Episodes
Why Berkshire Moved Alphabet Into Its Top Three Holdings
Warren Buffett's Berkshire Hathaway just made a loud statement: Alphabet is now a top three holding, joining Apple and American Express. On this episode, Lucas and Luna unpack the filing data behind the move, what it signals about Berkshire's view of Big Tech and the broader market, and why the stock's slide in recent days might be a buying opportunity. They also look at how the shift fits with Berkshire's growing bet on housing and Delta Air Lines, and what it means for investors building…
Berkshire's New Top Bet on Alphabet and Housing
In this episode of The Investing Podcast, Lucas and Luna unpack Berkshire Hathaway's latest 13F filing, which reveals a major boost to Alphabet, making it a top three holding, alongside increased stakes in Delta Air Lines and housing-related companies. They explore what this shift says about Warren Buffett's view on tech valuations, the AI infrastructure boom, and the housing market, all while the broader market shows mixed signals with the S&P 500 up and the Dow down. The hosts also discuss…
Why Profit Margins Are at Record Highs and What It Means
Corporate profit margins are at their highest on record, and that single data point is reshaping how investors should think about stocks, inflation, and the Fed. In this episode, Lucas and Luna dig into the numbers behind the rally — why margins are up even as CPI falls, what it means for pricing power, and how the market is rewarding companies that can hold the line. They also unpack the surprising divergence between big tech and traditional industrials, and why record margins might be a…
Index Funds vs Active ETFs A Portfolio Showdown
Lucas and Luna dig into the quiet explosion of active ETFs—funds that promise to beat the market but charge fees like a hedge fund. With the S&P 500 near 7,748 and the Russell 2000 up 1.5 percent this week, they ask: is the rise of active ETFs a genuine challenge to index investing, or just a repackaging of old active management with new wrappers? They walk through the economics of active ETFs, why big asset managers are piling in, and what the data says about performance after fees. Lucas…
Why AI Computing Power Is Becoming a Tradable Asset
In this episode of The Investing Podcast, Lucas and Luna explore the emergence of AI computing power as a new tradable asset class. With CME launching futures contracts on AI compute, investors are asking what this means for the broader market. The hosts discuss how this development fits into the current economic backdrop, where the S&P 500 sits near record highs despite concerns about AI spending. They break down the mechanics of these contracts, the potential risks, and why this could change…
Why Falling CPI May Not Stop a Fed Hike
In this episode, Lucas and Luna dig into a curious disconnect: the consumer price index is falling, yet bond markets are pricing higher inflation expectations—and three Fed voters just pushed for a rate hike. They unpack the latest data, from the June CPI print to the 10-year breakeven inflation rate, and explain why the front end of the yield curve is suddenly the safe haven investors are flocking to. They also look at how rate-sensitive sectors like banks and energy are reacting, with Exxon…
Why Dividend Stocks Are the New Bond Substitute
With the Fed holding rates at 3.63 percent and the July jobs report missing badly, investors are scrambling for yield. Lucas and Luna dig into the quiet rotation happening under the surface: dividend-paying stocks like Pfizer, up almost 7 percent this week, and financials like JPMorgan and Bank of America are drawing cash that used to sit in bonds. They break down the math — how a 3.6 percent dividend yield now beats a ten-year Treasury at 2.25 percent real — and why this shift could be the key…
Berkshire's Cash Pile Finally Starts Moving
Berkshire Hathaway's cash hoard has been a running joke for years—Warren Buffett sitting on a mountain of money, waiting for the right moment. But with the baton passing to Greg Abel, the story is changing. In this episode, Lucas and Luna dig into the numbers: Berkshire's cash position, the recent earnings beat, and what Abel's early deployment moves signal about his strategy. They explore whether this marks a shift toward more aggressive capital allocation, what it could mean for Berkshire's…
How Falling CPI Is Pushing the Fed Toward a Surprise Rate Hike
Core inflation is cooling, yet the front end of the yield curve and Fed funds futures are pricing a real chance of a hike in September. In this episode, Lucas and Luna unpack the paradox: why a weak jobs report actually boosted hike odds, how the ten-year breakeven inflation rate at 2.25 percent is telling a different story than CPI, and what the copper rally to record highs signals about the broader economy. They look at what United Wholesale Mortgage's 35 percent plunge and dividend…
Copper at Record Highs Signals Broader Economic Shift
Copper just hit its highest price ever, and while gold gets the headlines, copper is the metal that actually builds things—wiring, batteries, grids, EVs. In this episode, Lucas and Luna dig into what the red metal's record run says about the global economy in August 2026, and why it might be a more reliable tell than the stock market's recent bounce. They break down the supply crunch—mines years away from coming online, grade declines, and a decade of underinvestment—against the demand surge…
How Falling CPI Could Still Trigger a Rate Hike
On this episode, Lucas and Luna unpack the paradox at the heart of today's markets: inflation data is cooling, yet the Federal Reserve's most hawkish voices are openly discussing a hike. They dig into the gap between headline CPI, which fell to 332.6 in June, and the Fed's preferred core PCE, which ticked up. They explore how Governor Cook's 'prepared to act' comment and the possibility of fewer Fed meetings could be setting up a surprise. And they ask whether the bond market's steady 2.22…
The Quiet Rotation Into Rate-Sensitive Stocks
August 4, 2026. The S&P 500 is up more than five percent in a week, but the real story is inside the tape: banks and homebuilders are leading, while energy and defensives lag. Lucas and Luna unpack the quiet rotation into rate-sensitive stocks as the Fed holds rates at 3.63 percent and inflation expectations cool. They look at why JPMorgan and Bank of America are catching bids, why the ten-year break-even rate falling to 2.23 percent matters for the front end of the curve, and what this says…
Why Real Estate Investment Trusts Are Thriving While Stocks Stumble
In this episode of The Investing Podcast, Lucas and Luna unpack a surprising divergence in August 2026: while the S&P 500 is up 2.3 percent over five days, many REITs are quietly outperforming, driven by a shift toward income and defensive assets. They explore the mechanics of REITs, how rising interest rates usually hurt them, and why this time feels different—thanks to cooling CPI, a flattening yield curve, and renewed appetite for yield. With a nod to specific numbers, like the 10-year…
Why the Front End of the Yield Curve Is the New Safe Haven
With the 10-year breakeven inflation rate ticking up to 2.28 percent while CPI actually fell, bond markets are sending a confusing signal. Lucas and Luna dig into why investors are rotating to the front end of the yield curve — short-duration Treasuries — ahead of the next Fed meetings. They unpack what the Fed's flat effective rate at 3.63 percent really means, why the 10-year breakeven matters more than the headline CPI number, and how a surprising market move — Chevron up 3.6 percent in a…
How Clear Street Is Opening Pre-IPO Doors to Databricks
Fintech broker Clear Street is now offering retail investors pre-IPO access to Databricks, the $188 billion AI giant. In this episode, Lucas and Luna unpack what this means for ordinary investors, the mechanics of pre-IPO investing, the risks involved, and how it fits into a long-term portfolio strategy. With the S&P 500 up 1% over the past five days and the Russell 2000 down, they also discuss whether this trend signals a shift in how retail investors access private markets. Tune in for a…
Why Bond Markets See Higher Inflation Despite Falling CPI
In this episode of The Investing Podcast, Lucas and Luna unpack a confusing signal from the bond market: the 10-year breakeven inflation rate has risen to 2.26%, even as the latest CPI data shows a decline. They explore why inflation expectations are decoupling from realized inflation, what it means for the Federal Reserve's next move, and how investors should position their portfolios. With the S&P 500 above 7,400 and Berkshire Hathaway up 3% in a week, they discuss whether defensive stocks…
Why Inflation Expectations Are Rising While CPI Falls
In this episode of The Investing Podcast, Lucas and Luna explore a puzzling market disconnect: headline CPI fell to 332.6 in June, yet the ten-year breakeven inflation rate has climbed to 2.26 percent. They break down why the bond market is signaling that inflation isn't dead—pointing to rising PCE, the Fed's split vote, and oil at $100. They explain how this divergence is driving the rotation out of growth stocks into value, with the NASDAQ down 2.8 percent while the Russell 1000 Value ETF is…
Why Three Fed Members Voted to Hike Rates This Week
The Federal Reserve held interest rates steady at its July meeting, but three voting members dissented in favor of a hike. This episode unpacks what that rare internal split signals about inflation expectations and the bond market. With the 10-year breakeven inflation climbing to 2.26% and core PCE edging up, is the Fed losing credibility? We also look at how investors are already rotating: value stocks like Berkshire Hathaway surged 3.7% in the last five days while the NASDAQ fell nearly 3%.…
How AI Trading Agents Are Reshaping Wall Street
This episode of The Investing Podcast explores the rise of AI agents that trade 24/7, a trend highlighted by recent headlines about startups and brokers building these systems. We discuss how this shift could impact long-term investors, with the S&P 500 at 7,429 and small caps lagging by 0.4% over the last five trading days. Visa's announcement that it is cutting 7% of its workforce due to AI reshapes the financial services landscape. Lucas and Luna examine whether algorithmic trading erodes…
Why Value and Defensive Stocks Are Outperforming Growth in Late July 2026
This week the Nasdaq dropped over 3% while the Dow hit new highs. Lucas and Luna examine the stark divergence between growth and value stocks, with Berkshire Hathaway up nearly 5% and Pfizer jumping 3.5%. They discuss what's driving the rotation—from sticky core inflation and a flat Fed to cost-cutting signals in tech—and what it means for portfolios. Plus, a look at the defensive sectors gaining favor as AI enthusiasm cools. #ValueStocks #GrowthStocks #MarketRotation #Nasdaq #DowJones #S&P500…
Why Steve Eisman Is Selling AI and Pivoting to Value
Steve Eisman, the investor famous for betting against subprime mortgages in 'The Big Short', just sold a key tech stock and publicly signaled doubts about AI's near-term returns. This episode examines the broader rotation from growth to value that's unfolded in July 2026: the Nasdaq has dropped 3.5% in the past five trading days while value-oriented indexes like the Russell 1000 Value (IWD) are up nearly 1%. Financials are leading the charge — JPMorgan has surged 3.2% in the same period. We…
Why Skepticism About AI Spending Is Spreading
Steve Eisman — the 'Big Short' investor — just sold a major tech stock, citing doubts about AI. Meanwhile, Moody's has warned that 'unprecedented' AI spending threatens the credit quality of Amazon, Meta, and Alphabet. In this episode, Lucas and Luna dig into the growing backlash against big tech's AI capex and what it means for the rest of the market. With the Nasdaq sliding 3.5% in five days while value stocks like Berkshire Hathaway and JPMorgan climb, they discuss whether this rotation is…
What the Bond Market Is Telling Stock Investors Right Now
The S&P 500 is at 7412, but bond yields are rising and the Fed rate hike odds are surging. Lucas and Luna break down the growing divergence between stocks and bonds, what it signals about inflation and AI spending, and how long-term investors should position their portfolios. Plus, why Moody's just warned on Big Tech credit risk, and what that means for your corporate bond holdings. A conversation about reading cross-asset signals in a confused market. #Stocks #Bonds #Fed #RateHike #S&P500…
How AI Spending Is Creating Corporate Bond Credit Risk
In this episode of The Investing Podcast with Fexingo, Lucas and Luna examine the growing credit risk in corporate bonds as companies ramp up AI capital expenditure. Lucas breaks down Moody's recent warning that Amazon, Meta, Alphabet, and others face 'unprecedented' credit deterioration from their AI spending sprees. They discuss how this risk, combined with rising odds of a Federal Reserve rate hike as oil prices surge, is reshaping the bond market. With the S&P 500 at 7,412 but the Russell…
The Fed's Rate Hike Dilemma as Oil Hits 100 Dollars
With the S&P 500 at 7,412 and oil prices surging past $100, markets are betting the Federal Reserve may raise rates again. Lucas and Luna unpack the data: core PCE is sticky, breakeven inflation is falling, and the Fed is stuck between energy-driven inflation and a slowing economy. They discuss what this means for long-term portfolio allocation—bonds, energy stocks, and value plays—and why the odds of a hike are suddenly real. Specific numbers and a clear framework for investors navigating the…
The Credit Risk of Big Tech's AI Spending Spree
Moody's just dropped a bombshell: the AI infrastructure buildout by Amazon, Meta, Alphabet, and Microsoft is 'unprecedented' and could threaten their credit quality. In this episode, Lucas and Luna break down the scale of the spending — Amazon alone is on track to spend $75 billion in 2026 — and what it means for bondholders and equity investors. They discuss whether the market is pricing in this risk, how Moody's rating outlook might change, and why even strong balance sheets can be strained…
Oil at 100 Dollars Reshaping the Stock Market in July 2026
In this episode of The Investing Podcast with Fexingo: Stocks, Bonds, and Building a Long-Term Portfolio, hosts Lucas and Luna examine how crude oil crossing $100 per barrel is driving a major sector rotation in July 2026. With the S&P 500 down and energy stocks like Exxon Mobil surging over 6% in the last five days, they explore what this means for portfolio allocation. They discuss whether rising oil prices could force the Federal Reserve to hike interest rates, how value stocks are…
Why Oil at 100 Dollars Is Reshaping the S&P 500
In this episode, Lucas and Luna explore how surging oil prices—with West Texas Intermediate crossing $100 per barrel—are reshaping the stock market in July 2026. They discuss the macro backdrop of sticky core PCE at 2.6%, the Fed's potential hike, and the outperformance of energy stocks like ExxonMobil (+6.5% over five days) and Chevron (+3.8%). They also examine why JPMorgan's Jamie Dimon is cautious on equities but energy remains a bright spot, and what $100 oil means for portfolio…
How John Paulson Is Betting Big on Gold in 2026
Gold is having a moment. With the S&P 500 hovering near 7,500 and inflation still sticky at 2.6%, legendary hedge fund manager John Paulson says we are in the early stages of a long-term bull market for gold. In this episode, Lucas and Luna unpack Paulson's contrarian bet, the macro environment that supports it, and what it means for portfolio allocation today. They discuss the disconnect between falling CPI but sticky core PCE, the flat Fed funds rate at 3.63%, and why energy stocks like Exxon…
Why Energy Stocks Are Surging While Markets Fall in July 2026
Lucas and Luna examine the surprising divergence between the broad market and energy stocks, with ExxonMobil up 5.8% and Chevron up 5.0% over the past week while the S&P 500 dropped 0.5%. They dig into the drivers: a potential supply squeeze, OPEC+ discipline, and the push for energy independence post-2024 election. The conversation also touches on how this affects the broader investing landscape—value vs. growth, sector rotation, and Buffett's recent Occidental purchases. Plus, they connect…
Why Jamie Dimon Says No to Stocks at Current Prices
Jamie Dimon, CEO of JPMorgan Chase, recently told investors he wouldn't buy stocks or Treasurys at current prices. In this episode, Lucas and Luna unpack what Dimon actually said, why his caution matters beyond the headline, and how his track record on market calls stacks up. They explore the specific risks Dimon highlighted—persistent inflation, geopolitical uncertainty, and the Fed's constrained position—and ask whether his bearishness is contrarian wisdom or just a bank CEO's natural…
Why Jamie Dimon Says No to Stocks at Current Prices
In this episode of The Investing Podcast, Lucas and Luna dig into Jamie Dimon's latest warning that markets are underestimating geopolitical risk. With the S&P 500 at 7,509 and the VIX elevated, Dimon says he wouldn't buy stocks or Treasuries at current prices. The hosts examine the disconnect between Dimon's caution and the market's resilience, looking at energy stocks like Chevron and Exxon that have surged 5% in the past week amid escalating U.S.-Iran tensions. They also consider what…
Why Large Caps Are Quietly Losing Their Edge in July 2026
In this episode, Lucas and Luna examine why large-cap stocks have underperformed small caps and value indexes over the past week. With the S&P 500 down 1.3% in five days while the Russell 2000 slipped only 0.8%, and value ETFs like IWD edging positive, the hosts drill into what's driving the rotation. Lucas points to signs of slowing GDP and sticky core PCE at 2.6% as reasons why growth-premium names are repricing. Luna brings up Jamie Dimon's recent warning that markets underestimate risk.…
Why Buffett Is Buying More Occidental Petroleum Shares
Berkshire Hathaway has been steadily adding to its Occidental Petroleum stake, and the latest SEC filing suggests Warren Buffett sees something the market is missing. Lucas and Luna dig into the numbers: Berkshire now owns over 30% of OXY, the timing relative to oil prices and Chevron's recent outperformance, and what this says about Buffett's view on energy at a moment when the S&P 500 is slipping and value stocks are grinding higher. They also discuss the strategic logic behind the stake — is…
Why Core PCE Is Sticky at 2.6
In this episode of The Investing Podcast, Lucas and Luna dive into the latest inflation data for July 2026, focusing on the Core PCE price index which has remained stubbornly at 2.6 percent year-over-year for three consecutive months. They explore why this measure matters more to the Fed than CPI, how it's impacting rate cut expectations, and what it means for portfolio positioning. Using recent Fed commentary from Dallas Fed President Logan calling for modestly higher rates, they discuss the…
Why Netflix Stock Defied the Streaming Loss Narrative
Netflix reported Q2 2026 earnings that sent the stock up 8% in after-hours trading. Lucas and Luna break down the key numbers: 8.2 million net new subscribers, a $0.50 operating margin improvement, and a 15% year-over-year revenue growth in the APAC region. They discuss how Netflix's ad-tier pivot and password-sharing crackdown are driving profitability, and why Wall Street is rethinking the 'streaming is dead' narrative. The hosts also touch on the broader media landscape, including Disney's…
How Netflix Stock Defied the Streaming Loss Narrative
Netflix shares have surged over 40% year to date, even as the company reports its first quarterly subscriber loss in a decade. In this episode, Lucas and Luna unpack the paradox: how Netflix convinced Wall Street to stop caring about subscriber counts and start valuing profit margins, free cash flow, and ad-tier revenue. They dig into the July 2026 numbers — ad-tier users now represent 38% of new sign-ups, average revenue per user is up 11% year over year, and the company generated $2.1 billion…
Why Buffett Is Quietly Buying Regional Banks Again
In July 2026, Berkshire Hathaway has been adding to its position in a midwestern regional bank—a name that doesn't make the usual headlines. Lucas and Luna dig into why Buffett is ignoring the big money-center banks and focusing on a lender with a fortress balance sheet and a loan book tied to agricultural and small-business lending. They look at the regional bank recovery since the 2023 crisis, the current interest-rate backdrop with the Fed holding at 3.63%, and what the Berkshire move…
The Index Fund Fee War Reaches Zero
Episode 118 of The Investing Podcast. Lucas and Luna break down the race to zero in index fund fees. Vanguard, BlackRock, and Fidelity are slashing expense ratios to fractions of a basis point. But when management fees approach zero, where do profits come from? The hosts discuss securities lending, cash drag, and how asset managers are making money after the fee disappears. With the S&P 500 near all-time highs and the Federal Reserve holding rates at 3.63 percent, the economics of passive…
How JPMorgan and Bank of America Are Surging in July 2026
Episode 117 of The Investing Podcast with Fexingo dives into why regional banks are rallying while the broader market pulls back. With JPMorgan up 2% and Bank of America up 3% over the past week, Lucas and Luna explore the drivers behind the divergence: a flat Fed funds rate at 3.63%, core inflation easing, and Dallas Fed President Logan's call for 'modestly' higher rates. They discuss how big banks benefit from a stable rate environment and a steepening yield curve, while the S&P 500 and…
Why Regional Banks Are Quietly Surging in July 2026
While mega-banks like JPMorgan and Bank of America dominate headlines, regional banks have been quietly outperforming in July 2026. Lucas and Luna dig into why smaller lenders are gaining—from a steepening yield curve to regulatory relief and a wave of M&A. They break down specific names like KeyCorp and Regions Financial, and discuss how the Fed's higher-for-longer stance is actually helping regional bank margins. Plus: why short sellers are getting squeezed, and how this rally might differ…
Why Small Caps Are Finally Outperforming Big Tech
Episode 115 of The Investing Podcast digs into a surprising July 2026 trend: small-cap stocks are quietly beating the S&P 500 while big tech lags. Co-hosts Lucas and Luna explore why the Russell 2000 is up while the NASDAQ dips, how falling core CPI and a flat Fed funds rate are fueling the rotation, and what it means for long-term portfolio construction. They examine the role of value stocks, the impact of Dallas Fed President Logan's hawkish comments, and specific sector winners like energy…
Why Warren Buffett Is Struggling to Find Value in 2026
Warren Buffett recently said it's 'tough to find values when everybody is preferring gambling.' In this episode, Lucas and Luna unpack that quote in the context of a market where the S&P 500 sits at 7,572 and Berkshire Hathaway is sitting on record cash. They explore what Buffett's caution means for long-term investors, why the Oracle of Omaha is staying on the sidelines, and how to think about your own portfolio when value is scarce. Lucas brings data on Berkshire's cash pile relative to its…
How SpaceX Is Reshaping the Defense Sector
On July 15, 2026, SpaceX is reportedly nearing a mega-IPO, and the defense sector is paying close attention. In this episode, Lucas and Luna explore how SpaceX's Starlink and launch capabilities are creating new revenue streams beyond traditional government contracts. They discuss the implications for legacy defense contractors like Lockheed Martin and Boeing, and what the IPO could mean for retail investors. With the S&P 500 at 7,572 and defense budgets tightening, SpaceX's commercial model…
How AI Is Reshaping Investment Banking Fees
In this episode of The Investing Podcast, Lucas and Luna explore how artificial intelligence is transforming investment banking fee structures. They discuss how banks like Goldman Sachs and JPMorgan are using AI to automate due diligence, valuation, and deal sourcing, and what this means for their bottom lines. The hosts break down the potential for fee compression in advisory services and the rise of new revenue streams from AI-powered analytics tools. They also touch on the broader…
How Goldman Sachs and JPMorgan Are Winning the AI Boom
In this episode of The Investing Podcast, Lucas and Luna dive into an unexpected twist in the AI boom: the biggest winners this quarter aren't just tech giants but America's largest banks. With JPMorgan up nearly 4% in the last five days and Goldman Sachs leading the charge, they explore how Wall Street is quietly becoming an AI powerhouse—using machine learning to generate billions in trading revenue, overhauling risk models, and even licensing proprietary models. Lucas breaks down the…
How Chinese Humanoid Startups Are Rushing to IPO in 2026
Chinese humanoid robotics startups are racing to go public, with several filing for IPOs in Hong Kong and the US in mid-2026. Lucas and Luna dig into the numbers: why firms like Fourier Intelligence and UBTech are listing now, the role of government subsidies, and what it means for investors eyeing the AI robotics space. They reference the broader market context—S&P 500 at 7,515, the Dow slightly down—and the surprising rally in Chevron (CVX) up 4.7% over five days as a counterpoint to the…
Why Chevron Is Quietly Winning the Energy Race in July 2026
Lucas and Luna dig into Chevron's recent outperformance — up 4.7% in the last five days while the S&P 500 barely budged. They explore what's driving the move: a disciplined capital-return program, strong free cash flow, and a strategic position in liquefied natural gas. They also consider whether this is a temporary energy rally or a longer-term shift in investor sentiment. With the Fed hinting at a possible rate hike and banks poised to report on SpaceX IPO revenues, the hosts connect…
How Pfizer Is Quietly Becoming a Growth Stock Again
Pfizer has been written off as a pandemic-era one-hit wonder, trading near $24 with a dividend yield over 5%. But a closer look at its pipeline—three phase 3 readouts in oncology this quarter, a potential blockbuster vaccine for RSV, and a cost-cutting program that's ahead of schedule—suggests the company is quietly repositioning itself for growth. Lucas and Luna break down the numbers: the $5 billion in annual savings from the restructuring, the 40% decline in shares from 2022 highs, and why…
Why Chevron Is Outperforming the Market in July 2026
In this episode, Lucas and Luna drill into one specific outperformer in the current market: Chevron. With the S&P 500 at 7,575 and the Dow slipping, Chevron's stock is up nearly 5% in the past five days. Lucas explains the key drivers — higher oil prices, cost discipline, and a strong balance sheet — and contrasts Chevron with ExxonMobil and the broader energy sector. They also discuss what Chevron's performance says about the market's current preferences for value and cash flow. If you're…
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