Latest Interviews
Showing 1–15 of 40 transcripts.
Clear all filters- Goldman Sachs16 min
Energy Disruptions Are Here to Stay
Amid escalating geopolitical tensions in the Middle East and Russia, the oil market has stabilized around $80–$85 for Q3 as investors focus on fundamental product deficits rather than headline volatility. While crude supply shocks have been partially mitigated by Russian export growth and strategic stockpiles, severe tightness in diesel and heating oil inventories threatens to sustain elevated prices through winter. Market analysts project a potential price dip to the $70s in Q4 if diplomatic progress occurs, though a significant supply response is unlikely before 2027 due to the long timeline required to rebuild global inventories.
- Bank of America14 min
Signals & Noise: Bubble Building in the Age of AI
Ben Bowler, Arjun Goyal, Benjamin Bowler
Bank of America Global Research identifies a prevailing "bubble era" driven by reflexive feedback loops where rising prices and volatility reinforce one another across asset classes like AI, tech, and cryptocurrencies. The firm's proprietary Bubble Risk Indicator (BRI) quantifies this instability using historical price data, successfully flagging recent pullbacks in Korean equities and vulnerable sectors such as cybersecurity and semiconductors. Strategic guidance suggests investors prioritize monitoring this metric over traditional valuations to navigate an environment characterized by higher volatility, larger drawdowns, and rapid snapbacks without an immediate terminal crash.
- Y Combinator14 min
How to Get Your First 10 Customers
This guide outlines a tactical framework for founders to secure their first ten customers by prioritizing manual, high-trust interactions over scalable automation. Early acquisition focuses exclusively on personal networks and in-person efforts, utilizing specific channels like micro-events, targeted Reddit DMs, and value-driven advice requests before ever deploying prospecting tools. Once these foundational deals are won through unscalable work, the strategy shifts to utilizing software like Apollo and Clay to replicate the validated pitch for subsequent growth.
- InstituteofTrading10 min
ITPM Flash Ep115 Defence against the Machine
Amidst a shifting AI landscape dominated by energy demands and a new agentic CPU era, a massive cybersecurity catalyst has emerged from Anthropic's internal Mythos model, which exposed thousands of critical global vulnerabilities without public release. Experts warn this creates a narrow defensive window before adversarial nations potentially replicate these capabilities, prompting a focused trade thesis on the Cyber First Trust Nasdaq Cyber Security ETF (CIBR). To capitalize on this thematic momentum, a structured options strategy involves buying 10 November $90 calls while selling 5 August $95 calls for a net debit of roughly $5,550, targeting a 3:1 return if the ETF rallies 29% by year-end.
- Bank of America7 min
Must Read Research: Bull & Bear, AI Infrastructure, Underdog and Housing Markets
Candice Browning, Michael Hartnett, Rafe Jadrosich
Recorded on June 8, 2026, this session analyzes a macroeconomic backdrop defined by $6 trillion in U.S. equity wealth gains alongside persistent inflation that has pushed nearly two-thirds of global central banks past their targets. The discussion details specific growth opportunities in hyperscale data center industrial catering, projected to reach $100 billion, and Underdog's expansion as a top-ranked social-first prediction market platform. Additionally, the briefing evaluates diverging housing sector trends, where affordability constraints have forced major builders to cut margins in key regions while luxury segments and remodel markets benefit from resilient high-income demand.
- InstituteofTrading12 min
ITPM Flash Ep114 Point, Click, Profit.
Amidst stretched tech valuations and cooling inflation narratives, Logitech International presents a strategic opportunity as a debt-free hardware provider capitalizing on the enterprise PC refresh cycle driven by the Windows 10 end-of-life deadline and AI hardware adoption. The company's robust fiscal 2024 performance, characterized by positive operating cash flow and a new CEO-led R&D push, is supported by a bullish option strategy that pairs long August $130 calls with short July $140 calls to limit risk while targeting a potential price run to $155 by late July. This setup seeks to profit from the anticipated low-expectation Q1 earnings catalyst and the broader rotation toward companies with solid fundamentals over speculative assets.
Inside PsiQuantum: The Photonics Chip Never Seen Before
Leveraging Molecular Beam Epitaxy within a Class 1,000 cleanroom, engineers fabricate high-precision Barium Titanate on Strontium Titanate films atop 300mm silicon wafers to support single-photon quantum computing architectures. The ultra-high vacuum process employs rigorous environmental controls and automated transfer systems to ensure crystalline integrity while facilitating immediate integration into high-volume manufacturing lines with partners like GlobalFoundries. Ongoing characterization using RHEED and optical interference validates these substrates for future dual utility as qubits or storage vectors within scalable quantum systems.
- The Economist9 min
AI has got better at hacking—how big a risk is it?
Anthropic withheld its latest model, Mythos, from public release after it demonstrated the ability to autonomously identify and exploit critical software vulnerabilities, such as a 27-year-old OpenBSD flaw, with minimal human intervention. This decision follows evidence that AI scaling laws now enable automated systems to accelerate the vulnerability exploitation cycle from years to mere hours, drastically outpacing current defensive capabilities. While Anthropic employed responsible disclosure by patching the specific bug before sharing details, the incident highlights a growing risk that open-source models will soon democratize high-level cyberattacks.
- Goldman Sachs15 min
Emerging Markets: Stirred, But Not Yet Shaken
Kamakshya Trivedi, Alison Nathan
Goldman Sachs analysts observe that risky assets recently reversed gains following an Iran conflict-driven oil spike, shifting market expectations from rate cuts to an inflation shock that has strengthened the US dollar through favorable terms of trade. While traditional hedges have underperformed, the firm maintains a positive outlook for emerging market equities, projecting 10–12% upside driven by robust earnings and structural trends like the AI semiconductor supply chain rather than multiple expansion. This bullish stance assumes the energy crisis remains short-duration; however, a prolonged conflict threatening physical supply shortages could force a re-evaluation of growth estimates and trigger significant market damage.
- Goldman Sachs10 min
A New Way to Trade Emerging Markets
Stratford Dennis, Chris Hussey
Global emerging market equities have surged 15% year-to-date on $45 billion in inflows, driven by strong earnings fundamentals and a weaker US dollar that specifically benefits non-China regions like Korea and Brazil. While broad markets rally, China lags due to a lack of earnings growth and tariff headwinds, prompting investors to shift capital toward Latin American assets and structural plays like call spreads to manage valuation risks. Goldman Sachs maintains a bullish stance on this "EM ex-China" exposure, citing anticipated Brazilian interest rate cuts and election cycles as key catalysts for continued, albeit slower, appreciation.
- Goldman Sachs11 min
“We Like Bonds”
Goldman Sachs interprets recent U.S. labor data as a temporary distortion driven by the government shutdown, maintaining that the economy remains soft rather than collapsing while projecting only two Federal Reserve rate cuts throughout 2025. The firm advocates for an intermediate-duration bond strategy between two and five years to balance yield pickup against global term premium risks, avoiding the longer end of the curve despite tight corporate credit spreads. Market outcomes will likely pivot on whether AI-driven productivity achieves a disinflationary expansion or if a sharper labor deterioration prompts a more aggressive monetary response from the central bank.
- Y Combinator9 min
Transformers Explained: The Discovery That Changed AI Forever
This event traces the evolution of AI from early neural networks plagued by vanishing gradients to the 2017 introduction of the transformer architecture, which replaced sequential processing with parallel self-attention. Key milestones include the LSTM's ability to model long-range dependencies, Google Translate's adoption of attention-based sequence-to-sequence models, and the subsequent bifurcation of transformers into encoder-focused BERT and decoder-focused GPT series. These developments enabled the shift from single-task specialists to general-purpose large language models, establishing the foundation for current state-of-the-art systems like ChatGPT and Claude.
- Goldman Sachs20 min
Making Sense of Weak Job Growth Alongside Solid GDP Growth
Despite tariffs reaching eight times 2019 levels and a three-week government shutdown subtracting from growth, U.S. GDP resilience is maintained by a depreciating dollar, stable stock markets, and a productivity rebound to historical averages. Core inflation is projected to normalize toward the 2% target as supply chains recover, supporting the Federal Reserve's current expectation of three consecutive 25-basis-point rate cuts through the end of the year. While immigration drops have constrained labor supply and AI adoption remains limited to specific sectors, policymakers anticipate maintaining a moderate expansion path unless post-shutdown data reveals significant deviations from current forecasts.
- Y Combinator13 min
OpenAI vs. Deepseek vs. Qwen: Comparing Open Source LLM Architectures
OpenAI, Alibaba Cloud, and DeepSeek have each launched significant open-weight language models featuring distinct Mixture of Experts architectures and advanced long-context capabilities. While OpenAI's GPT-OSS prioritizes inference efficiency on consumer hardware, Alibaba's Qwen 3 introduces flexible dense and sparse variants with dual reasoning modes, and DeepSeek's V3.1 achieves superior memory efficiency through Multi-Head Latent Attention. Despite differing engineering strategies for scaling and alignment, all three families demonstrate comparable performance benchmarks derived from trillions of tokens and complex post-training pipelines.
- Goldman Sachs10 min
The Fed Cut Playbook
Josh Schiffrin, Mike Washington
Josh Schifrin identifies weaker-than-expected non-farm payroll revisions as the dominant economic signal, creating a high probability for a 25 basis point Federal Reserve rate cut in September while ruling out a larger 50 basis point move. Although the US dollar faces structural headwinds from lower short-term rates and fiscal deficits, Schifrin expects equities to continue rising driven by AI catalysts and economic resilience, recommending a strategic long position in five-year Treasuries to capitalize on anticipated easing and hedge against potential volatility. This outlook sets the stage for a critical early September payroll report to guide the Fed's data-dependent trajectory for the remainder of the year.