructure in 2026. The team analyzes a widening performance gap among the "Big Four," highlighting Google’s massive 63% cloud growth and Amazon’s re-accelerating AWS revenue as clear succe...

In this episode, the team discusses a stark "divergence" in the tech market, where AI hardware giants like Intel and Texas Instruments are surging while software stalwarts face a brutal repricing over terminal value concerns. The team breaks down how the AI bottleneck is shifting from GPUs to CPUs and analog components, alongside major strategic moves like Amazon’s $11.5 billion acquisit...

In this episode, the team discusses the major marketreaction to news that Iran is allowing ships to pass through the Strait of Hormuz, causing oil prices to plummet by over 10%. Despite a stock market rally toward all-time highs, the team examines a "bifurcated" K-shaped economy where falling consumer confidence, downward job revisions, and housing market friction suggest a more fragile...

In this episode, the team discusses the massive shift in thetech landscape following Anthropic’s release of Claude Mythos and Managed Agents, which have sparked a high-stakes debate over the future of software moats. They break down the ‘Glasswing Project,’ a defensive coalition of techgiants like Apple and NVIDIA formed to patch thousands of zero-day vulnerabilities discovered by this new frontie...

In this episode, the team discusses a volatile start toApril, breaking down the dramatic 25% sell-off in memory stocks like Micron following Google’s breakthrough ‘TurboQuant’ research. The team explores the deepening supply chain crisis in the Middle East, where damage to Qatari helium facilities and the closure of the Strait of Hormuz threaten global semiconductor manufacturing and could push Br...