Full Signal

Phil Rosen
  • 4.8 (18)
  • Investing
  • Updated Daily

Financial markets and economic data explained through interviews with Wall Street's smartest investors, hosted by award-winning journalist and author Phil Rosen, who is the chief market strategist for ProCap Financial and the co-founder and CEO of Opening Bell Media.

  1. 14h ago

    Wall Street Quant: AI disrupts 78% of the stock market!

    Kai Wu is the founder and CIO of Sparkline Capital. He joins Phil Rosen on Full Signal to discuss why AI is breaking traditional value investing, how classic market metrics have become outdated, picking stocks in the AI trade, and which software stocks will win and lose next. This episode is sponsored by Public: https://public.com/openingbell Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - AI disruption framework 1:07 - Code isn't a moat 1:47 - Intangible value 3:21 - Value metrics are outdated 4:53 - Netflix vs. Blockbuster 7:43 - 200 years of patent data 12:48 - Building an AI-era portfolio 15:09 - Is intangible value already priced in? 16:42 - Fake AI companies 21:47 - Software winners 27:57 - Startups vs. incumbents 30:38 - 78% of market exposed 34:43 - Are index investors safe? 40:28 - What we'll be wrong about Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. #podcast #investing #markets #macro #stocks #bitcoin #fed

    43 min

  2. 1d ago

    Liz Ann Sonders: This is how the AI bubble bursts

    Liz Ann Sonders is the chief investment strategist at Charles Schwab, where she shapes the firm's market and economic outlook for millions of investors. A widely cited voice on Wall Street for decades, she joins Phil Rosen on Full Signal to discuss the AI earnings boom, the inflation-vs-deflation debate, bubble signals, and why AI supply constraints could matter more than demand. TIMESTAMPS:0:00 - AI circular financing2:36 - Tech stocks getting cheaper4:21 - Inflation changing valuations5:02 - Iran and rising inflation7:12 - AI both inflationary & deflationary7:44 - Expectations bubble11:57 - Market leadership14:43 - Compute and energy19:05 - AI and labor market23:13 - What makes a bubble?25:46 - Complacency and gambling31:36 - Sentiment vs. hard data38:44 - How we'll be wrong on AI

    40 min

  3. 2d ago

    SpaceX IPO will SHATTER the stock market?! | James Seyffart

    James Seyffart is a senior research analyst with Bloomberg Intelligence. He joins Phil Rosen on Full Signal to unpack the SpaceX IPO and the secret index committee that decided its fate, prediction markets and gambling filtering into the stock market, bitcoin's bear market, and more. This episode is sponsored by Public: https://public.com/openingbell Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - Why SpaceX skips S&P 500 3:28 - Inside the index committee 5:05 - Unpacking the SpaceX IPO 11:03 - Top-heavy index problem 13:13 - Could SpaceX drain liquidity? 17:22 - Retail enthusiasm for SpaceX 18:39 - Leveraged single-stock ETF frenzy 23:16 - Prediction market ETFs 28:35 - Bitcoin bear market 31:20 - Bitcoin basis trade 36:38 - What investors get wrong Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. #podcast #investing #markets #macro #stocks #bitcoin #fed

    40 min

  4. Jun 4

    4 trades to BUY NOW for the 2026 macro cycle! | Eric Wallerstein

    Eric Wallerstein is the chief macro strategist for Clocktower Group, and was previously an advisor to Stephen Miran at the Federal Reserve Board as well as at the White House Council of Economic Advisors. He joins Phil Rosen on Full Signal to discuss how to trade against the current macro backdrop, betting on US exceptionalism and fading Europe, and being right early on the the Iran conflict. This episode is sponsored by Public: https://public.com/openingbell Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - Kevin Warsh's Fed regime 1:08 - Where rates go from here 3:46 - US dollar bull case 5:04 - The US banks trade 8:19 - NATO breakup thesis 12:01 - Steelman case for Europe 13:28 - Poland, Norway, Sweden trade 15:52 - The 2 Europes trade 20:50 - US exceptionalism and Iran 31:56 - Working with Fed Governor Miran Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. #podcast #investing #markets #macro #stocks #bitcoin #fed

    35 min

  5. Jun 3

    Wall Street is IGNORING this red flag in markets! | Sonali Basak

    Sonali Basak is the chief investment strategist at iCapital. She joined Phil Rosen on Full Signal to discuss the leading indicators in private markets for stocks, the AI infrastructure buildout, red flags for investors, and the historic IPO boom led by SpaceX. This episode is sponsored by Public: https://public.com/openingbell Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - Private markets' hidden signal 2:27 - AI up, software down 3:33 - Software loan squeeze 6:32 - SpaceX, OpenAI, Anthropic 9:12 - Snowflake vs Databricks 15:13 - Hyperscaler cash flows 18:13 - Everyone is overweight AI 21:52 - Financials look cheap 29:35 - Highest-conviction call Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. #podcast #investing #markets #macro #stocks #bitcoin #fed

    33 min

  6. Jun 2

    4 stocks to BUY NOW as AI takes OVER! | Lou Basenese

    Lou Basenese is a veteran market strategist and the founder of The Big Skinny. He joins Phil Rosen on Full Signal to discuss the SpaceX IPO, Tesla, small-cap biotech stocks, and under the radar stock picks. This episode is sponsored by Public: https://public.com/openingbell Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - SpaceX IPO Hype 0:53 - Valuation And Merger Talk 3:08 - Space Stocks Hype Cycle 4:06 - Finding Space Suppliers 5:18 - AI Transforms Biotech 7:31 - Best Biotech Exposure 9:14 - GLP 1 Long Term Risks 12:24 - Small Cap Biotech Picks 14:50 - Energy Refiners Trade 17:25 - Teradyne AI Pick 19:13 - Barbell Investing Wrap 19:56 - Where To Follow Lou Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. #podcast #investing #markets #macro #stocks #bitcoin #fed

    20 min

  7. May 26

    This is how AI BREAKS the stock market! | Gina Martin Adams

    Gina Martin Adams is the chief market strategist for HB Wealth. She joins Phil Rosen on Full Signal to discuss the under-appreciated risks of the $1 trillion AI capex and infrastructure buildout, stocks and bonds de-coupling, the winning and losing sectors, hidden inflation headwinds, and more. This episode is sponsored by Public: https://public.com/openingbell Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - Stock-Bond Correlation breaking 1:59 - Turning cautious on stocks 4:51 - Semiconductor bubble? 6:52 - Nvidia earnings 9:17 - Hyperscaler spending driving inflation 12:48 - AI productivity vs. inflation 15:29 - How the Fed solves inflation 17:12 - Mag 7 free cash flow falling 20:42 - Mag 7 breaking apart 22:56 - New market leadership 24:49 - IPOs risk entire bull market 28:32 - Investing vs. gambling 30:43 - Wrong calls and finding value Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. #podcast #investing #markets #macro #stocks #bitcoin #fed

    35 min

  8. May 21

    Lyft CEO on RoboTaxis, Uber and why investors MISPRICE the stock!

    Lyft CEO David Risher joins Phil Rosen on Full Signal to unpack why Lyft stock has underperformed, competing with Uber, whether he would entertain an acquisition from Google or Tesla, how autonomous vehicles impact Lyft's business, and more. This episode is sponsored by Public: https://public.com/openingbell Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - Intro 0:46 - Lyft stock is down 32% 1:47 - Wall Street mispricing the stock 2:52 - Self-driving cars 4:23 - Fleet management edge 8:09 - Does Tesla break Lyft's moat? 9:36 - 50 million riders and distribution 12:44 - Partnership playbook 15:15 - Owning a car vs. Lyft 17:04 - Taking Lyft private 18:28 - Acquisition by Tesla or Google? 22:16 - Will AI replace all drivers? 26:28 - Why CEO still drives Lyft rides 28:38 - Strategic regrets as CEO 34:59 - Leaving a legacy at Lyft Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. #podcast #investing #markets #macro #stocks #bitcoin #fed

    38 min
See All (74)

4.8
out of 5
18 Ratings

About

Financial markets and economic data explained through interviews with Wall Street's smartest investors, hosted by award-winning journalist and author Phil Rosen, who is the chief market strategist for ProCap Financial and the co-founder and CEO of Opening Bell Media.

Information

  • Creator
    Phil Rosen
  • Years Active
    2025 - 2026
  • Episodes
    74
  • Rating
    Clean
  • Copyright
    © Phil Rosen
  • Show Website
    Full Signal

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