Prof G Markets

Scott and Ed open the show by discussing Omnicom’s acquisition of Interpublic, an update on the TikTok ban, and OpenAI’s new ChatGPT pro subscription. Then Tom Lee, the co-founder, managing partner and head of research at Fundstrat Global Advisors, joins the show to discuss his outlook for 2025, including why the S&P might hit 7,000 next year before retreating in the second half. He explains why he thinks small and mid-cap stocks will be successful, and why he believes the dollar could maintain dominance in a more Bitcoin friendly world. Tom also breaks down the potential downsides of AI, tariffs, and the Department of Government Efficiency.  Order "The Algebra of Wealth," [https://a.co/d/bMY25GC] out now Subscribe to No Mercy / No Malice [https://www.profgalloway.com/] Follow the podcast across socials @profgpod: * Instagram [https://www.instagram.com/profgpod/] * Threads [https://www.threads.net/@profgpod] * X [https://twitter.com/ProfGPod] * Reddit [https://www.reddit.com/user/profgpod/] Follow Scott on Instagram [https://www.instagram.com/profgalloway/?hl=en] Follow Ed on Instagram [https://www.instagram.com/ed_elson_/] and X [https://x.com/edels0n?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor] Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

Scott and Ed open the show by discussing Saleforce’s earnings, Meta’s venture into nuclear energy, and the killing of UnitedHealthcare CEO Brian Thompson. Then Scott breaks down Amazon's decision to build a supercomputer, explaining why it’s a win for shareholders and a potential game-changer for reducing AI infrastructure costs. Ed explains why he thinks Amazon could be one of the first companies to truly disrupt the semiconductor market. Finally, they discuss OpenAI’s decision to go into livestreaming and explain what its surge in popularity could mean for the future of content creation.  Order "The Algebra of Wealth," [https://a.co/d/bMY25GC] out now Subscribe to No Mercy / No Malice [https://www.profgalloway.com/] Follow the podcast across socials @profgpod: * Instagram [https://www.instagram.com/profgpod/] * Threads [https://www.threads.net/@profgpod] * X [https://twitter.com/ProfGPod] * Reddit [https://www.reddit.com/user/profgpod/] Follow Scott on https://www.instagram.com/profgalloway/?hl=enInstagram [https://www.instagram.com/profgalloway/?hl=en] Follow Ed on https://www.instagram.com/ed_elson_/Instagram [https://www.instagram.com/ed_elson_/] and  [https://x.com/edels0n?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor]X [https://x.com/edels0n?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor] Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

Scott and Ed open the show by discussing the resignation of Intel’s CEO, Trump’s tariff threat to the BRICS nations, and a Delaware judge’s decision to reaffirm her ruling against Elon Musk’s $50 billion pay package. Then Michael Saylor, the founder and executive chairman of MicroStrategy, joins the show to discuss why MicroStrategy went all in on Bitcoin and how the company is securitizing the cryptocurrency. He explains why MicroStrategy pivoted from a business intelligence firm to a Bitcoin treasury company. Finally, he addresses the risk of that strategy, and why he’s confident in Bitcoin’s ability to stay interesting.  Order "The Algebra of Wealth," [https://a.co/d/bMY25GC] out now Subscribe to No Mercy / No Malice [https://www.profgalloway.com/] Follow the podcast across socials @profgpod: * Instagram [https://www.instagram.com/profgpod/] * Threads [https://www.threads.net/@profgpod] * X [https://twitter.com/ProfGPod] * Reddit [https://www.reddit.com/user/profgpod/] Follow Scott on Instagram [https://www.instagram.com/profgalloway/?hl=en] Follow Ed on Instagram [https://www.instagram.com/ed_elson_/] and X [https://x.com/edels0n?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor] Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

Scott breaks down the best and worst purchases he’s ever made, and why he prefers spending money on experiences rather than things. He also shares how his childhood still impacts the way he thinks about spending. Scott and Ed then discuss how to navigate spending in common situations such as dinners with friends, weddings, and the holidays. Ed asks for advice about how to prepare for the cost of having children. And Scott also explains why it's important to make sure your spending lags behind your income.  Order "The Algebra of Wealth," [https://a.co/d/bMY25GC] out now Subscribe to No Mercy / No Malice [https://www.profgalloway.com/] Follow the podcast across socials @profgpod: * Instagram [https://www.instagram.com/profgpod/] * Threads [https://www.threads.net/@profgpod] * X [https://twitter.com/ProfGPod] * Reddit [https://www.reddit.com/user/profgpod/] Follow Scott on Instagram [https://www.instagram.com/profgalloway/?hl=en] Follow Ed on Instagram [https://www.instagram.com/ed_elson_/] and X [https://x.com/edels0n?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor] Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

Scott and Ed open the show by discussing the Justice Department’s proposed forced sale of Google Chrome, how Microstrategy is funding its Bitcoin buying spree, and Nvidia’s earnings. Then Scott breaks down why Target is still struggling to compete with Walmart and explains why it’s a prime candidate for a leveraged buyout. He and Ed also analyze Walmart's formula for long-term success. Finally, they discuss Comcast’s decision to spin off some of its cable tv networks and consider why distressed assets are a good investment.  Order "The Algebra of Wealth," [https://a.co/d/bMY25GC] out now Subscribe to No Mercy / No Malice [https://www.profgalloway.com/] Follow the podcast across socials @profgpod: * Instagram [https://www.instagram.com/profgpod/] * Threads [https://www.threads.net/@profgpod] * X [https://twitter.com/ProfGPod] * Reddit [https://www.reddit.com/user/profgpod/]  Follow Scott on https://www.instagram.com/profgalloway/?hl=enInstagram [https://www.instagram.com/profgalloway/?hl=en] Follow Ed on https://www.instagram.com/ed_elson_/Instagram [https://www.instagram.com/ed_elson_/] and  [https://x.com/edels0n?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor]X [https://x.com/edels0n?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor] Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]