Capital Call: with The Millegan Brothers

Capital Call #16: Chip Tariffs at 100%? Hold My Foundry. After the July jobs miss and giant BLS revisions, we dig into how fast-moving tariffs are warping prices, margins, and small-biz decisions—and why narrow leadership isn’t “the market.” We debate politicians trading, timing tops (don’t), and when technicals help vs. hurt.  Stocks: FreightCar America (RAIL), railcar demand, and why micro/mid l...

The Millegan brothers are back and caffeinated—because nothing says “financial insight” like Celsius-fueled rants about Japanese mini trucks and tariff math that would make an IRS auditor throw their 10-key out the window. We cover everything from Powell’s hostage tour of the Fed building to why Kohl’s is apparently the new GameStop (but with real estate and fewer Reddit jokes). We unpack why smal...

In this episode of The Capital Call, we unpack the fallout from the “Big & Beautiful Bill”: surprise taxes on gambling, tips, and a deficit-busting combo of corporate cuts and entitlement trims. We break down the return of Trump-era tariffs, copper duties, and the strange case of disappearing cable lines. Nvidia hits a $4 trillion valuation, sparking a comparison to entire national economies,...

In Episode 13 of The Capital Call , Quinn and Drew dig into a market-moving mix of index reshuffles, trade spats, and monetary lunacy . First up: the Russell 2000 reconstitution , where 28 new names are getting added and billions in capital are about to blindly shift—all because someone updated a spreadsheet. Then it’s on to Canada’s new digital services tax , which has Trump furious because, let’...

David Deming, Pegasus Equestrian Director, joins the Millegan Brothers to discuss why the market’s at all-time highs despite war drums in Iran, sticky tariffs, and the Fed doing literally nothing. We unpack why interest rates aren’t going down anytime soon, how Turkey accidentally became a macroeconomics horror story, and whether oil at $130 is still just a vibe check away. Also on deck: Google mi...

Tariffs are back, inflation is confused, and ICE is raiding your salad. In this week’s episode, we break down why oil prices spiked (hint: Middle East and fund managers panicking), how minimum wage still isn’t the job-killer people tweet about, and why Smoot-Hawley remains undefeated in the “worst economic idea ever” competition. **Apologies for the audio quality on this one** We also discuss the...

Tesla’s still pretending it’s a tech company, Stellantis is still pretending it’s a cool name, and Elon’s reality show got picked up by the White House. We break down whether SpaceX could survive a government “upgrade,” how tariffs are the financial version of playing chicken with yourself, and why Stellantis might just be the least-loved bargain in autos (with Maserati-sized baggage). Also on dec...

Kohl’s explodes upward, tariffs implode in court, and crypto takes a turn for the medieval as a self-styled “Bitcoin king” decides kidnapping is a viable portfolio strategy. We break down the chaos in U.S.–China trade talks, including China’s demand for AI chips and America’s new favorite acronym: TACO (Trump Always Chickens Out). Jamie Dimon goes full gloom-and-doom in a live interview, warning o...

Tariffs are back, baby — this time with a 50% side of Europe and a 25% sprinkle on your smartphone. We break down what that means for your iPhone payments (spoiler: don’t). We also talk about Nippon Steel’s love letter to U.S. Steel, Tesla getting lapped by BYD, and why Deckers somehow still sells Uggs. Drew nerds out over Japanese bond yields and explains how hedge funds pick up nickels in front...

In this special episode #7.5 of The Capital Call , US Army resident Dr. Nicholas Woo returns for a deep (and occasionally unhinged) dive into AI’s role in modern medicine. We talk liability nightmares, tech bro delusions, machine malpractice, and why you still want a human with a pulse when your chest hurts. From payroll taxes for robots to cobblers and blacksmiths, this one’s a ride. Welcome to t...

From boot camp to Botox denials, Army Doctor Nicholas Woo joins the Millegan brothers to talk about military healthcare, financial literacy for new recruits (hint: don’t buy the Mustang), and how TRICARE might accidentally be the best health plan in America. We also dive into Boeing’s slow-motion implosion, crypto’s awkward adolescence as it tries to reinvent banking, and why the UnitedHealthcare...

This week on Capital Call: with The Millegan Brothers , we cover light topics like international trade breakdowns, militarized drone swarms, 110-hour workweeks that literally kill, and Warren Buffett casually handing off the keys to a $1 trillion empire. Also: Netflix finds a way to make more money when you're broke , Disney opens a theme park somewhere dry and oil-rich, and Portland might get...

What do falling oil prices, orbital battleships, and lab-grown mammoth meat have in common? Apparently, this episode. Brothers Drew and Quinn Millegan spiral through the economics of tariffs, why OPEC is the worst group project in history, and how the U.S. frackers might get kneecapped (again) by Saudi spite. We learn about Norway’s shockingly low-cost oil production, Russia planting flags on the...

This week, Quinn and Drew tackle trade wars, why tariffs age worse than milk, the hidden stupidity behind sales taxes, and the booming business of shipping empty containers across oceans. They dig into SpaceX's money machine, explain why manufacturing didn’t really "die," and marvel at a new $20K EV truck that's basically a grown-up Lego set. Plus: the guy who missed the Titanic...

Elon’s busy building the Roman Empire in his nursery , Jerome's deadlifting instead of cutting rates, and brokers in 1925 Italy responded to regulation by going full WWE. Markets are wild - but they always have been. Plus: the ill-fated Jones Act, Chinese shipping, RuneScape-driven economics, Peter Navarro's alter-ego as a sack of bricks, and Quinn breaks the market with his metaphor. Welc...

First came the fake tweet . Then the denial. Then the real news. In between? Trillions moved, short sellers panicked, and the market posted one of its most dramatic rebounds since the Second World War. We walk through the tariff mess, what it means for inflation and reshoring, and whether the market just got gaslit by its own optimism. Also on deck: why warrants beat options, how fiat currency rea...

Tariffs, tantrums, and $6 trillion in vanishing value—what better time for the first-ever Capital Call? On this so-called “Liberation Day,” investors were liberated mostly from their gains. Quinn and Drew, managers of the Woodworth Contrarian Fund, unpack policy chaos, circuit breakers, and why Kohl’s might just be the thrift store Picasso—buried under junk, but worth a second look. www. Woodworth...