AMI Asset Management Investment Perspective

In this episode, the team discusses the shifting landscapefor consumer stocks as rising oil prices and a "K-shaped" economy pressure household budgets. They analyze historical data to predict which sectors—from DIY auto parts and home furnishings to resilient categories like cosmetics—are most at risk of a spending slowdown. The team also breaks down awave of potential transformational M...

In this episode, the team discusses a blockbuster week intechnology, highlighting key takeaways from NVIDIA’s GTC and the Optical Fiber Conference (OFC). They explore NVIDIA’s shift from individual chips to full-rack AI systems and the growing $1 trillion opportunity in Blackwell andRubin platforms through 2027. The team also breaks down Micron’s massive earnings beat, the ‘copper vs. optical’ int...

In this episode, the team discusses the wide-ranging economic ramifications of the conflict in Iran and the resulting supply crunch in the Strait of Hormuz, where oil flows have dropped from 20 million to just 1 million barrels daily. The team explores how this crisis extends far beyond the gas pump, detailing the impact on global fertilizer supplies, agricultural costs, and the refining of essent...

In this episode, the team discusses a range of market pressures, beginning with a shifting investor sentiment toward AI capital expenditure as massive spending plans from tech giants face new scrutiny over return on investment. The team breaks down the "consternations" currently impacting software companies and the private credit market, including how the rise of AI-driven coding and hig...

In this episode, the team discusses a volatile week in themarkets triggered by a viral, fictionalized report on a "2028 Global Intelligence Crisis" that fueled fears of a massive AI-driven deflationary collapse. The team explores the impact of these skittish investor sentiments on enterprise software and "friction businesses" like DoorDash and Uber, while also analyzing a serie...

In this episode, the team discusses the key takeaways fromthe 2026 Consumer Analyst Group of New York (CAGNY) conference, a pivotal event where industry leaders outlined their strategies for navigating a volatile retail environment. The team explores the implications of General Mills’surprising guidance cut and the broader struggle of branded staples to reclaim volume from value-seeking consumers...

In this episode, the team discusses the rise of "OpenClaw," a revolutionary open-source AI agent that marks a shift from simple chatbots to persistent, autonomous assistants with human-like memory. The team breaks down how this "Jarvis moment" is reshaping the tech landscape, triggering a massive scramble among major AI labs like OpenAI and Meta to capture the orchestration lay...

In this episode, the team discusses the recent surge incommodity prices and whether the global economy may be entering a new commodity super cycle driven by AI, electrification, and infrastructure spending. They explore tightening supply and rising demand in key metals such as copper and rare earth elements, highlighting the capital intensity, long development timelines, and growing geopolitical r...

In this episode, the team discusses the sudden resurgence ofconsumer staples, exploring why this traditionally "unloved" sector is seeing its highest relative strength since 1995. The team breaks down the defensive rotation away from volatile tech stocks, the temporary sales boost from Winter Storm Fern, and the impact of historic cocoa and tariff relief on companies like Hershey and McC...

In this episode, the team discusses a high-stakes week intech earnings, analyzing why strong financial results from companies like Microsoft, Apple, and SAP were met with a surprisingly brutal market reaction. The team explores the shifting investor narrative that now favors "picks and shovels" hardware providers like SanDisk over traditional enterprisesoftware, which is facing a valuati...

In this episode, the team discusses the growing concern that artificial intelligence tools like Anthropic’s "Cowork" could render traditional enterprise software models obsolete. The team explores the "build vs. buy" economic reality for businesses, using a Golden Gate Bridge analogy to illustrate why the hidden costs of software maintenance, security, and hosting often outweig...

In this episode, the team discusses the major takeaways fromtwo of the year’s most influential investor events: the J.P. Morgan Healthcare Conference and the ICR Consumer Conference. The team analyzes the shifting landscape of high-cap pharma M&A, the commercial launch of anti obesitypills from Novo Nordisk and Eli Lilly, and the rise of targeted "rifle shot" cancer treatments. Turni...

In this episode, the team discusses the massive geo political and economic implications of the recent U.S. military operation in Venezuela and the capture of Nicolás Maduro. The team analyzes how this shift impacts global oil reserves and heavy crude refining while identifying specific energy and service companies positioned to benefit from a potential infrastructure rebuild. They also explore the...

In this episode, the team discusses the groundbreaking $6billion nuclear fusion merger between Trump Media and TAE Technologies and the impact of geopolitical shifts, such as the potential Ukraine peace deal and Venezuelan blockades, on global oil prices. They analyze the resilience of the labor market through industrial earnings from companies like Cintas and examine a consumer landscape defined...

In this episode, the team discusses the Federal Reserve’srate cut and the subsequent injection of short-term liquidity, alongside the evolving dynamics of the AI trade where investors are shifting focus from pure infrastructure spending to companies demonstrating real returns on capital. This shift is evident in the pressure on tech firms with high capital expenditure and the strategic move by com...

In this episode, the team discusses recent economic data,including a weak ADP jobs number concentrated in small businesses and mixed signals from manufacturing and services Purchasing Managers' Indices. They analyze the high probability of a Federal Reserve rate cut next week, driven by soft economic indicators. The discussion also covers a massive Netflix acquisition of Warner Bros. Studios a...

In this episode, the team discusses a wave of newly releasedeconomic data following the government reopening, including a surprisingly strong September jobs report and historically weak consumer confidence readings. They explore what the lack of October inflation data means for theFed, how layoffs and falling oil prices fit into an increasingly uneven economic backdrop, and where early signs of se...

In this episode, the team discusses the latest market and economic developments, including partial disruptions in economic data following the recent government shutdown and the potential impact on GDP. They break down key moves in the tech sector, from data center execution risks to the ongoing AI infrastructure build-out, and examine how investor sentiment is shifting across high-growth stocks. T...

In this episode, the team discusses the latest market and economic developments, including the impacts of the longest government shutdown on airlines, consumer sentiment, and employment data. They explore healthcare news, particularly the evolving pricing and accessibility of anti-obesity medications and potential effects on the food industry. The conversation then shifts to the AI sector, coverin...

In this episode, the team discusses the Federal Reserve’s latest rate cut and Chair Powell’s cautious comments that tempered expectations for further easing. They examine the disconnect between official labor data and signs of corporate layoffs, before shifting to company updates, including strong results from Eli Lilly, Alphabet, Amazon, and Apple, all highlighting differing facets of AI-driven g...

In this episode, the team discusses the latest economic indicators, including softer-than-expected inflation data and declining consumer sentiment that continue to shape expectations for upcoming rate cuts. They also examine growing stress in regional banks tied to subprime auto lending and commercial real estate exposures. The conversation shifts to major developments in AI, with Google emerging...

In this episode, the team discusses the recent flare-up of banking and credit market stresses, highlighting several high-profile fraud cases across regional banks, private credit funds, and specialty lenders. They examine whether these incidents are isolated or indicative of broader systemic risks, particularly as high-yield private credit products become increasingly marketed to retail investors....

In this episode, the team discusses a relatively quiet week for economic data due to government closures, while Federal Reserve minutes reaffirm expectations for one to two rate cuts later this year. The conversation quickly shifts to geopolitical risks, particularly renewed trade tensions following China’s restriction of rare earth metal exports and President Trump’s public response, which rattle...

In this episode, the team discusses the week’s major economic and market developments, starting with the government shutdown and its impact on payroll and employment data. They review key economic indicators, including ADP and JOLTS reports, ISM manufacturing and services data, and implications for the labor market. The conversation also covers significant moves in healthcare, AI advancements from...