Hedgeye Podcasts

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...

Visit HedgeyeAM.com for more info 00:00 - Welcome to Protect the Pile 01:18 - Market Setup: S&P, Rates, Dollar and Credit Spreads 02:02 - Leyla Kunimoto’s Background and Accredited Investor Insights 04:38 - RPK’s Top 5 Market Notes 08:26 - Redemption Gates and “Semi-Liquid” Funds 12:01 - David Salem on the Yale Model vs. Democratized Alternatives 20:17 - The Problem With Retail Access to Priva...

In this episode of Protect the Pile, the RPK, Sam & Brooks discuss the market’s hidden flow machine. Brooks breaks down the June quarterly rebalance, explaining how Marvell, Flextronics, SpaceX, and major index changes forced large-scale buying, selling, and completion-index redistribution beneath the surface. The panel connects those mechanics to small-cap outperformance, mega-cap pressure, s...

"Rooster Reacts" returns after a long break with Ryan “Rooster” Ricci evaluating Kevin Warsh’s first meeting as the new Fed chair. Ricci frames Warsh as “the new sheriff in town” and focuses on whether he can restore Fed credibility after years of missed inflation targets. He reacts positively to Warsh’s emphasis on price stability, accountability, better data, and less reliance on stale...

In this episode of Protect the Pile, Hedgeye Asset Management portfolio managers R. Patrick Kent, Sam Rahman, Brooks Cutright, and Neil Howe unpack whether today’s AI frenzy looks more like 1999, the railroad bubble, or something entirely new. The group debates market concentration, hyperscaler CapEx, AI commoditization, private-market excess, and how practitioners should navigate momentum without...

***This webcast originally aired live on Hedgeye.com on June 9, 2026*** Markets may look chaotic. But are they truly random? In this special Real Conversation , Hedgeye Founder and CEO Keith McCullough sits down with Richard Brennan , author of The Fractals of Finance: Determinism, Adaptation and the Geometry of Markets , for a fascinating discussion on the deeper structure driving financial marke...

In the latest episode of Protect the Pile , RPK and Sam break down a volatile market setup: strong U.S. growth data, tightening dollar liquidity, tech factor reversals, and continued strength in semiconductors despite a sharp pullback. Patrick and Sam debate whether current conditions remain Quad 2 or are drifting toward Quad 1 or Quad 3, with health care showing early relative strength. They also...

In this episode of Protect the Pile, the team covers liquidity-driven market strength, record S&P levels, resilient global equities, and oil’s strange weakness despite tightening inventories. Patrick Kent, Sam Rahman, David Salem, and new HAM portfolio manager Brooks Cutright discuss index mechanics, free-float rules, profitability tests, and how massive IPOs could reshape passive buying. Sam...

We hosted a powerful "Real Conversation" between Hedgeye CEO Keith McCullough and Sam Goodwin — bestselling author, keynote speaker, and global traveler turned hostage survivor. In 2019, Sam's quest to visit every country on Earth took a violent detour. He was abducted by the Syrian regime, accused of being a CIA spy, and threatened with being handed to ISIS for beheading. He surviv...

In this episode of Protect the Pile, RPK and Sam discuss strong earnings, tech leadership, lower volatility, and a possible Quad 2-to-Quad 3 transition favoring healthcare over industrials. Nvidia’s results were strong, but AI bottlenecks are shifting toward CPUs, networking, and compute capacity. They debate hyperscaler spending, Anthropic/OpenAI demand, and AI monetization. Energy remains a key...

Brian "Ponch" Rivera's 28-year U.S. Navy career as a F-14 Top Gun aviator is one marked by exceptional leadership and operational expertise. But it wasn't without tremendous sacrifice.  He opens in the cockpit on a 2001 training mission over the Bay of Bengal, with the roommate he swapped seats with, who never came back. Through his emotional retelling, Rivera explains how, in...

***This webcast originally aired live on Hedgeye.com on May 14, 2026*** In a market environment defined by whiplash, uncertainty, and rapidly shifting narratives, clarity is more valuable than ever. Join us for a Real Conversation between Hedgeye CEO Keith McCullough and New York Times bestselling author Jim Rickards . From wild swings across equities, bonds, gold, currencies, and commodities to f...

In the latest Protect the Pile, Patrick Kent, Sam Rahman, David Salem, and John McNamara tackle a market that refuses to crack despite geopolitical shocks, oil disruptions, rising rates, and unresolved risks. The crew debates whether this is the most stressful investing environment in years, why liquidity and passive flows keep overpowering fundamentals, and how today’s market structure is reshapi...

***This webcast originally aired live on Hedgeye.com on April 23, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Mike Taylor , Hedge Fund Veteran, Portfolio Manager of PINK Shares for the Cure, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Visit Hedgeye.com for more great investing content. Hedgey...

***This webcast originally aired live on Hedgeye.com on April 23, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Nancy Davis , Founder & CIO of Quadratic Capital, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Visit Hedgeye.com for more great investing content. Hedgeye Founder & CEO Keith M...

***This webcast originally aired live on Hedgeye.com on April 23, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Daniel Lacalle , Chief Economist at Tressis, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Visit Hedgeye.com for more great investing content. Hedgeye Founder & CEO Keith McCullough...

***This webcast originally aired live on Hedgeye.com on April 22, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Josh Crumb , Founder & CEO of Abaxx Technologies, Jeff Currie , Director at Abaxx Technologies & Fmr. Global Head of Commodities, Goldman Sachs, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews,...

Hedgeye NexGen is for new and young investors. Hedgeye Macro analyst Ryan Ricci breaks down finance to its simplest form to help you build wealth over the long term. In this episode, Ryan discusses the growing wealth inequality in the U.S., or the "K-Shaped Economy," a term coined by Hedgeye in 2021. Hedgeye Founder & CEO Keith McCullough's long-awaited new book, “Master The Market”...

***This webcast originally aired live on Hedgeye.com on April 22, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Jim Bianco , Founder & President of Bianco Research, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Visit Hedgeye.com for more great investing content. Hedgeye Founder & CEO Keit...

***This webcast originally aired live on Hedgeye.com on April 22, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Steve Hanke , Prof. of Applied Economics at John Hopkins University, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Visit Hedgeye.com for more great investing content. Hedgeye Founder &a...

***This webcast originally aired live on Hedgeye.com on April 21, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Chris Whalen , Chairman of Whalen Global Advisors, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Visit Hedgeye.com for more great investing content. Hedgeye Founder & CEO Keith McCu...

***This webcast originally aired live on Hedgeye.com on April 21, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between Hedgeye Asset Management Portfolio Managers R. Patrick Kent (HEFT & HELS), Sam Rahman (HGRO) and David Salem (HECA) and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Visit Hedgeye.com f...

***This webcast originally aired live on Hedgeye.com on April 21, 2026*** This is an exclusive "Hedgeye Investing Summit" interview between David Rosenberg , Founder & President of Rosenberg Research & Associates, and Hedgeye CEO Keith McCullough . To watch more "Hedgeye Investing Summit" interviews, CLICK HERE . Visit Hedgeye.com for more great investing content. Hedge...

This week on Protect the Pile, the team unpacks a market that appears calm on the surface but is highly volatile underneath. While the S&P 500 sits roughly flat on the year, geopolitical shocks—particularly the Iran conflict—have driven sharp moves in oil and injected a strong short-term inflation impulse. At the same time, those pressures are colliding with longer-term disinflationary trends...