| The CNN Fear and Greed Index hit extreme fear territory this week. Yet when Brent Donnelly surveyed investors, he found something different: a market repricing risk rather than fleeing from it entirely. Brent runs Spectra Markets and remains one of the sharpest currency traders I know. His survey revealed that zero-revenue AI plays and debt-heavy infrastructure names are getting hammered while companies with actual cash flows hold up better. The pivot point came in late October with Meta's earnings. Brent's survey found that 65% of respondents would rather short OpenAI at a $500 billion valuation than go long on a three-year horizon. Most believe AI is a bubble, but they don't think it's topped yet. We also discuss what happens when OpenAI's $20/month subscription model can't support its capital requirements, why the search engine wars of 1998-2003 matter today, what trading currencies during a government shutdown looks like, and more. Learn more about Brent Donnelly here: https://www.spectramarkets.com Sign up for Ed D’Agostino’s free newsletter here: https://tinyurl.com/crc9e7cm Follow Ed D’Agostino on LinkedIn: https://www.linkedin.com/in/ed-d-agostino-415475296/ Follow Ed D’Agostino on X (Twitter): https://www.x.com/EdDAgostino Timestamps: 00:00 – Introduction 01:03 – Bearish v. bullish on AI 07:56 – AI’s endgame 16:17 – Why Buffett invested in Google 24:45 – The Economist indictor 31:39 – Currency trading through the shutdown |
You Might Also Like
Will the AI Bubble DESTROY the Middle Class? | Bruce Mehlman
2025-11-14
Bruce Mehlman is one of Washington’s sharpest political strategists. We dive deep into the recent government shutdown—why it happened, who won, and what it means for investors. Bruce also breaks down the Democratic sweep in November’s off-year elections, the AI bubble, and the economic tailwinds Wall Street is ignoring: massive foreign investment commitments, banking deregulation, and surprisingly strong corporate earnings. We also discuss the K-shaped economy that’s dividing America, why inflation remains the single most powerful political issue, and what deregulation really means for investors. Finally, Bruce pulls out his crystal ball for predictions on the 2026 midterms and who’s positioning for 2028 presidential runs on both sides.
Read Bruce Mehlman’s free Substack here:
The $12 Trillion Bubble’s Final Stage Has Begun | Jared Dillian
2025-10-31
Are we living through 1997/98 all over again? Former Wall Street trader Jared Dillian breaks down why today’s tech market looks eerily similar to the dot-com bubble—but we’re not at the peak yet.
We dive into the troubling rise of circular deals, where companies like Nvidia are investing billions in their own customers—just like Cisco did in the late nineties. Jared reminds us that “it’s never different.”
We haven’t had a real bear market in 17 years (outside the pandemic), and Jared raises a critical question: Will the magnitude of the coming drawdown be proportional to the length of this bull market?
Plus, Jared reveals how he wrote his upcoming book in just 10 days, and why it’s the guide nearly every investor should follow.
Learn more about Jared Dillian here:
Tags: Featured
6 pings