AI Spending Isn't Peaking—It's Accelerating, Says Argent's Jed Ellerbroek

Jay Hatfield Was Right Again | Negative CPI, Falling Oil & Why Wall Street Keeps Missing the Inflation Story

Did Wall Street get inflation wrong again? On this episode of Hatfield Economics [https://youtube.com/playlist?list=PLf7jplX9ww4qdrubbuKLcOmBZMuYR82Gq&si=w-vUTNjxh16fcGm8], host Todd M. Schoenberger welcomes Jay Hatfield, CEO of Infrastructure Capital Management and CIO of ICAP ETFs, after his bold prediction of a negative monthly CPI reading proved accurate. Jay explains why his monetarist approach continues to outperform the consensus, why collapsing energy prices and slowing shelter inflation point toward lower inflation ahead, and why he believes oil prices could fall below $60 per barrel in the months ahead. The conversation also explores the outlook for banks, regional bank mergers, AI-driven financial sector spending, investment banking activity, and why Jay believes Wall Street economists continue to underestimate disinflationary forces. Plus, Jay provides an update on his new QVOL ETF, discusses its performance versus the Nasdaq, explains its income-focused strategy, and previews an upcoming investor webinar. * Why Jay correctly forecast a negative CPI reading * Oil prices and the path toward sub-$60 crude * Why shelter inflation is finally rolling over * The Federal Reserve and the inflation outlook * Banking earnings and regional bank M&A * AI spending across the financial sector * Why monetarist analysis differs from Wall Street consensus * QVOL ETF performance and dividend strategy * What investors should watch during the second half of 2026 Whether you're an investor, trader, or macroeconomic enthusiast, this episode delivers institutional-level insights into inflation, energy markets, interest rates, and portfolio positioning. 🔗 Website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://biztalktodaytv.com [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbVVQWFBiWk10cmJmS1lfWTU3b2hfTHpCOHQyZ3xBQ3Jtc0tuVzhOMkJ4QmZodlNtSWRZVE1QRVJVajBZZ0xoTlNONDlSZGFyV1FJV245NzFGRm5EQVVoSEZGVS1WR1B1SDRpUHFYZndjbzBVSzY3TkE4dkUzYWR1ZDQxZXRiSWhFSjRONU1qQXRJZjhQMWtnSEdzbw&q=https%3A%2F%2Fbiztalktodaytv.com%2F&v=YI0BcQuSH8M]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📧 Contact on Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠support@biztalktodaytv.com ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📲 Download the Biz Talk Today TV app on Apple & Android devices. 📢 Disclaimer: The views and opinions expressed on this program are those of the hosts and guests and do not necessarily reflect the official policy or position of CrossCheck Media Inc., Biz Talk Today TV (BTT), or their affiliated entities and distribution partners. Content produced by CrossCheck Media across video, audio, and digital platforms is provided for informational and educational purposes only. Nothing presented should be construed as financial, investment, legal, tax, or gambling advice, nor as a recommendation to buy or sell any security, asset, wager, or strategy. All investments and wagers involve risk, including the possible loss of principal or money placed on a bet. Past performance and statistical analysis are not indicative of future results. Viewers and readers are solely responsible for their financial and wagering decisions and should conduct their own due diligence and consult with qualified professionals where appropriate. Sports betting commentary is for informational and entertainment purposes only. Participants must comply with applicable laws and age requirements in their jurisdiction. #HatfieldEconomics #JayHatfield #ToddSchoenberger #Inflation #CPI #FederalReserve #OilPrices #Energy #BankStocks #RegionalBanks #WallStreet #Investing #StockMarket #ICAPETFs #QBALL #MacroEconomics #BizTalkTodayTV Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

AI Spending Isn't Peaking—It's Accelerating, Says Argent's Jed Ellerbroek

Has Wall Street gotten the AI story wrong? While some CEOs question whether artificial intelligence spending has already peaked, Jed Ellerbroek, CFA, Portfolio Manager at Argent Capital Management, says the data points in the opposite direction. On this episode of The Money Path [https://youtube.com/playlist?list=PLf7jplX9ww4qpkCtKwqrK4K91Ml5HtXdu&si=2116v5dpzS13PWHJ], Jed explains why accelerating cloud revenue growth at Microsoft, Amazon, and Google, rising GPU rental prices on AWS, and increasing demand across Nvidia's supply chain all suggest that the AI investment cycle is still gaining momentum. If you're investing in AI, semiconductors, cloud computing, or Big Tech, this is a conversation you don't want to miss. 🔗 Website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://biztalktodaytv.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📧 Contact on Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠support@biztalktodaytv.com ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📲 Download the Biz Talk Today TV app on Apple & Android devices. 📢 Disclaimer: The views and opinions expressed on this program are those of the hosts and guests and do not necessarily reflect the official policy or position of CrossCheck Media Inc., Biz Talk Today TV (BTT), or their affiliated entities and distribution partners. Content produced by CrossCheck Media across video, audio, and digital platforms is provided for informational and educational purposes only. Nothing presented should be construed as financial, investment, legal, tax, or gambling advice, nor as a recommendation to buy or sell any security, asset, wager, or strategy. All investments and wagers involve risk, including the possible loss of principal or money placed on a bet. Past performance and statistical analysis are not indicative of future results. Viewers and readers are solely responsible for their financial and wagering decisions and should conduct their own due diligence and consult with qualified professionals where appropriate. Sports betting commentary is for informational and entertainment purposes only. Participants must comply with applicable laws and age requirements in their jurisdiction. #AI #ArtificialIntelligence #Nvidia #Microsoft #Amazon #Google #CloudComputing #Semiconductors #Investing #Stocks #WallStreet #TheMoneyPath #ToddSchoenberger #JedEllerbroek #ArgentCapitalManagement #TechStocks #AIInvesting #DataCenters #CapEx #Shorts Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Oil, Iran & the Semiconductor Warning | Keith Schneider's Market Roadmap

Are investors ignoring the biggest risks facing Wall Street? On this episode of ⁠Keith's Corner⁠ [https://youtube.com/playlist?list=PLG6amIBGh6SA&si=N4OOYVTGYTfP00I0], host Todd M. Schoenberger sits down with Keith Schneider, CEO and Co-Founder of MarketGauge.com, for a timely discussion on the geopolitical tensions reshaping global markets and the critical technical signals investors need to watch. Keith explains how rising tensions involving Iran, Israel, and the Strait of Hormuz continue to influence oil prices, market sentiment, and global economic expectations. He also breaks down why semiconductors remain the market's most important leading indicator, what Micron's recent price action could be signaling, and why investors should closely monitor Nvidia heading into earnings. The conversation also explores biotech's relationship with semiconductor leadership, potential profit-taking across technology stocks, and why the upcoming CPI report could become the next major catalyst for Wall Street. Topics include: * Middle East tensions and their impact on oil prices * The Strait of Hormuz and global market risk * Israel's stock market as a geopolitical indicator * Why semiconductors remain Wall Street's leadership group * Micron's technical outlook and key support levels * Nvidia's earnings and what traders should watch * Biotech's connection to semiconductor performance * Is the market forming a major top—or preparing for another breakout? * How inflation and the CPI report could reshape investor sentiment * Keith Schneider's roadmap for navigating today's volatile markets Whether you're an active trader or a long-term investor, this episode delivers practical technical analysis and macroeconomic insight into the forces driving today's financial markets. 🔗 Website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://biztalktodaytv.com⁠ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbURmdXBTV0RJSW9ocWQteGZwVVhpUVktLXJvQXxBQ3Jtc0tsX3l2dlNzTEJFaWdEOEtvYXhEQVRLWkdweDFsTDlhRDRvNjB2Y1BXckVGZlI5MG5nRWQ5aDVYTmV3UkRnRktXaVZKUWU2ZHRDXzdMbjNEQVlUdjFSc2k2S3JpOWh4WjBKUGhtVDFkNEF6Q3lWaHo5QQ&q=https%3A%2F%2Fbiztalktodaytv.com%2F&v=PxH4wEcTfJ8]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📧 Contact on Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠support@biztalktodaytv.com ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📲 Download the Biz Talk Today TV app on Apple & Android devices. 📢 Disclaimer: The views and opinions expressed on this program are those of the hosts and guests and do not necessarily reflect the official policy or position of CrossCheck Media Inc., Biz Talk Today TV (BTT), or their affiliated entities and distribution partners. Content produced by CrossCheck Media across video, audio, and digital platforms is provided for informational and educational purposes only. Nothing presented should be construed as financial, investment, legal, tax, or gambling advice, nor as a recommendation to buy or sell any security, asset, wager, or strategy. All investments and wagers involve risk, including the possible loss of principal or money placed on a bet. Past performance and statistical analysis are not indicative of future results. Viewers and readers are solely responsible for their financial and wagering decisions and should conduct their own due diligence and consult with qualified professionals where appropriate. Sports betting commentary is for informational and entertainment purposes only. Participants must comply with applicable laws and age requirements in their jurisdiction. #KeithsCorner #KeithSchneider #ToddSchoenberger #MarketGauge #StockMarket #WallStreet #Investing #OilPrices #Semiconductors #Nvidia #Micron #AI #Geopolitics #MiddleEast #Inflation #CPI #TechnicalAnalysis #Markets #Trading #BizTalkTodayTV Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Jay Hatfield's Bold CPI Call: Negative Inflation Tomorrow?

Could Wall Street be completely wrong about tomorrow's inflation report? On this episode of Hatfield Economics [https://youtube.com/playlist?list=PLf7jplX9ww4qdrubbuKLcOmBZMuYR82Gq&si=W8y0zAHjQn7xYW9k], host Todd M. Schoenberger sits down with Jay Hatfield, CEO of Infrastructure Capital Management and CIO of ICAP ETFs, to discuss one of the boldest macro forecasts on Wall Street. Jay explains why he believes the June CPI report could show a negative month-over-month headline inflation reading, driven by collapsing gasoline prices, lower oil prices, and what he believes is the market's failure to properly account for rapidly changing energy dynamics. Is the Federal Reserve relying on outdated data? Could lower inflation reignite expectations for rate cuts? And what happens if Jay's forecast is right? Topics include: Why Jay expects a negative June CPI print The impact of an 18% decline in gasoline prices Why oil falling toward $60 matters for inflation How the Strait of Hormuz reopening changed the outlook Why the Fed's "data-dependent" approach may be behind the curve What investors should watch after the CPI release Watch Hatfield Economics exclusively on Biz Talk Today TV. 🔗 Website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://biztalktodaytv.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📧 Contact on Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠support@biztalktodaytv.com ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📲 Download the Biz Talk Today TV app on Apple & Android devices. 📢 Disclaimer: The views and opinions expressed on this program are those of the hosts and guests and do not necessarily reflect the official policy or position of CrossCheck Media Inc., Biz Talk Today TV (BTT), or their affiliated entities and distribution partners. Content produced by CrossCheck Media across video, audio, and digital platforms is provided for informational and educational purposes only. Nothing presented should be construed as financial, investment, legal, tax, or gambling advice, nor as a recommendation to buy or sell any security, asset, wager, or strategy. All investments and wagers involve risk, including the possible loss of principal or money placed on a bet. Past performance and statistical analysis are not indicative of future results. Viewers and readers are solely responsible for their financial and wagering decisions and should conduct their own due diligence and consult with qualified professionals where appropriate. Sports betting commentary is for informational and entertainment purposes only. Participants must comply with applicable laws and age requirements in their jurisdiction. #CPI #Inflation #FederalReserve #JayHatfield #HatfieldEconomics #OilPrices #GasPrices #Markets #StockMarket #Investing #Economy #InterestRates #Fed #Macro #WallStreet #BizTalkTodayTV Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

AI Spending Isn't Slowing Down | Nvidia, Microsoft, Apple & the Next Wave of Winners

Is Wall Street underestimating the next phase of the AI investment boom? On this episode of ⁠The Money Path⁠ [https://youtube.com/playlist?list=PLf7jplX9ww4qpkCtKwqrK4K91Ml5HtXdu&si=tvaHY6E-OiysPjcx], host Todd M. Schoenberger welcomes Jed Ellerbroek, CFA, Portfolio Manager at Argent Capital Management, for an institutional-level discussion on artificial intelligence, semiconductors, cloud infrastructure, and where professional investors see the biggest opportunities heading into the second half of 2026. Jed explains why the recent semiconductor rotation may actually be healthy for markets, why AI capital expenditures continue to accelerate, and why upcoming earnings from Microsoft, Amazon, Alphabet, and Meta could provide the clearest signals yet on enterprise AI demand. The conversation also explores Nvidia's long-term outlook, Microsoft's resurgence, Apple's AI roadmap, OpenAI's innovation race, and why companies like United Rentals and Progressive Insurance are quietly benefiting from the AI revolution. Topics include: • Why AI spending continues to accelerate despite market rotation • Nvidia, Microsoft and semiconductor earnings outlook • Cloud CapEx trends from Microsoft, Amazon, Alphabet & Meta • SpaceX's exploding AI infrastructure investments • Why Microsoft remains a long-term institutional favorite • United Rentals and the AI construction boom • Progressive Insurance's technology advantage • Apple's AI strategy, foldable iPhone and OpenAI competition • The AI talent war and Apple's lawsuit against OpenAI • What professional portfolio managers are watching next Whether you're an active trader, long-term investor, or simply fascinated by artificial intelligence, this conversation provides valuable institutional insight into where professional money managers believe the next wave of market leadership is emerging. 🔗 Website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://biztalktodaytv.com⁠ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbUJLMld5YmJ6OVR6X2Zya3d0ZVB3aVFxcVAxd3xBQ3Jtc0ttb090M21iX3VuYXI1OXVmR2ZNWXFWUGdOUURKUV9lYXRpZ3RzTG1nUVRyV1YtMnl4Wm4xUEtadFE5X3lpbXlha1ZoOWxrTU9aNEZ3clg4VmhCOHI2UURGSDc1Wi1qSHVSQTBFY1pjT0ZaajZkeUpiaw&q=https%3A%2F%2Fbiztalktodaytv.com%2F&v=752QahMvSRk]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📧 Contact on Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠support@biztalktodaytv.com ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 📲 Download the Biz Talk Today TV app on Apple & Android devices. 📢 Disclaimer: The views and opinions expressed on this program are those of the hosts and guests and do not necessarily reflect the official policy or position of CrossCheck Media Inc., Biz Talk Today TV (BTT), or their affiliated entities and distribution partners. Content produced by CrossCheck Media across video, audio, and digital platforms is provided for informational and educational purposes only. Nothing presented should be construed as financial, investment, legal, tax, or gambling advice, nor as a recommendation to buy or sell any security, asset, wager, or strategy. All investments and wagers involve risk, including the possible loss of principal or money placed on a bet. Past performance and statistical analysis are not indicative of future results. Viewers and readers are solely responsible for their financial and wagering decisions and should conduct their own due diligence and consult with qualified professionals where appropriate. Sports betting commentary is for informational and entertainment purposes only. Participants must comply with applicable laws and age requirements in their jurisdiction. #TheMoneyPath #ArtificialIntelligence #AI #Nvidia #Microsoft #Apple #Semiconductors #CloudComputing #Investing #StockMarket #WallStreet #PortfolioManagement #TechStocks #OpenAI #MarketOutlook #ToddSchoenberger #JedEllerbroek #ArgentCapitalManagement #BizTalkTodayTV Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]