Doxa Takes

Chase & David are back for episode 30, diving into a market that keeps defying a normal playbook. Oil is up, rates are elevated, inflation is sticky — three headwinds that historically hurt equities — yet the market keeps grinding higher. They break down what's actually driving the disconnect, why it's unusual, and why the real opportunities are hiding in the themes the rally has left...

Chase & David split episode 29 into two (unrelated) parts. First, they unpack the Iran conflict - how they're thinking through it, how it compares to the Russia/Ukraine war, and why the oil market disruption is *very large*. They also talk about why the broader market is presenting more opportunities than they've seen since 2022. In part two, David tackles one of the most common financ...

Chase & David start 2026 by unpacking the software selloff—and why the market's first-level thinking is missing a lot of nuance. With hyperscaler data center spending equaling the GDP of Sweden, the AI infrastructure boom is undeniable. But so far this year the market has flipped from "AI is all upside" to "AI is an existential threat" for many software stocks. Chase br...

Chase welcomes back Bloomberg Opinion columnist Conor Sen for his third appearance on Doxa Takes to tackle the 2026 outlook—and why getting there requires making sense of 2025's messy economic puzzle. This past year gave us economic data that made sense in isolation but was tough to reconcile. Labor markets showed rising unemployment in a low-hire, low-fire environment, yet consumer spending s...

Chase & David break down the AI spending boom into three parts for episode 26: 1) Is AI infrastructure spending big enough to mask underlying economic weakness. When tech companies are dropping hundreds of billions on data centers and infrastructure, it creates ripple effects across markets and GDP. Are we in a bubble? 2) David asks the question about the energy shortfall equation that's creat...

Chase & David dive into the economy's "situationship"— you know, that awkward phase where nothing's dramatically changing, but there are definitely some moves happening that could matter depending on your specific situation. In this midsummer update, we break down the latest tax law changes and explore how they might (or might not) affect you, depending on where you sit. From marginal tax adju...

In this episode, it's just us—no guests, no agenda, just a lighthearted dive into the "Doxa Sayings" that guide everything we do at Doxa Capital. Think of this as a philosophical tour inside Doxa, where we share the timeless principles that have shaped our approach to markets, risk, and life. Sometimes the most valuable insights come not from market predictions, but from the foundati...

We're delighted to continue our annual tradition with Callie Cox, marking our third conversation with the Chief Market Strategist at Ritholtz Wealth Management and author of the OptimistiCallie newsletter. Callie brings her experience from roles at eToro, Ally Invest, LPL Financial, and TABB Group to talk about the volatile landscape. We break down the essentials of risk management, look at th...

We're honored to welcome back Paul Reilly, VP of Business Banking at a Northern Virginia community bank. He shares insights on today's lending landscape, the state of commercial real estate, and how policy uncertainty is shaping small business investment decisions. Just as in episode 9, Paul offers a valuable perspective on how his clients are navigating this up and down environment. Enjoy...

Chase and David welcome insurance expert Tony Iannarelli, the founder of TIG Financial, a full-service insurance agency known for its innovative approach to client protection. Tony breaks down the essentials of liability coverage, home policies, and the critical decision-making process behind claims. From natural disaster cat claims to everyday protection strategies, he demystifies the complex wor...

Chase and David unpack their 2025 forecast, digging into why today's economic resilience might face fresh challenges in the year ahead. Building on consumer momentum and moderating inflation, they explore why housing markets and policy shifts could reshape the narrative. The duo breaks down their playbook for navigating a year where downside risks deserve extra attention, sharing tactical allocati...

Chase and David dive into the trifecta of year-end uncertainties - from election jitters to interest rate speculation. They break down smart planning strategies to help you navigate these choppy waters as 2024 draws to a close. In this timely discussion, they explore how these interconnected forces could reshape both markets and investment approaches heading into 2025. Enjoy! (2:10) Uncertainty af...

Chase teams up with Bloomberg Opinion columnist Conor Sen to chat about why the Fed is poised to cut rates now, how fast they might go, and why bringing 2 firetrucks to a fire is always better than 1. On the eve of a pivotal Fed meeting, Conor brings his expertise to this timely discussion - exploring the ripple effects that will run through our economy in 2025. Enjoy! (1:05) Fire in the kitchen (...

Over the past month, market dynamics have shifted from inflation concerns to questions of economic growth, otherwise known as a classic 'Growth Scare'. In this episode, Chase and David have a chat about how the growth scare developed, what to watch for going forward, and how a multi-year carry trade involving Japan contributed to the big market sell-off over the past few days. Enjoy! (2:30...

On our first second take of the pod series, David and Chase set the timer at 2(-ish) minutes and go through 11 recent market headlines to share their thoughts. Enjoy! Geopol tensions with China / Is there an AI bubble? / Who can make money on AI anyways? / Can the grid handle all the datacenters? / Is the M.E. conflict disrupting energy? / Crazy economic surveys / Rate cuts! / Could higher rates a...

Our first repeat guest, Callie Cox, joins Chase and David to chat markets and the economy. She has been featured on CNBC, Bloomberg, the Financial Times, Yahoo Finance, and Barron's. She's one of the best at making complicated things simple - a talent we use in breaking down the three paths we see ahead. Callie made for one of our best episodes last year, and this one is no different! Enjo...

For episode 14, David takes the helm to tackle common tax strategies and how they can optimize your financial plan. His key point is to utilize all the company benefits available to you for maximum tax advantages. Lastly, Chase shares his philosophy on balancing tax efficiency with smart portfolio management. Enjoy! (3:50) Salary deductions - HSA + 401k (6:50) Salary deductions - FSA + extra benef...

Just a simple Chase & David chat for our first episode of 2024. We recorded this one "AMA style" with no prep or outline - just David asking some questions from clients and prospects of Doxa Capital. *And if you have a question for either of us, email it over and we'll use it on the next one! Enjoy! All feedback is good feedback and don't forget to subscribe! Nothing we say h...

In the last episode of 2023, Chase and David look back on the year and provide their outlook going forward. Rates, inflation, and growth are still the prime factors driving the bus, but the importance of each seems to be shifting. Really, this episode is just the podcast version of Doxa's "end of year note" , but with an added section on financial planning focus points for 2024! Enjo...

Not always do good operators make good investors, but on this episode Chase and David talk with Houston Vann of Junxion Capital, a real estate firm that excels at both. They combine "on the ground" expertise in construction and labor with deep involvement in community planning that creates a unique moat for their Jacksonville, FL business. Our immediate takeaway was how many different ad...

Chase and David get together to chat about the recent move in interest rates and the effect that it may have on the economy. It's not the sexiest topic in finance, but one that has been in the driver's seat for the last few months. They discuss how rates are reflexive, how bond mutual funds work, and the strategies that Doxa uses in bond portfolios. Enjoy! (4:30) What's happening with...

Chase and David are back to have a chat with Paul Reilly, the VP of business banking at a community bank in Northern Virginia. Paul has been recognized as one of the top bankers in the company and is involved in various organizations throughout NoVa - giving him a unique perspective on the small business community. He shares his thoughts on the commercial real estate market and the effect of highe...

Chase is joined by two awesome guests in George Pearkes and Conor Sen to chat about what's happening in the economy and some likely scenarios going forward. George is the Global Macro Strategist for Bespoke Investment Group and Conor is the founder of Peachtree Creek Investments and is a Bloomberg Opinion columnist. These guys are masters at articulating economic themes so we took advantage of...

In episode six of Doxa Takes, Chase takes the interviewer seat to ask David about some popular financial planning topics. As a reminder, David Mucciaro is the co-founder of Doxa Capital where he has guided clients through all of their ups and downs for nearly a decade. He's an expert in personal finance - helping families reach their goals while being smart and efficient in how it gets done. (...

**Special Episode** We want to try something new with QuickTakes - a short 15-min chat about how we are thinking through current events and the effects they may have on our investing style. Here, David and Chase discuss the debt ceiling showdown, interest rates, and the regional bank "crisis". Quicktakes is something we'll do from time to time, so please let us know if you're a f...