6/2/2025 Bob Carey - Cataracts and Cadillacs…Unpacking Equity Market Trends

Ron Pernick is the founder of Clean Edge, a firm specializing in thematic research surrounding clean energy, transportation, water, and the power grid. In this episode, we discuss the evolution of these themes and how a new administration may impact their continued growth.

Brian Wesbury shares his views on why the Trump Administration is upending global trade, why tariffs may be an insufficient cure for problems created by big government, and where the US economy is headed for the rest of 2025.

Bob Stein provides perspective on likely economic outcomes that may result from the evolving policy mix of the new Trump Administration. Plus…Bob shares an early peak at potential contenders for the 2028 US Presidential election.

Bill Housey explores how fixed income investors can navigate rising uncertainty—from trade policies to inflation and beyond—in this deep dive into the bond market’s shifting dynamics.

Amid a sharp drawdown in US equities, Dave McGarel highlights the risks and opportunities that may lie on the horizon.

Gibson Smith, founder and CEO of Smith Capital, discusses some of the unique challenges—and opportunities—facing fixed income investors today.

After decades of slow growth, electricity demand is poised to surge, driven by AI, reshoring, and EVs. Jim Murchie, CEO and Portfolio Manager at Energy Income Partners, explains how natural gas, nuclear, and renewables will power the surge as utilities scramble to keep up.

Brian Wesbury explains why cutting government spending could be painful in the near-term but boost longer-term economic growth, similarities and difference between Trump and Reagan, and how he thinks about investing in an overvalued market.

From humanoids to self-driving cars, Mandeep Singh, Global Head of Technology Research at Bloomberg Intelligence, explores the future benefits and driving innovation from the massive investments in AI over the past few years. Hear expert analysis of the potential impact of these technologies in the coming years.

Ryan shares First Trust's perspective on how companies are investing in building AI and the various investment themes that could directly or indirectly benefit companies in the coming years.

Richard Bernstein shares his views on key investment themes to watch in the year ahead, including often-overlooked opportunities, potential pitfalls, and the value of striving for "maximum diversification."

Brian Wesbury, Chief Economist at First Trust, discusses the implications of a Trump victory in the recent election. Recorded the day after Election Day, Brian suggests potential changes in economic policy, tax policy, and other key areas concerning the future economic landscape.

Bob Stein, Deputy Chief Economist at First Trust, analyzes the probabilities of different election scenarios. The podcast also explores how tariffs and other tax policies might affect the economy, while discussing the implications of government spending, and considers if advancements in AI might pave the way for universal basic income initiatives.

Bill Housey, managing director of fixed income at First Trust, discusses recent developments in the bond market, including why long-term interest rates have risen since the Fed began cutting rates, where we are in the economic cycle, and what the implications are for bond investors.

Dave McGarel provides insights on what sort of stocks are poised for long-term outperformance in light of Fed rate cuts, valuation gaps, and factor analysis.

Ryan talks with Bob Carey about the implications of a falling interest rate environment for equity markets.

Brian Comiskey, Senior Director at the Consumer Technology Association, joins the podcast to discuss how recent trends in technology are reshaping the spending priorities of businesses, consumers, and governments around the world.