Podcast summaries
Behind The Markets Podcast
About these summaries
Octagon has summarized 180 episodes of Behind The Markets Podcast published between Jan 2, 2026 and Nov 12, 2026. The companies discussed most often are Nvidia, Microsoft and SpaceX. Each summary lists key takeaways, short timestamped quotes and the companies and tickers mentioned, with a link to the full episode.
Most-mentioned tickers
- NVDA 39
- GOOG 34
- GOOGL 34
- MSFT 30
- META 25
- AMZN 20
- TSLA 13
- AAPL 11
- AMD 11
- BAC 10
- MS 10
- GS 9
- INTC 8
- MU 8
- WMT 8
Most-mentioned companies
- Nvidia 39
- Microsoft 31
- SpaceX 29
- Google 25
- Anthropic 23
- Meta 23
- OpenAI 23
- Amazon 20
- Tesla 13
- Alphabet 11
- Apple 11
- Bank of America 10
- Goldman Sachs 10
- AMD 9
- Morgan Stanley 9
Episodes
- The Mag 7 Sell-Off: My 3 Secrets to Picking Stocks
The host argues that the recent tech sell-off has created a rare buying opportunity in several Mag 7 names, especially Meta, Alphabet, and Amazon.
- Morgan Stanley’s AI Winners List Is Full of Bank Stocks
The host argues that the AI trade is moving from infrastructure winners to operating businesses that can show measurable payback.
- Anthropic IPO: Why I’m Not Rushing to Buy at $1 Trillion
The host argues that Anthropic’s planned IPO looks less attractive as the valuation keeps sliding from a rumored $2 trillion toward $1 trillion.
- Chip Stocks Sell-Off: Why the AI Build-Out Just Went From 3 to 5 Years
Dylan Grice argues that last week’s chip-stock sell-off did not mean the AI trade was over; it reflected a market repricing of the timeline.
- Midterm Election Results: The Stock Market’s Winners and Losers
Dylan Grice argues that the midterm result is broadly constructive for markets because divided government tends to produce gridlock, which he says the founders intended and…
- Google Stock: Why AI Mode Earns Less Than Search
Google’s sell-off was framed as an incumbent’s dilemma rather than a collapse in demand.
- Q3 GDP: Data Centers Up 127%, But 62% Say the Economy's Bad
The host argues that the U.S. economy remains strong despite widespread negative sentiment.
- AI Debt Bubble? Wall Street Is Done Funding Bad AI Companies
The host argues that the AI trade is moving from an easy-money phase to a more disciplined one, with Wall Street now forcing weaker AI companies to the back of the line.
- Google Stock After Earnings: Is AI a Threat to Search?
The host argues that last week’s selloff in Microsoft, Amazon, Google, and Meta says less about the end of the AI trade than about how expensive the build-out has become.
- Robotics Stocks: Where Morgan Stanley's $25 Trillion Actually Goes
Morgan Stanley’s robotics research is framed as a once-in-a-generation shift, comparable to the world before and after electricity.
- AI Bubble vs Dot-Com Bubble: The Difference Is Demand
The host argues that AI may look bubble-like in some pockets, but it does not yet resemble the dot-com bust in the way capital is being deployed.
- CoreWeave vs Nebius: Which NeoCloud Survives Musk’s Warning
The host argues that Elon Musk’s public warning that most neo-clouds will go bankrupt is partly self-interested, because SpaceX now gets about 50% of its revenue from neo-cloud…
- Anthropic Stock: Check This Number Before You Buy the IPO
Anthropic’s upcoming IPO is presented less as a story about the stock price and more as a test of the business model behind Claude.
- S&P 500 Prediction 2026: The Bull Market’s Fifth-Year Record
The host argues that the current S&P 500 bull market has already shown unusual strength and may still have room to run.
- Intuitive Surgical and Aurora Stock: Where Robots Pay Off First
Robotics is framed as a capital-allocation story, not a humanoid future story.
- AI Stocks After Nvidia: The Industries I Think Win Next
The host argues that the AI trade is moving from the companies that enabled adoption to the companies that will now use it best.
- Tesla Stock: Who Really Profits From Optimus?
The host argues that Tesla’s Optimus robot push is less important, at least for now, than the component companies that can supply humanoid actuators.
- Anthropic IPO: Why Investors Cut the Valuation to $1.5 Trillion
Anthropic’s roadshow in San Francisco was meant to support a $2 trillion IPO valuation, but investors reportedly pushed back and are now talking about $1.5 trillion instead.
- CoreWeave Stock: Why Its Bonds Just Hit Distressed Levels
The host says the biggest signal in markets right now is not inflation but stress in the credit markets, especially around data center financing tied to the AI trade.
- Inflation Report: It’s Not Just Gas Anymore
The host argues that the latest inflation report was not just a gas story, even though energy was the biggest driver.
- Nuclear Stocks: Why I Haven’t Recommended a Single One
The host argues that the Nuclear Regulatory Commission’s first-ever approval of a small modular reactor for the Tennessee Valley Authority is a major milestone, but not an…
- SpaceX Stock: Why Musk’s $8 Billion Spectrum Buy Hit AT&T and Verizon
SpaceX’s reported $8 billion purchase of low-band 800 MHz wireless spectrum licenses sparked a one-day selloff in telecom stocks, with AT&T down 9.8%, Verizon down 8.8%, T-Mobile…
- Starbucks Stock: Why Buying Chipotle Would Be a Big Mistake
The host argues that Starbucks buying Chipotle would be a bad capital-allocation decision, even though the idea is tied to Brian Niccol’s history as Chipotle’s former CEO.
- TLT ETF: Why Retail Investors Are Buying the Wrong Bond Fund
The host argues that retail investors are misreading the recent bond sell-off by piling into TLT, the 20-year Treasury ETF, while rates are rising.
- How Strong Is the US Economy? Where This Expansion Ranks Since 1854
The host argues that the U.S. economy is stronger than many investors realize, pointing to 78 consecutive months of expansion, a sixth-longest business cycle since 1854, and an…
- Project Meridian Explained: Elon Musk's New Pentagon Role
The host discusses the Pentagon’s new Project Meridian, a group that will advise on the future of warfare with Elon Musk, Palmer Luckey, and Newt Gingrich involved.
- Michael Burry Is Short Micron. Here's the Lesson He Forgot.
Dylan Grice says Michael Burry’s short thesis on Micron makes logical sense: memory chips are cyclical, commoditized, and vulnerable to falling prices if China adds DRAM and NAND…
- Why Meta's Muse App Set Off an AI Chip Rally
Meta’s release of its personal agent Muse is presented as the main catalyst behind this week’s rally in the Nasdaq and tech stocks.
- Why America's Capital Markets Will Decide the AI Race With China
The host argues that the AI race between the U.S. and China will be decided less by model quality than by which system can mobilize capital more effectively.
- The Hidden Risk Buried in Anthropic's 80% Margin Claim
Anthropic’s rumored IPO and a reported valuation as high as $2 trillion are framed as a test of whether the company can justify elite-public-market pricing.
- Why Insuring Meta and Amazon's Debt Suddenly Got More Expensive
Apollo Global’s chief economist Torsten Slok is cited as warning that credit default swaps on hyperscaler debt have become more expensive, meaning investors now pay more to…
- Why Stocks Really Fall When the Fed Raises Rates
Dylan Grice argues that stock prices fall when the Fed raises rates because interest rates are the price of money: higher rates reduce how much capital can be spent on business…
- Three Warning Signs That Would End This AI Profit Boom
The host argues that the Federal Reserve is no longer the main force driving stocks, because the bond market has regained control of interest rates.
- How China Views the AI Race and Why It Terrifies Washington
The host argues that the sudden push by Sam Altman, Dario Amodei, and others to slow the AI race reflects a real fear: once models reach recursive self-improvement, they could…
- Six Companies Racing to Replace the ISS and Who NASA Favors
Dylan Grice argues that the fight to replace the ISS matters as much for investors as for space policy, because NASA’s choice will reveal how the government views the next phase…
- NASA is Paying SpaceX to Destroy the International Space Station
The host frames the episode around two themes: a 25-year remembrance of 9/11 and a bullish-looking investment angle hidden inside NASA’s plan to retire the International Space…
- NFL Teams Are 10 Times Scarcer Than America's Landfills
The host argues that the Seattle Seahawks’ $9.6 billion sale is a clean example of how rare assets can command extraordinary value.
- How Nike Broke Up with Foot Locker and Lost Its Moat
Nike’s selloff is framed as the result of a strategic error, not just weak results.
- How Lululemon Went from $500 to $100 and What Killed the Advantage
Dylan Grice argues that Michael Burry may be making the same mistake he once made with Gap by buying Lululemon too early in a collapsing business.
- Why Entrepreneurs Are the Worst Investors I've Watched in 35 Years
Dylan Jovine argues that entrepreneurs are often the worst investors he has seen in 35 years, even though they should have an advantage because they understand how businesses work.
- The Dot-Com Boom is Beating the AI Boom 3 to 1
The host compares the early productivity payoff from the AI buildout with the dot-com era and argues that the internet wave is still ahead on the numbers.
- Musk Says Tesla's Future is Robots Not Cars and He Just Started Building Them
The host argues that Elon Musk’s move to start production of Optimus robots marks a turning point for Tesla and for the broader robotics market.
- Broadcom Wants $100 Billion to Help Its Own Customers Buy Its Chips
Dylan Grice argues that Broadcom’s AI strategy is less about selling chips and more about financing demand for its own products.
- Why Gates Bets on Landfills While Everyone Else Chases Tech
Dylan Grice argues that Bill Gates’s largest personal position outside Microsoft, roughly $25 billion in Republic Services, is a lesson in how to protect wealth in an…
- Why Central Banks Buying 96 Tons Of Gold a Month Beats Bitcoin
Dylan Grice argues that the current “debasement trade” is still about protecting purchasing power as the dollar weakens and inflation remains suppressed rather than fully visible.
- What Nvidia's 75% Gross Margins Quietly Reveal About AI
Nvidia’s latest quarter is presented as strong on the surface: revenue hit $96.2 billion, up 107% year over year, and data center still accounted for $89 billion of that total.
- Backbone or Reach, the Two Halves Of Space Most People Ignore
Dylan Grice argues that space investing is in a new phase that is very different from the government-led first space age.
- Why Both Parties Suddenly Agree on Hating Data Centers
The host argues that data centers have become a rare bipartisan political target because electricity bills are rising quickly and voters increasingly blame AI infrastructure for…
- Why Berkshire is Buying Homebuilders Into the Housing Slump
US home buyers are on what the host calls a buyers’ strike: in July there were an estimated 51.3% more sellers than buyers, or 151 sellers for every 100 buyers, while homebuyers…
- The Walmart Recession Signal Just Hit Its Highest Level Since 2008
Walmart’s latest earnings are framed as a recession warning because the company’s “Walmart recession signal” has risen to its highest level since the 2008 financial crisis, which…
- Why Musk and Jensen Huang Both Say China Could Win the AI Race
The host argues that Elon Musk and Jensen Huang are pointing to the same core risk in AI: electricity, not chips, is becoming the binding constraint.
- Every Midterm Since 1990 the S&P Fell 7% from August to October
The host says midterm years have historically been weak for stocks, citing a pattern that since 1990 the S&P 500 has fallen at least 7% from August through October in every…
- Why AI Debt is Quietly Stealing Buyers Away from US Treasuries
The host argues that the bond market is re-pricing after a long era of cheap money, with U.S. debt and interest costs becoming impossible to ignore again.
- Why Central Banks Are Buying 70 Tons Of Gold Every Month
Gold is the main focus, with the host arguing that the metal is approaching record territory because of powerful institutional demand and worsening sovereign debt dynamics.
- The Hoover Dam is About to Lose 70% Of Its Power
The host argues that the Hoover Dam is heading toward a major loss of generating capacity as Lake Mead falls toward 1,035 feet above sea level.
- How Diamond Prices Quietly Crashed 60% in Just Five Years
Diamond prices have fallen sharply over the past five years, and the host argues the collapse reflects a structural shift in the industry rather than a temporary downturn.
- The $2.6 Trillion AI Spending Spree Hiding in the Footnotes
The host argues that the AI buildout is a historic capital spending cycle, larger than the railroad, electricity, or coal booms, with hyperscalers already committed to about $2.6…
- America Just Bought Zero Saudi Oil for the First Time Since 1985
US imports of Saudi crude fell to zero in July, marking the first full month without Saudi oil imports since 1985.
- Why the Army Just Handed Aerovironment a Half Billion Dollar Laser Deal
The host focuses on the military implications of AeroVironment’s roughly $500 million counter-drone laser contract, saying the US Army is buying at least $400 million of systems…
- DD 8 10 26
Dylan Grice argues that the latest Bank of America bull-bear indicator is flashing a warning sign for stocks, with the gauge at 9.7 after a sharp swing back toward bullishness.
- The Case for $20,000 Gold over the Next 4 Years
Gold’s latest 4.3% jump, its third-largest gain of the year, is presented as a possible turning point rather than a one-off move.
- Three Reasons a SpaceX and Tesla Merger Might Actually Work
Dylan Grice argues that SpaceX’s latest results make a Tesla merger look less far-fetched than it did a year ago.
- What the Latest Data Says About Where Markets Head Next
Dylan Grice argues that the bull market is still intact because the core driver, in his view, is a manufacturing boom powered by AI spending.
- The Bond Market is Flashing a Warning Louder Than the Oil Scare
The host argues that the bond market, not the Iran headlines or oil prices, is the real warning sign for investors.
- The Mag Seven Split That Separates the AI Winners from the Spenders
The host argues that the Mag 7 is splitting into two camps: companies seeing a real return on AI spending, and companies that are still being punished for heavy investment…
- Is the AI Trade Actually Over? Here's What the Selloff Really Means
The host argues the AI trade is not over despite the recent selloff in AI stocks, especially the infrastructure names that had surged earlier.
- Is the Mag Seven Dead? Here's What the Desks Are Asking
The host argues that the Magnificent Seven is “dead” as a short-term trade, but not as a long-term investment.
- Why John Paulson Thinks Gold's Bull Market is Just Starting
The host argues that gold is still in the early stages of a long-term bull market, citing John Paulson’s CNBC view as a major confirmation.
- Why the 10-Year Yield is the Gravity Pulling on Your Stocks
The host frames the market as a split screen between the 10-year Treasury yield and corporate profits.
- Over Half Of Tech Stocks Are Already in a Bear Market
Dylan Grice says a Turning Point Market Research report shows 59% of S&P 500 tech stocks are already at least 20% below their 252-day highs, while the S&P 500 Information…
- Wall Street Just Raised Its Gold Call to $6,000 an Ounce
The host argues that gold still looks cheap even after pulling back from around $5,000 an ounce to about $4,000, because major Wall Street banks have kept lifting their targets.
- The AI Trade Isn’t Over but Leadership Is Quietly Rotating
The host argues that the AI trade is not over, but the leadership inside it is changing.
- Why Goldman Says the Hyperscalers Look Cheap Into Earnings Season
Goldman Sachs is urging investors to buy the recent tech selloff, arguing that the hyperscalers look cheap heading into earnings season, which begins around July 13.
- Inside the $55 Billion Terafab Plant Tying Musk's Companies Together
Dylan Grice argues that Tesla and SpaceX are starting to trade like a pair of companies moving toward a deeper relationship, pointing to repeated synchronized stock moves where…
- Why Goldman's Prime Desk Says Smart Money is Fleeing the Mag Seven
The host focuses on a Goldman Sachs Prime Services note showing hedge funds dumping tech equities at the fastest pace since Goldman began tracking the data in 2016.
- Everyone's Chasing Nuclear While Geothermal Quietly Wins the Math
The host argues that China’s new open-source AI model underscores a national security race, because advanced models can expose vulnerabilities across banking, insurance, energy…
- The Pentagon's New DAWG Command and the 24,000% Budget Jump
Dylan Grice argues that the defense sector’s recent sell-off has created an attractive setup for the next year, even as much of the market chases AI.
- Why the Best Defense Stocks Are Quietly Getting Hammered
Defense stocks have been under pressure even as the broader AI and tech trade has surged, and the host framed that divergence as a “tale of two cities” inside a sector he still…
- Why Micron's 84.9% Gross Margin Just Took the Tech Crown
Micron’s reported 84.9% gross margin is the centerpiece of the discussion, because the host argues gross margin is the best single way to judge a business’s underlying economics.
- The Hidden Pricing War That Could Turn Llms Into Utilities
Tech stocks have become vulnerable after a long rally, with the host arguing that stretched valuations, worries about higher rates and a new Fed chair, and the scale of AI…
- Why the AI Trade Just Hit the Brakes This Week
The episode argues that the AI stock pullback is being driven by two forces at once: investors are questioning whether massive AI spending will earn enough return, and the market…
- Bain Capital is Using AI to Clone Public Companies Business Models
The host focuses on a Financial Times report that Bain Capital has assembled programmers to use “vibe coding” and AI to recreate the business models of public companies.
- The Inflation Trap That Quietly Eats Your Bond Money
US Treasuries are not truly risk-free, because their market value can fall before maturity if interest rates rise.
- What Warsh's First Fed Meeting Tells Us About Rates Ahead
Dylan Grice argues that Warsh’s first Fed meeting signaled a return to a minimalist, Greenspan-style central bank focused first on price stability.
- Why Goldman Sees a $7.6 Trillion AI Buildout Before 2031
Dylan Grice argues that Goldman Sachs’ estimate of a $7.6 trillion AI buildout through 2031 marks a massive reindustrialization trend centered on compute, data centers, and power.
- Inside Musk's 5 Layer Plan to Own AI from Energy to Apps
The host argues that SpaceX’s reported $60 billion all-stock purchase of Cursor is part of a broader push to make Elon Musk’s empire vertically integrated across the AI stack.
- The SpaceX IPO Penalties Nobody Warned Retail Investors About
Dylan Grice says SpaceX IPO day is not just about getting an allocation but about avoiding brokerage penalties if shares are sold too quickly.
- How to Trade the SpaceX IPO
The host focuses on how to trade SpaceX as it begins trading under ticker SPCX at $135 a share, but he frames the setup as one case inside a broader IPO playbook.
- The Hidden Psychology Driving SpaceX Higher
The host argues that SpaceX’s eye-popping valuation is being driven as much by crowd psychology and coordinated promotion as by fundamentals.
- Warning: The Fed's Rate Trap Is About to Crush Stocks
The host argues the recent stock selloff is a normal correction after an overextended rally, not a sign the bull market is finished.
- Warning: Most SpaceX Stock "Deals" Are a Trap — 5 Real Ones
Dylan Grice focuses on new details from SpaceX’s filing that change how the IPO may trade and how much stock could reach the market early.
- Dylan Jovine | 5 Massive Stock Market Risks
Dylan Jovine says the market feels euphoric, but he is still only cautiously bullish, framing his outlook as 65% bullish and 35% bearish.
- Dylan Jovine | Who Actually Makes Money on an IPO?
Dylan Jovine argues that the next wave of IPOs, including SpaceX, OpenAI, and Anthropic, could be a major test of both investor appetite and the overall market.
- Dylan Jovine | Space Is the New AI?
Dylan Jovine argues that the next major investment wave could be space, echoing Walter Isaacson’s claim that “space will be the new AI by 2027.” He says he agrees with the idea…
- Dylan Jovine | Why Elon Musk Wants Data Centers in Space
Dylan Jovine argues that the next major military and AI edge will come from moving data faster, and he compares that race to the speed contest that reshaped Wall Street trading…
- Dylan Jovine | BREAKING SpaceX News!
Dylan Jovine says SpaceX is targeting a public filing around June 12 and would trade under the symbol SPCX, though he cautions the date is not final.
- Dylan Jovine | The REAL Threat to Your Retirement
Dylan Jovine says Portfolio Payouts was created to address the gap between rising living costs and the smaller increases many retirees receive from Social Security.
- Dylan Jovine | The Bond Market Can No Longer Be Ignored
Treasury yields have climbed back to levels the host says investors cannot ignore, with the 30-year Treasury yield at 5.12% and the 10-year at 4.59%, the highest in 12 months.
- Dylan Jovine | PPI Shock Could End the AI Bull Market
Dylan Jovine argues that last week materially worsened the market’s risk outlook because the Producer Price Index jumped to 6%, the biggest increase since 2022, and bond yields…
- Dylan Jovine | The Taiwan Crisis Wall Street Is Ignoring
Dylan Jovine says this week’s inflation data and President Trump’s meeting with Xi Jinping materially changed his view of market risk.
- Dylan Jovine | Inflation Is How Democracies Die
Dylan Jovine argues that the latest CPI print is a warning sign for both the economy and markets.
- Dylan Jovine | Is China Really Pulling the Strings in Iran?
Dylan Jovine argues that the real story around the Trump-Xi summit is not the public agenda of semiconductors, soybeans, chips, and rare earths, but a deeper contest over…
- Dylan Jovine | When Does the Bull Market End?
Dylan Jovine argues that the current bull market is being driven more by AI enthusiasm than by oil-related fears, saying the AI trade is exerting stronger upward pressure on…
- Dylan Jovine | You May Be FORCED to Buy SpaceX
Dylan Jovine argues that SpaceX could end up in major index funds sooner than expected, forcing passive investors to own the stock whether they want it or not.
- Dylan Jovine | We Are Entering the Third Generation of AI
Dylan Jovine argues that AI is entering a third generation he calls agentic AI: systems that do tasks, process information, and automate workflows instead of only answering…
- Dylan Jovine | Is AI Going To Take Your Job?
Dylan Jovine argues that AI has reached a point where governments should at least review powerful new models before release, and he says he agrees with the Trump administration’s…
- Dylan Jovine | This SpaceX IPO Could Crush the Mag 7
Dylan Jovine argues that a SpaceX IPO could pressure the broader market even for investors who never own SpaceX shares.
- Dylan Jovine | Is Your Bank "Scamming" You?
Dylan Jovine argues that keeping cash in traditional savings accounts is still one of the biggest investing mistakes people make, regardless of age.
- Dylan Jovine | The Mag 7 Super Bowl is Here!
Dylan Jovine says the latest Mag 7 earnings were like a Super Bowl for Big Tech, but the real story is not just headline strength; it is a growing split between companies that…
- Dylan Jovine | Prediction Markets vs Stocks: The Critical Difference
Dylan Jovine says Bloomberg’s analysis of Polymarket reinforces his skepticism about prediction markets, especially when they involve elections and other high-stakes public…
- Dylan Jovine | The Sudden Tech Sell-Off Explained
Tech stocks sold off sharply after a run-up, and Dylan Jovine argues the move was triggered less by randomness than by worries around OpenAI.
- Dylan Jovine | The Next Big AI War Has Begun
The host argues that the recent surge in Intel, AMD, and Arm reflects a deeper shift in the AI trade: the market is moving from a GPU-dominated phase toward agentic AI, where…
- Dylan Jovine | The “Great Game”: America vs. China
Dylan Jovine argues that the key framework for investors is not individual stock picking but a global contest over commodities and strategic inputs.
- Dylan Jovine | Elon Musk’s Next Big Move: Tesla’s $25 Billion Bet Explained
Tesla’s latest quarter looked solid on the surface: revenue was $22.9 billion, up 15.8% year over year, net income rose to $477 million from $400 million, and gross margin…
- Dylan Jovine | Is Berkshire Hathaway a Bargain? Inside Buffett’s $1T Empire
Dylan Jovaneau argues that Berkshire Hathaway may still be cheap even after Warren Buffett’s retirement as CEO.
- Dylan Jovine | 9 AI Stocks Set to Surge + The Hidden Winner Nobody Is Talking About
Dylan Jovine argues that AI is entering a new phase beyond chatbots and simple prompt responses: agentic AI, where systems can plan tasks and act on their own.
- Dylan Jovine | The Secret AI Supply Chain Stock Set to Surge
Dylan Jovine argues that investors are focusing on the wrong part of the AI chip stack, with too much attention on design winners like Nvidia and AMD and manufacturing leader TSMC.
- Dylan Jovine | Tesla’s AI5 Chip Breakthrough Could Reshape the Market
Dylan Jovine argues that Tesla is being misread as only an EV, rocket, or software story, when a major part of its future may come from semiconductors.
- Dylan Jovine | What Killed the IPO Boom (And the Opportunity No One Sees)
The episode argues that the IPO boom has collapsed over the last 35 years, with the number of publicly traded companies down about 50% since the late 1990s.
- Dylan Jovine | Biotech Breakthrough: This Drug Could Transform Pancreatic Cancer Treatment
Dylan Jovine says Revolution Medicines’ pancreatic cancer drug, Daraxonrasib, posted a major Phase 3 result that could change treatment standards.
- Dylan Jovine | Anthropic’s New AI Model Is Being Kept Secret: SaaS Apocalypse Explained
Dylan Jovine argues that Anthropic’s withheld model could materially change cybersecurity because, during testing, it reportedly identified and exploited zero-day vulnerabilities…
- Dylan Jovine | Is NVIDIA Worth $22 Trillion? The Model That Shocked Wall Street
Dylan Jovine argues that NVIDIA could be worth $22 trillion, or roughly $800 to $1,000 a share, based on the UBS HOLT system.
- Dylan Jovine | Bloomberg Reports Why Stock Gains Surge in April
Dylan Jovine argues that April is historically one of the strongest months for stocks, citing Bloomberg data showing the MSCI World Index has been positive 75% of the time in…
- Dylan Jovine | 5 Big Winners From Trump’s Historic $1.5 Trillion Defense Budget
Dylan Jovine argues that President Trump’s 2027 defense budget request is historically large, rising from about $900 billion before Trump took office to $1.5 trillion, and that…
- Dylan Jovine | SpaceX Update: E*TRADE Said To Have Shares
SpaceX’s IPO terms appear to be shifting quickly, and Dylan Jovine says the latest change is that retail access now looks likely to come through E*TRADE, under Morgan Stanley…
- Dylan Jovine | J.P. Morgan Sees a Massive Opportunity
Dylan Jovine argues that JPMorgan’s new note is pointing investors toward a huge, underappreciated theme: the aging U.S. electric grid.
- Dylan Jovine | Will the Market Crash? What History Tells Us About Stocks
Dylan Jovine argues that the market reaction to a wider war with Iran should be judged less by forecasts than by history.
- Dylan Jovine | Biotech Is Heating Up Again: These Buyouts Could Be Just the Beginning
Biotech and healthcare are starting to see a fresh wave of takeover activity after a long stretch of weakness.
- Dylan Jovine | Amazon Hasn’t Been This Cheap Since the 2008 Financial Crisis
The host argues that several mega-cap tech stocks look unusually cheap after a selloff, especially Amazon and Nvidia.
- Dylan Jovine | Smart-Sounding Reasons To Sell Stocks
Dylan Jovine argues that there is almost always a frightening headline that seems like a reason to sell stocks, and that this pattern has repeated across decades of wars…
- Dylan Jovine | Trump's Secret Boss: What the Bond Market Is Signaling Now
Dylan Jovine argues that the bond market, especially the 10-year U.S. Treasury yield, is more important than the Federal Reserve in setting the tone for stocks and everyday…
- Dylan Jovine | The Case for Gold $10,000 Is Strong
Gold’s recent pullback did not change the longer-term bullish case, which Dylan Jovine tied to currency debasement, deficits, and central bank demand.
- Dylan Jovine | Where To Get Shares of SpaceX IPO
Dylan Jovine breaks down the rumored SpaceX IPO as an investor would, arguing that admiration for Elon Musk is not the same as a good entry price.
- Dylan Jovine | The Biggest Threat to the Stock Market Isn't Oil
Dylan Jovine argues that the stock market’s real danger is not oil prices but the 10-year Treasury yield.
- Dylan Jovine | Nvidia May Be Tesla's Biggest Threat
Dylan Jovine argues that Nvidia may be Tesla’s biggest competitive threat because it is moving autonomous driving from a Tesla-style proprietary advantage to a broader platform.
- Dylan Jovine | We Are Committing National Suicide
Dylan Jovine argues that the United States is moving toward a dangerous debt spiral, citing the Treasury’s estimate that debt will cross $40 trillion by October and saying the…
- Dylan Jovine | AI Boom vs Oil Shock: The Economic Warning Signs
Dylan Jovine frames oil as the clearest near-term macro risk, citing a Wall Street Journal poll of 50 Wall Street economists who said the U.S. could enter recession if oil…
- Dylan Jovine | BREAKING: Gold Officially Replaces Dollar As World Reserve Currency
Dylan Jovine says a World Gold Council report shows gold has passed the U.S. dollar as the world’s top reserve asset for the first time in 30 years.
- Dylan Jovine | The Market Is Sending a Warning Most Investors Are Ignoring
Dylan Jovine argues that the market is sending a warning that many investors are missing, and he frames it with Jesse Livermore’s response to the 1906 San Francisco earthquake…
- Dylan Jovine | AI, Drones, and Lasers: The New Era of Warfare
Dylan Jovine argues that warfare is entering a fourth major revolution, following the tank in 1915, the atom bomb in 1945, and smart bombs in 1991.
- Dylan Jovine | Housing Prices vs Income: Why the Gap Keeps Growing
Housing affordability is the central issue, with the host arguing that the gap between home prices and incomes has become extreme.
- Dylan Jovine | Are We Entering a Bear Market?
Dylan Jovine centers the episode on a Deutsche Bank report, “Lessons from 250 Years of Disruption,” to push back on the idea that AI will destroy the labor market.
- Dylan Jovine | 3 Signs the Oil Shock Is Leading to a Bear Market
Dylan Jovine argues that the recent oil move is a genuine macro shock, with crude briefly surging to $120 a barrel before easing back to around $80.
- Dylan Jovine | My 4-Step Risk-Off Strategy for a Market Selloff
Dylan Jovine argues the market’s sudden risk-off turn is being driven primarily by oil, with crude above $110 a barrel pushing inflation expectations higher and adding drag to…
- Dylan Jovine | Will Trump Restrict AI Chip Sales?
Dylan Jovine says the Trump administration is drafting rules that would require U.S. approval for AI chip exports to any country, a sharp reversal from the looser stance it took…
- Dylan Jovine | The Secret War In Iran... And the Hidden Battle for Global Power
The host argues that the conflict with Iran is not just a Middle East war but part of a much larger U.S.-China struggle.
- Dylan Jovine | IPO's Are Being Delayed: What the Iran War Could Mean for Stocks
Dylan Jovine argues that the IPO market is one of the best real-time signals of market health, citing Ben Graham’s idea that the end of a bull market can be seen in the quality…
- Dylan Jovine | 3 Ways to Play This War Stock Market
Dylan Jovine argues that the Iran conflict is changing the market backdrop because the key issue is not only war risk but whether the U.S. and its allies can keep up with…
- Dylan Jovine | How Middle East Wars Impact the Stock Market
Dylan Jovine argues that Middle East wars have historically been followed by strong stock-market gains, but only after an initial selloff driven by uncertainty.
- Dylan Jovine | 6 Secret Reasons We Attacked Iran
Dylan Jovine argues that the weekend strike on Iran is best understood as a geopolitical leverage move rather than a purely ideological one.
- Dylan Jovine | What NVIDIA's Earnings Say About the AI Boom
NVIDIA’s latest quarter is presented as proof that the AI boom is still very real, but no longer in its hypergrowth phase.
- Dylan Jovine | Meta VS Nvidia: The Strategic $100 Billion AI Chip Deal
Meta’s agreement to buy $100 billion worth of AMD chips is presented as a major strategic move in the AI arms race, not just a supply contract.
- Dylan Jovine | Is AI Bearish for the Stock Market?
Dylan Jovine argues Monday’s selloff was driven by two forces: tariff uncertainty and a much larger, underappreciated AI shock.
- Dylan Jovine | 4 Questions on the Future of Trump's Tariffs
Dylan Jovine argues that the Supreme Court’s rejection of Trump’s tariff authority under the IEEPA leaves the administration with a weak fallback and exposes how fragile the…
- Dylan Jovine | The Golden Era for Gold: J.P. Morgan
JP Morgan’s call for a “golden era for gold” is framed as a question of whether the metal can keep climbing toward levels like 6,300, with Bank of America and others cited as…
- Dylan Jovine | China Threatens U.S. AI Advantage
Dylan Jovine argues that the AI race between the U.S. and China is increasingly a power race, not just a chips-and-models race.
- Dylan Jovine | AI vs The Power Grid: The Real Bottleneck to Growth
Dylan Jovine argues that the real constraint on AI growth is not model performance but electricity.
- Dylan Jovine | Trump’s New Executive Order Could Ignite the AI Power Boom
Dylan Jovine argues that the AI trade has shifted from simply building data centers to solving a far bigger constraint: power.
- Dylan Jovine | The EV Era Is Ending — Tesla’s Robot Era Begins
Dylan Jovine argues that Elon Musk’s move to close production lines for the Model S and Model X and retool Tesla factories for Optimus robots signals a much bigger pivot than a…
- Dylan Jovine | Bank of America Sounds the Alarm: Gold vs. The Dollar
Dylan Jovine argues that Bank of America’s warning about a potential disorderly decline in the U.S. dollar validates a thesis his firm has pushed since 2022: the dollar is under…
- Dylan Jovine | Why We Recommended Selling 10 Stocks Last Week
Dylan Jovine says Behind the Markets recommended closing 10 positions, either in whole or in part, because the portfolio has been seeing better opportunities to raise cash while…
- Dylan Jovine | Should You Sell These 9 Software Stocks ASAP?
Dylan Jovine argues that the Nasdaq selloff is being driven less by rates or earnings and more by AI beginning to erode the software sector’s core business models.
- Dylan Jovine | SpaceX, xAI, and the Cost of Fighting a Two-Front War
Dylan Jovine argues that Elon Musk’s reported decision to fold xAI into SpaceX deserves more skepticism than the market is showing.
- Dylan Jovine | The End of Dollar Dominance? China’s Gold-Backed Strategy
Dylan Jovine argues that China’s push for the yuan, or renminbi, to become a global reserve currency is part of a longer campaign to challenge dollar dominance.
- Dylan Jovine | Rates, Inflation & U.S. Debt: Trump’s New Fed Pick Could Decide the Future
Dylan Jovine argues that Kevin Warsh would be a strong choice to replace Jerome Powell because he has experience at the Fed, credibility on Wall Street, and the independence…
- Dylan Jovine | BlackRock’s $13 Trillion Warning: Why Long-Term Bonds Are No Longer “Safe”
BlackRock’s warning is the core of the episode: the firm says investors can no longer count on long-term bonds to stabilize portfolios, because rising government debt, stubborn…
- Dylan Jovine | Healthcare Stocks Crash, While AI Chips Boom: What the Market Is Telling Us
Health insurers were hammered after the Trump administration proposed keeping Medicare Advantage rates essentially flat for 2027, and Dylan Jovine framed UnitedHealth as the…
- Dylan Jovine | Billionaires Agree: Copper Has a Once-in-a-Generation Setup
Dylan Jovine argues that the market’s dominant narrative is shifting from AI excitement toward debt, currency, and commodity risk.
- Dylan Jovine | 5 Reasons Gold Is Soaring: Why the Dollar Is Losing Power
Gold has crossed $5,000 an ounce, and Dylan Jovine argues that the move reflects a deeper shift in global finance rather than simple market excitement.
- Dylan Jovine | Credit Card Interest Rate Cap: Price Controls Could Backfire for Consumers
Dylan Jovine argues that Trump’s push to cap credit card interest rates is really a form of price control on unsecured lending, and that it would likely backfire for the…
- Dylan Jovine | The Hidden Risk Behind the Supreme Court’s Fed Case
Dylan Jovine argues that the Supreme Court case over the Federal Reserve’s independence is far more important than the surrounding geopolitical noise.
- Dylan Jovine | Stocks, Gold, and Housing at Record Highs — Is This Growth or Devaluation?
Dylan Jovine argues that the market’s simultaneous highs in stocks, gold, silver, copper, platinum, home prices, money market balances, U.S. debt, government deficits, and…
- Dylan Jovine | Greenland, NATO, and the New Age of War Investors Can’t Ignore
Dylan Jovine argues that Greenland, NATO, and the proposed $1.5 trillion U.S. defense budget are signs that the post-World War II international order is breaking down in real time.
- Dylan Jovine | Goldman Sachs Just Busted 7 Huge Market Myths for 2026
Dylan Jovine walks through Goldman Sachs’ 2026 outlook as a “Mythbusters” exercise, arguing that several popular market narratives are overstated.
- Dylan Jovine | Trump’s $1.5 Trillion Military Plan: Defense Stocks Poised to Explode
Dylan Jovine argues that President Trump’s proposed $1.5 trillion military spending plan could mark a major shift toward a Cold War-style defense buildup, with spending rising…
- Dylan Jovine | The Gulf of America Boom: Rare Earths, Energy, and Huge Profit Windows
Dylan Jovine argues that the newly renamed Gulf of America is emerging as a major profit theme because of offshore energy, rare earths, and a coming wave of lease activity.
- Dylan Jovine | Defense Spending, Debt, and America’s Economic Future
Dylan Jovine argues that Trump’s proposed $1.5 trillion defense budget is less extreme than it sounds when measured against GDP.
- Dylan Jovine | Trump Targets the Fed: DOJ Investigation Sends Gold to Record Highs
Dylan Jovine argues that the reported DOJ criminal investigation into Fed Chair Jerome Powell is a political move meant to pressure the Federal Reserve, not a credible corruption…
- Dylan Jovine | The U.S. and China Are Entering a Dangerous New Phase
Dylan Jovine argues that a series of recent developments — the Venezuela operation, the drawdown of 4,400 Starlink satellites, renewed interest in Greenland, and a planned…
- Dylan Jovine | 2026 Market Outlook: Copper, AI, and the Risks No One Is Talking About
Dylan Jovine says he is not buying the “economic nirvana” story for 2026, but he is also not bearish.
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