The Julia La Roche Show

George Noble, CIO of Noble Capital Advisors and former research assistant to Peter Lynch, lays out a 2026 playbook. He talks rotation away from bonds and dollar assets. He argues gold and gold miners are primed for big gains. He favors energy, foreign markets, small caps, and equal-weight strategies while warning that speculative AI mania may be fading.

Alex Gurevich, founder and CIO of HonTe Investments and author of The Next Perfect Trade, is a macro and fixed-income trader known for interest-rate strategies. He argues zero interest rates are plausible and warns of hidden labor-market weakness. He makes a deflation-first case, debates fiscal limits, declares the long bond bull market over, and flags AI’s huge future energy demands.

In this week's episode of The Wrap, Chris Whalen breaks down President Trump's nomination of Kevin Warsh as Fed Chair, calling him "the only choice" and a "classic hawk" who won't be afraid to lecture Congress on the link between deficits and inflation — something no Fed chair has done in 30 years. Chris explains why Warsh will likely shrink the balance sheet while giving Trump one or two rate cuts, and predicts the nomination may actually keep Powell on the board through 2028 just to deprive Trump of another conservative seat. On markets, Chris sees a more boring year ahead after 2025's extraordinary run, with gold and silver due for a 10-15% correction — though the bull market isn't over. He notes that crypto platforms like Hyperliquid are now trading precious metals, signaling money flowing from crypto into the "shiny object that's moving most." Chris also warns that private equity is becoming a major risk, with one in five firms now illiquid or in default, representing hundreds of billions in potential bank losses.Links:    The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/  Inflated book (2nd edition): https://www.barnesandnoble.com/w/inflated-r-christopher-whalen/1146303673Twitter/X: https://twitter.com/rcwhalen    Website: https://www.rcwhalen.com/   Timestamps:0:00 Welcome 1:09 Kevin Warsh nominated as Fed Chair — Chris's reaction 2:15 Warsh will have to build consensus on the FOMC 3:01 Warsh won't be afraid to link deficits and inflation 3:15 Will Warsh be more hawkish? 4:26 Warsh during the financial crisis — what to expect 5:25 The martyrdom of Jerome Powell: Yellen and Powell did too much6:04 Hard decisions the market won't like 6:15 A conservative Fed puts pressure back on Congress 7:21 Will Trump like Warsh lecturing on deficits? 7:49 Powell refusing to say if he'll stay as governor 9:32 Is staying on the board political? 10:32 What will Powell's legacy be? 12:09 The state of the Fed's balance sheet: Poor 13:21 Central banks should keep assets short — the Fed didn't 14:15 Powell's comments on the deficit being "unsustainable" 16:08 Markets: S&P briefly hit 7000 17:47 Credit-sensitive stocks under pressure, metals outperforming 18:41 Labor market and layoffs: Amazon, UPS, FedEx 19:19 Personnel costs and inflation 19:42 Gold to $5,600, silver to $110 — correction coming? 20:50 Crypto platforms now trading gold and silver 22:21 Central bank gold holdings now exceed foreign Treasury holdings24:26 Where Chris is putting his money 24:43 WGA 50 bank rankings preview 26:57 Private equity risk: 1 in 5 firms illiquid or in default 28:29 AI companies leveraged to their eyebrows 28:50 Viewer mail: Taking profits on Annaly?32:29 Parting thoughts: Earnings, Warsh, and what's ahead 34:47 Closing

Danielle DiMartino Booth, CEO and Chief Strategist at QI Research and author of Fed Up, offers sharp macro commentary and Fed critique. She argues Powell paused for political reasons and should be cutting rates. She warns unemployment may hit 6% within a year. She also digs into hidden labor stress signals, Buy Now Pay Later strains, and why gold is acting like a meme asset.

Chris Whalen, financial analyst and chairman of Whalen Global Advisors, breaks down Trump’s Davos housing rhetoric and why policy may prop prices rather than cut them. He maps cooling hot markets, predicts a possible 2028 correction, explains why long-term yields can rise even with Fed cuts, and tracks gold’s surge as central banks shift policy toward bullion.

Jim Rickards, a renowned investment advisor and New York Times bestselling author, dives deep into the complexities of the financial landscape. He critiques the mainstream narrative about U.S. economic strategy under Trump, bringing light to innovative tactics like 'Flood the Zone.' Rickards warns of hidden risks in stablecoins and a looming $1 quadrillion derivatives market. He forecasts gold prices soaring to between $10,000 and $25,000 due to central bank demand and dollar devaluation, while also predicting potential fractures within NATO.

Rick Rule, a renowned natural resource investor and co-founder of Battle Bank, shares his insights into the frail state of the global economy. He explains his decision to sell 80% of his physical silver, redirecting funds into silver mining equities. Rick discusses America's staggering liabilities, potential inflation-induced defaults, and the expected impact of AI on jobs. He also critiques the Federal Reserve's influence and outlines the necessity of innovation to tackle fiscal challenges.

Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst, shares his critical insights on the current financial landscape. He argues that the GSE release is politically motivated and discusses crypto as a speculative gamble. Whalen highlights a 2026 risk concerning private equity, labeling it a ticking time bomb for banks. He favors gold over silver for stability and predicts major housing price corrections are needed for affordability. His analysis sheds light on complex financial dynamics and potential market shifts.

Peter Boockvar, Chief Investment Officer at One Point BFG Wealth Partners and author of The Boock Report, shares his insights on the economic landscape. He highlights $60 oil as a key investment opportunity, predicting prices could exceed $70. Peter identifies energy, agriculture, and consumer staples as top sectors for 2026. He discusses the geopolitical implications of Venezuela's oil situation and cautions about the fading AI tech trade. His analysis emphasizes potential shifts in market dynamics and the challenges ahead.

In this insightful discussion, veteran investor Jim Rogers shares why he sold all his U.S. stocks, citing historical market highs and emerging bubble traits. He warns of a looming financial crisis fueled by staggering national debt and expresses skepticism toward extreme market exuberance. While he owns gold and silver, he remains hesitant to buy more at peak prices. Rogers also critiques U.S. actions abroad, particularly towards Venezuela. His stark advice? Young Americans may face significant challenges ahead.