Thoughtful Money with Adam Taggart

Van Eck's Q2 2026 Market Outlook: Time To Bargain Hunt | Jan van Eck

42 snips
Apr 12, 2026
Jan van Eck, CEO of vanEck and ETF specialist, shares VanEck's Q2 2026 market outlook. He discusses thematic investing, AI capex and why semiconductors may benefit. They cover private credit and BDCs, gold as a fiscal hedge, commodity futures mechanics, India as a secular growth play, and a Q2 shopping list of semis, credit and gold.
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ANECDOTE

VanEck's Token Usage Jumped To Billions

  • VanEck's internal adoption moved from zero to billions of tokens daily after enterprise licenses for OpenAI and Anthropic.
  • Actual token usage reported by Anthropic rose from millions to ~2 billion tokens in days, per Jonathan's data.
INSIGHT

Smarter Agents Lower API Calls Per Task

  • API call counts at VanEck stayed flatter because better agent engineering and more powerful models reduced redundant calls.
  • Jonathan credits caching, fewer loops, and models returning richer results per call for flat API metrics despite more agents.
ADVICE

Budget AI As R&D And Track Headcount Savings

  • Treat AI spending as productive R&D and budget it proactively.
  • Jan says VanEck spends ~$350k/year on OpenAI and similar on Anthropic and finds virtual employees save headcount-equivalent costs.
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