Zero Sum

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Zero Sum is a weekly markets and finance podcast from Invezz. Each episode, Harsh, Lead News Editor at Invezz, sits down with analysts and investors to break down one big idea shaping global markets — from geopolitics and earnings to IPOs and everything in between. No noise, no filler. Just sharp analysis on the trades, the trends, and the people moving money. Because in markets, for every winner there's a loser. This is Zero Sum.

  1. -3 j

    Market News: The return of the "debasement trade" | Alexander Lis, SDV

    What happens when a routine Treasury debt operation sends gold and Bitcoin higher, while the dollar weakens? Is the market seeing a genuine return of the “debasement trade”, or are investors reading too much into a change in how the US government manages its debt?On August 19, the US Treasury announced it would double the size of its long-term debt buybacks. Within days, gold was making three-month highs and Bitcoin had jumped more than 20%. But a Treasury buyback is not the same thing as quantitative easing, and understanding that distinction is key to understanding what markets are actually pricing in.In this episode of Invest Zero Sum, Harsh V sits down with Alexander Lis, Chief Investment Officer at SDV, to unpack the debasement trade, Treasury buybacks, QE, inflation, interest rates and what the latest moves could mean for gold, Bitcoin, crypto and stocks.Find out more about Alexander & his work with SDV here: https://sdventures.ai/### In this episode:🔹 **What is the debasement trade?** Alexander explains what investors actually mean when they talk about debasement and why the narrative has become so popular.🔹 **Is a Treasury buyback the same as QE?** We break down the difference between Treasury debt management and quantitative easing, including how the operations are funded.🔹 **Why did gold and Bitcoin jump?** If no new money is entering the system, why did markets react so strongly?🔹 **Is the crypto rally real?** We look at positioning, volatility and whether Bitcoin and other crypto assets could give back their gains if the current sentiment fades.🔹 **What happens if the debasement trade unwinds?** Alexander explains why crypto could face the most pain, while gold and growth stocks could also be affected.🔹 **What should investors watch next?** From the September FOMC meeting and August CPI to the next Treasury Quarterly Refunding Announcement, we discuss the events that could shape the next move in markets.Alexander also reveals what he is currently **bullish, bearish and watching as his wild card**, before discussing how he switches off from the world of finance, markets and news.CHAPTERS:00:01:42 What exactly is the debasement trade?00:03:28 Is a Treasury buyback the same as QE?00:05:13 Why did gold and Bitcoin jump?00:07:53 Is the crypto rally actually real?00:09:12 What happens to rates and the dollar next?00:10:35 Could the US become the next Japan?00:12:05 What trade gets crushed if debasement unwinds?00:13:26 What should investors watch before the buybacks start?00:14:29 What will the Fed do next?00:16:06 Why does monetary policy matter to everyone?00:17:33 What are you bullish, bearish and watching?00:19:19 How does a CIO switch off?00:22:00 The final takeawayMusic from Uppbeat:License code: Q9GELZCLZH1PWACEDISCLAIMER:The information discussed in this episode is for educational and informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult a qualified financial professional before making investment decisions.#Investing #Trading #Gold #Bitcoin #Crypto #Stocks #Finance

  2. 1 sept.

    AI Investing: Before You Let AI Manage Your Portfolio | Bruce Keith, InvestorAi

    AI is rapidly changing the way people invest, but should you really let an AI decide what happens to your money? With AI-powered investing tools becoming increasingly accessible to retail investors, the question is no longer whether AI can analyse markets — but whether it can be trusted to make investment decisions.In this episode of Zero Sum, Harsh speaks with Bruce Keith, CEO and co-founder of InvestorAi, about how artificial intelligence is changing investing, why most people are using ChatGPT and other large language models incorrectly when picking stocks, and how AI can identify patterns that would be impossible for a human investor to process. They discuss the evolution from traditional quantitative and symbolic AI to neural networks, computer vision and modern AI-driven investment platforms.They also explore how much control investors should give AI, why transparency and track record matter, what investors should look for before trusting an AI-powered portfolio with real money, and whether regulators are keeping pace with the rapidly changing investment landscape. Bruce explains why he believes AI is particularly powerful for short-term decisions, while humans remain better suited to longer-term investment decisions.The conversation also looks at the future of automated investing, including AI-driven risk controls, auto-execution, AI systems inside banks and financial institutions, and the wider impact of AI on jobs and society.Plus, Bruce reveals his bullish, bearish and wildcard picks — including Indian infrastructure and JSW Steel, US leadership, and why his wildcard might be listening to the younger generation.CHAPTERS[00:00] - Can AI Really Pick Stocks?[02:27] - How Did AI Investing Begin?[04:35] - Symbolic AI vs Neural Networks[07:02] - Are People Using ChatGPT Wrong for Investing?[08:09] - What Is AI Actually Good At?[09:41] - How Does InvestorAI Pick Stocks?[13:25] - Can Retail Investors Access AI Investing?[14:29] - Why Knowing When to Sell Matters[15:50] - Is AI Better at Short-Term Investing?[18:00] - Should You Use AI and Humans Together?[19:54] - How Much Control Should AI Have?[22:36] - Can You Trust an AI With Your Money?[24:39] - Why Does Transparency Matter?[26:13] - How Should You Measure an AI Investment Tool?[27:15] - Are Regulators Keeping Up With AI?[29:19] - Who Is Responsible When AI Gets It Wrong?[30:44] - Where Is AI Investing Heading?[31:21] - AI Inside Banks and Financial Institutions[32:35] - Will AI Start Trading Automatically?[33:45] - How Much Risk Should AI Take?[34:11] - Will AI Take People's Jobs?[35:44] - The One Question Investors Should Ask[37:28] - Bruce's Bullish, Bearish & Wildcard Picks[37:45] - Bullish: Indian Infrastructure & JSW Steel[38:55] - Bearish: US Leadership[39:19] - Wildcard: Should Investors Listen to the Youth?[40:47] - Life in Mumbai & How Bruce De-stresses[42:33] - Football, Cycling & Life in IndiaFind out more about Bruce Keith and InvestorAi here: https://investorai.inMusic from Uppbeat: License code: Q9GELZCLZH1PWACEThe content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.#AI #Investing #ArtificialIntelligence

  3. 21 août

    The resurgence of AI stocks | David Morrison, Trade Nation

    The AI trade has gone from a brutal semiconductor sell-off to record highs in just weeks. But with NVIDIA approaching earnings, Micron selling out its HBM capacity, and billions of dollars flowing between companies across the AI ecosystem, is the AI boom built on real earnings growth, or are investors looking at a circular AI economy?In this episode of Zero Sum, Harsh speaks with David Morrison, Senior Market Analyst at Trade Nation, about the semiconductor stock rally, NVIDIA's upcoming earnings, Micron's AI chip demand, and whether the enormous spending on AI infrastructure can continue.They also discuss Michael Burry's concerns about NVIDIA's financing arrangements, NVIDIA's investment in SpaceX, SpaceX's IPO and share lockups, hyperscaler spending, AI stocks, leverage and risk management. Plus, David reveals his bullish outlook for gold and silver, his bearish view on oil, and his wildcard for the US dollar.In this episode:NVIDIA and AI stocks: What investors should watch ahead of NVIDIA's upcoming earnings, including margins, guidance and customer demand.The semiconductor sell-off: Why semiconductor stocks fell sharply before staging a major recovery.Micron and HBM demand: Why Micron has sold out its high-bandwidth memory capacity and what this says about AI chip demand.Is AI spending actually paying off?: Whether the huge investment in AI infrastructure is translating into real earnings and revenue growth.Michael Burry's NVIDIA warning: Why Burry has raised concerns about circular financing in the AI ecosystem.The circular AI economy: Are AI companies increasingly investing in one another and creating a cycle of capital across the sector?NVIDIA and SpaceX: What NVIDIA's investment in SpaceX tells us about the increasingly interconnected AI investment landscape.SpaceX stock and lockups: Why SpaceX's share price fell after its IPO and what upcoming share lockups could mean for investors.AI infrastructure spending: Why hyperscalers are increasingly turning to debt and other sources of capital to fund the AI boom.AI stock risk management: What investors holding NVIDIA, Micron and other technology stocks should consider as volatility increases.The AI bubble debate: Could the current AI boom eventually resemble the dot-com bubble, or are we still in the early stages of a transformative technology?Gold and silver: Why David is bullish on precious metals and believes gold and silver could have further upside.Oil: Why David is bearish on oil despite ongoing geopolitical uncertainty.The US dollar: David's wildcard for investors and why he believes the dollar could rally.CHAPTERS:00:00 - Is the AI Trade Back?02:40 - Why Did Semiconductor Stocks Crash?05:29 - Is AI Spending Actually Paying Off?06:02 - Why Is Micron Selling Out Its HBM Capacity?08:29 - Could AI Chips Become Obsolete?10:11 - What Should Investors Watch in NVIDIA's Earnings?12:02 - Is Michael Burry Right About NVIDIA?14:12 - Why Is NVIDIA Investing in SpaceX?15:00 - Is the AI Economy Becoming Circular?18:43 - What Happened to SpaceX Stock?19:55 - What Is a Stock Lockup?23:03 - How Much Is AI Infrastructure Really Costing?24:20 - When Should Investors Sell AI Stocks?26:57 - How Risky Are AI Stocks?27:12 - Should You Use Leverage When Trading AI Stocks?28:01 - Is Gold About to Rally?28:40 - Is Silver the Next Big Trade?29:26 - Why Is David Bearish on Oil?31:07 - Could the US Dollar Rally?31:53 - David Morrison's Bullish, Bearish and the Wildcard picks.Find out more about David Morrison and Trade Nation here: https://tradenation.com/Music from Uppbeat: License code: Q9GELZCLZH1PWACEThe content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.#AI #NVIDIA #investing

  4. 17 août

    US' mideast troubles, China relations | Anita Kellogg, Kellogg's Global Politics

    America is fighting a prolonged war with Iran while simultaneously trying to reset relations with its biggest strategic rival, China. In this episode of Zero Sum, Harsh speaks with Dr. Anita Kellogg, an international relations scholar and host of Kellogg’s Global Politics, about what the Iran conflict means for US military power, how the Strait of Hormuz gives Iran unexpected leverage, and whether China is benefiting from America’s strategic overstretch. We also discuss the upcoming Trump–Xi summit, critical minerals, semiconductors, AI, Taiwan, and what all of this could mean for investors navigating an increasingly unpredictable geopolitical landscape. CHAPTERS: 00:00 - What's Happening in the Iran War?02:18 - Is America Still the World's Biggest Superpower?03:35 - What Are America's Goals in the Iran War?04:27 - How Is Iran Able to Fight the US?06:53 - Why Is the Strait of Hormuz So Important?07:50 - How Is the Iran War Affecting the US Economy?09:08 - Is America Losing Its Military Power?10:56 - Is China Benefiting From the Iran War?12:27 - Will Trump and Xi Jinping Meet?13:41 - Is the US-China Relationship Getting Weaker?13:46 - Why Are Rare Earth Minerals So Important?15:31 - What Does China Want From the US?16:18 - Could China Take Taiwan?18:25 - How Will AI Affect US-China Relations?18:48 - Why Are Critical Minerals Important for AI?19:00 - Why Are Semiconductor Chips So Important?21:29 - How Does Geopolitics Affect Your Investments?22:16 - How Should Investors Invest During Geopolitical Uncertainty?23:00 - Will Oil Prices Keep Rising?23:00 - Is There an AI Stock Market Bubble?23:51 - Anita Kellogg's Bullish, Bearish and Wildcard24:05 - When Will the Iran War End?24:21 - Are Defense Stocks a Good Investment? Find out more about Anita Kellogg and Kellogg's Global Politics here: Find out more about Anita Kellogg and Kellogg's Global Politics here: https://www.kelloggsglobalpolitics.com/ The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here. Music from Uppbeat: License code: Q9GELZCLZH1PWACE #geopolitics #investing #worldaffairs

  5. 7 août

    Who will survive the next crypto cycle | Eamonn Gashier, Block Scholes

    Block Scholes reads institutional crypto sentiment for a living, and right now the market's own risk gauges are flashing something more interesting than the headline price chart.Eamonn Gashier, the man who built that gauge, joins Zero Sum to talk fear, tokenisation, and why every exchange on earth suddenly wants to sell you a stock.CHAPTERS:00:00 - What's Happening in the Crypto Market in 2026?01:34 - Is Bitcoin's Drop Normal or the End of the Cycle?03:05 - Where Did Retail and Institutional Crypto Capital Go?04:45 - What Does Blockscholes' Risk Sentiment Index Measure?06:20 - What Is Blockchain and Why Does It Matter Now?09:30 - Why Do Some Tokens Survive While Others Don't?11:00 - What Does Market Sentiment Indicate for the Next Cycle?13:30 - Will Tokenization Be Bigger Than Cryptocurrencies?16:20 - What Are Vaults and Why Will They Be a Trend?18:30 - Do Prediction Markets Work Better Than Polls?21:30 - How Do Government Policies Affect Crypto?24:00 - What Should the UK Do to Lead in Crypto?26:30 - How Will On-Chain Trading Change Traditional Markets?31:00 - What's Eamonn Gashier's Most Bullish, Bearish, and Wildcard Pick?Find out more about Eamonn and Block Scholes here: https://www.blockscholes.comThe content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.#investmentnews #bitcoin2026 #bitcoinanalysis

  6. 24 juil.

    The club nobody asked for, but everyone wants in | Wajeeh Khan, Stock Market Analyst

    Apple was the first. That was 2018. Now there are 14 members — and SpaceX is knocking on the door at nearly $2 trillion. In this episode of Zero Sum, I sit down with Wajeeh Khan, stock market analyst at Invezz, to break down what it actually takes to crack the Trillion Dollar Club, why AI is rewriting the rules of market valuation, and what happens when a dozen mega-cap giants are all fighting for the same chips, the same power, and the same investor dollars. CHAPTERS:00:00 - Welcome: Podcasting Is Harder Than It Looks01:00 - The Trillion Dollar Club: From 1 to 14 Members02:00 - Greetings From Baku (And How Many Zeros in a Trillion?)03:30 - What Changed? AI Reshuffled the Leaderboard05:30 - OGs, Reinvented & AI-Natives: The Three Buckets08:15 - Nvidia: From Gaming Cards to Trillions12:45 - The $700 Billion Build-Out: What Are Hyperscalers Buying?15:30 - Why Chip Shortages Make Stocks Go Up17:40 - CapEx Tripled: When Is It Too Much?20:20 - SpaceX at $1.75 Trillion: The Bull Case (And What They Hope You Miss)26:45 - Anthropic's Trillion-Dollar IPO: Is Enterprise Enough?29:45 - Can Wall Street Absorb $3 Trillion in New Supply?32:10 - Bullish, Bearish & Wildcard Featuring Wajeeh Khan - follow him on LinkedIn here: https://www.linkedin.com/in/wajeehkhan93/ The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here. #SpaceX #MarketNews #Investing

  7. 17 juil.

    Why everyone's so nervous about AI stocks | Dr. Richard L. Peterson

    Everyone's calling this an AI bubble — but is it actually one, or are we all just panicking because Michael Burry made a bet? This week, I sit down with Dr Richard Peterson, the behavioural economist behind MarketPsych (once dubbed "Wall Street's top psychiatrist" by the AP), to actually measure the psychology behind the AI trade instead of just vibing about it. We get into why sentiment data has been sliding since October, why this bubble is more "sober" than dot-com (spoiler: these companies actually make money), what really happened when Burry's Nvidia and Palantir puts went public, and why companies outside AI are getting punished for not having an AI story to tell. Then we go somewhere most bubbles take a skip entirely: the layoffs. AI was cited in roughly 40% of all US job cuts in May 2026 — the highest share on record — and Gartner's own research found no link between those cuts and any actual return on investment. So is this discipline, or just a story markets want to hear? 00:00 Why Markets Crash00:43 AI Hype And Bubble Risk01:43 Nvidia Shock And Guest Intro02:58 How Sentiment Data Works04:56 AI Sentiment Cycles Since ChatGPT06:10 Dotcom Parallels And Competition09:42 Speculation Signs And IPO Liquidity11:58 Influencers And Herd Psychology15:09 Winners Losers In AI Supply Chain17:22 Jobs Narrative And Real Data19:54 Are We In A Bubble22:03 Bullish Bearish Wildcards23:13 Wrap Up And Post Chat

  8. 3 juil.

    Is Britain Broken? Decoding Starmer's Exit and What Comes Next | David Morrison, Trade Nation

    Britain just lost another Prime Minister. Keir Starmer resigned on 22 June 2026 — less than two years after winning one of Labour's biggest ever election landslides — making him the sixth Prime Minister to leave Downing Street in under a decade. Andy Burnham, the former Mayor of Greater Manchester, is almost certain to be next. In this episode, Invezz Lead News Editor Harsh Vardhan sits down with David Morrison, Senior Market Analyst at Trade Nation, to ask the harder question: is Britain actually broken? Not as a vibe — as a structural economic problem. The pound is down. The FTSE chronically underperforms. HS2 started at £32 billion in 2011 and is now heading toward £103 billion, won't open until 2039, and was originally supposed to launch this year. Meanwhile, the US and China are pouring hundreds of billions into AI, and Britain is watching from the sidelines. 00:00 - Intro01:05 - Welcome: Starmer Resigns03:10 - Is Britain Actually Broken?06:45 - Starmer's Torrid Time08:55 - What Does Foreign Money Think?10:40 - Larry the Cat: Britain's Most Stable Politician11:45 - Why Didn't the Markets Flinch?13:50 - Why Are Americans Obsessed With British Politics?16:25 - Is the UK Falling Behind on Tech?19:10 - What Will Andy Burnham Actually Do?20:30 - Bullish, Bearish & Wildcard The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

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À propos

Zero Sum is a weekly markets and finance podcast from Invezz. Each episode, Harsh, Lead News Editor at Invezz, sits down with analysts and investors to break down one big idea shaping global markets — from geopolitics and earnings to IPOs and everything in between. No noise, no filler. Just sharp analysis on the trades, the trends, and the people moving money. Because in markets, for every winner there's a loser. This is Zero Sum.

Informations

  • Création
    Invezz
  • Années d’activité
    2026
  • Épisodes
    13
  • Classification
    Tous publics
  • Copyright
    © Invezz
  • Site web de l’émission
    Zero Sum