Chapter 1: What is the main topic discussed in this episode?
What's up, everyone?
Chapter 2: What was the impact of the Fed's recent rate cut on the market?
This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp Podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn.
So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube, and tell your friends and family about the podcast. My goal is to help millions learn from the world's most interesting people.
Chapter 3: How did Bitcoin and equities respond to the Fed's decision?
So let's get into today's episode. Anthony Pompliano runs Pomp Investments. All views of him and the guests on his podcast are solely their opinions and do not reflect the opinions of Pomp Investments.
You should not treat any opinion expressed by Pomp or his guests as a specific inducement to make a particular investment or follow a particular strategy but only as an expression of his personal opinion.
Chapter 4: What is the next consensus trade in the market according to Jordi Visser?
This podcast is for informational purposes only. I think right now you've got credit spreads at all time types. You've got the reflation trade going on. I strongly believe PMIs are going higher. And for me, that means that Bitcoin is just kind of whether it stays here between 85 and 92 for another couple of weeks.
When we get into the beginning part of next year, I think we're going to see Bitcoin back above.
Chapter 5: When will AI reach escape velocity and what does that mean?
What's going on, guys? Today, we've got a great conversation with Jordy Visser. As you can tell, I am not in studio, but Jordy is. He's looking great, and he's got great insights for you. In this conversation, we talk about the Fed decision, the rate cut, the impact on Bitcoin and public equities.
Chapter 6: How do open-source and closed-source AI models differ in their impact?
Then we go deep down the AI rabbit hole. What's working? What's not working? Where does he see value accruing? Where does he see opportunity in the market? What should you as an investor be thinking about?
Chapter 7: How are hedge funds currently utilizing AI technology?
And then also, where are the shortages? Where is there risk in the market? And how is Jordy thinking about 2026? All that and more in this conversation.
Chapter 8: What economic transitions are small businesses facing today?
Here is my latest episode with Jordy Visser. All right, Jordy, a great place to start this conversation is obviously... Fed decision this week. I don't think people were very surprised, 25 basis point cut. There was plenty of people who wanted a bigger cut, me included. Obviously, Stephen Myron, he wanted 50 basis points. But there was also two dissents that wanted rates to stay unchanged.
And I think that there's a lot of people pointing to different data sets that say, right now is a very complex time in the U.S. economy. Where should we go? How should the Fed react? What was your takeaway from the Fed's decision and maybe some of Powell's comments after the meeting? Yeah, the actual cut was not a surprise, obviously. The committee had worked our way up to 90 plus percent.
But I think there were a lot of nuances in this that are definitely important for markets. And I think for the messaging side, We talked after the last Fed meeting and I mentioned the fact that Powell has gradually, since really Jackson Hole, been working his way towards this position of labor versus inflation, but at the same time, the progression related to artificial intelligence.
And I think this is, you know, this is... This is an important time in history where we've reached a point where starting in really September through October and now with this most recent meeting, He has basically talked about artificial intelligence and the impact that it's having. Now, at this meeting, I think the most important point that he made was really the focus on the labor side.
You and I have talked about the reality of the labor market being weak. Last week when we spoke, I highlighted the fact that six of the last seven months, we've had negative job creation for small businesses, less than 50 employees in those small businesses. And I think... The Fed has a dual mandate, but they also have to deal with the K-shaped economy.
And the message that came out was, number one, He implied that the non-farm payroll numbers, the one that we pay so much attention to, are likely overstated by about 60,000 jobs. It's a big deal. He also talked about the expectations that inflation was coming down. He talked about the productivity being at the higher level and the fact that we're really not at the AI adoption point yet.
So if you put it all together, It was a dovish press conference, and it was a dovish message that came out. And Bloomberg Intelligence, which kind of goes through it with a fine-tooth comb and takes the statements that are more hawkish, more dovish, according to them, it was the most dovish press conference we've seen since 2021.
So I think on the whole, when you just take the press conference part, it was dovish. But obviously, the other announcement they made, which...
is important for everyone is they acknowledge the fact after saying qt was ending they said they had to start making purchases uh bill purchases will be you know starting at 40 billion and likely be around that number until we get through the uh the tax day in april
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