Squawk on the Street SOTS 2nd Hour: Navigating Crypto, 2026 Commodity Picks, & The AI Arms Race (Apple, Amazon, & OpenAI news) 12/2/25
6 snips
Dec 2, 2025 Tom Farley, CEO of crypto trading platform Bullish and former NYSE President, dives into Bitcoin's volatility and the increasing institutional adoption of cryptocurrency. Bart Mellick, Global Head of Commodity Strategy at TD Securities, shares insights on the 2026 outlook for gold, platinum, and palladium, arguing for better bets in metals. Seema Modi delivers the latest global headlines, touching on geopolitical developments. Together, the guests explore the intersection of AI advancements with the cryptocurrency and commodities markets.
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Episode notes
Bias Toward Tech, But Diversify
- Keep a biased allocation toward mega-cap tech but diversify into undervalued sectors like healthcare and small caps.
- Maintain exposure to small caps as rotations can happen quickly and are hard to time.
Gold's Diversification Role Intact
- Gold remains a diversification asset that often gains when both stocks and bonds fall.
- Central bank buying and retail inflows support further structural upside in gold.
AWS Needs Credible AI Stack
- Amazon faces a pivotal test to prove it has a full-stack AI offering beyond reselling NVIDIA chips.
- In-house silicon credibility matters for defending cloud margins and winning AI contracts.