Neal Freiman

speaker

14,692 appearances 180 recordings 1 series first heard Nov 2024 last heard 11 Jun

Neal Freiman’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 42 in all, peaking in Feb 2026 with 9.

Appearances

newest first · ▶ plays the moment

Morning Brew Daily · S&P 500’s Worst Day of the Year & GLP-1s Are Costing Retailers in Returns · 8 Jun 2026 podcast

So the S&P 500 rose more than 11% this year through the end of May.

But...

exclude AI-related stocks, and the gains were just 2.4%.

So when Ray Dalio and other big investors say, whoa, the market's really narrow, it's really concentrated among a few names, then that's where you get these concerns.

And I know we talk about various monikers for the stock market, but there's a new one that's come to the fore to describe this new cohort of AI winners.

It's called the Parabolic 7, AMD, Broadcom, Dell, Intel, Marvel, Micron, and Sandisk.

Those go up, then it's going to bring up the S&P 500 all the way and the Nasdaq as well.

But those go down as they did on Friday over some jitters from Broadcom earnings and also Google raising $80 billion from the equity market to fund AI plans.

Then you're going to see a big wipeout like we saw last week.

And you can't discount the job market numbers because that was another catalyst, maybe even a bigger catalyst for the sell-off on Friday.

As I mentioned, we got a huge blowout number.

I mean, 172,000 jobs in May.

There were 80,000 that were forecast, so more than double.

Job market seems very strong.

The unemployment rate held at four point three percent.

But yes, it was a case of good news equals bad news, because when you get a strong jobs number like we got and also revisions for high upward revisions for the previous few months, then the Fed under new Fed chair Kevin Warsh is thinking, well,

I don't really have any reason to cut rates.

And in fact, swaps, investors are now fully pricing in a rate increase by the end of 2026 because inflation is more of a concern than a weaker jobs report or the weaker jobs numbers.

So that was a huge catalyst for the sell-off.

Showing 241–260 of 14,692 · page 13 of 735