Futures Edge Show: Finance Unfiltered with Jim Iuorio and Bob Iaccino

Mark McNally, Founder and self-described “Chief Nobody” of Nobody Studios (@NobodyCrowd), a platform for building startups that focuses on rapid scalability and digital growth. Mark joins podcast hosts (⁠⁠⁠⁠⁠⁠@jimiuorio⁠⁠⁠⁠⁠⁠) and Bob Iaccino (⁠⁠⁠⁠⁠⁠@Bob_Iaccino⁠⁠⁠⁠⁠⁠) to share insights into the startup landscape, emphasizing the importance of embracing diversity, inclusivity, and global perspectives in building successful ventures. He discusses Nobody Studios' unique approach to startups, focusing on leaner, faster, and more diversified strategies rather than chasing unicorn status. Mark provides glimpses into some of the ventures he's passionate about, such as Avalify, a platform revolutionizing the assessment of intellectual property rights, and the concept of “low code, no code” solutions. He elaborates on the significance of scalability and digital growth in today's business landscape, emphasizing the need for innovative business models. Mark's enthusiasm for entrepreneurship shines through as he shares anecdotes, insights, and his vision for the future of startups. The conversation covers topics such as the evolution of OpenTable, the concept and success of Ovation, the challenges in the investing industry, and the importance of transparency in investing. Takeaways Mark McNally's career has led him to create Nobody Studios, a platform for building startups that focuses on rapid scalability and digital growth. Diversity and inclusion are core values of Nobody Studios, with a belief that the next big innovations will come from a global and diverse perspective. The low code, no code movement is revolutionizing the way software is developed, allowing individuals without coding expertise to create applications and solutions. Thoughtforma, a company within Nobody Studios, enables everyday people to bring their ideas to life and seek validation and feedback from experts. OpenTable started as a reservation platform but evolved into an operating system for restaurants. Ovation is a platform that connects speakers into virtual environments, providing a new way to engage audiences. Investing platforms often focus on gamification and quick profits, neglecting the importance of education and long-term strategies. Controlling emotions and thinking in percentages rather than dollars are crucial in successful investing. Chapters 00:00 Introduction and Chicago Stories 03:00 Nobody Studios and the Journey of Mark McNally 06:06 Mark's First Sabbatical and the Second Half of His Career 09:48 Passion for Startups and the Changing World 13:05 Diversity and Inclusion in Nobody Studios 21:55 Low Code, No Code and Thoughtforma 29:53 OpenTable as a Trojan Horse 31:09 The Potential of OpenTable 32:17 Building Companies and Ownership 33:36 The Karitsu Effect 34:24 Ovation: Connecting Speakers in Virtual Environments 35:16 Crafting the Idea for Ovation 36:09 The Virtual World and Ovation's Focus 37:41 The Revenue and Excitement of Ovation 38:16 Engaging the Audience in Presentations 39:10 Short-Form Content and Diversification 40:09 Making Investing Smarter and More Accessible 41:26 Challenges in the Investing Industry 44:06 Controlling Emotions in Investing 46:16 The Importance of Controlling Emotions in Trading 48:54 Lessons from Manipulation in the Stock Market 52:18 The Importance of Transparency in Investing 53:14 The Missing Dynamic in Investing 54:00 Closing and Gratitude This episode is sponsored by Mint Mobile.  $15 for your first 3 months. Visit site below:  ⁠⁠⁠⁠⁠trymintmobile.com/futuresedge  ⁠⁠⁠⁠⁠ Produced by ⁠⁠⁠⁠⁠Haynow Media

Understanding the nuances of financial decision-making is crucial for navigating the complexities of investment strategies and achieving long-term financial goals. Jared Dillian (@dailydirtnap) is an acclaimed financial writer, editor and publisher of the market newsletter “Daily Dirtnap” and author of “No Worries: How to live a stress-free financial life,” “Street Freak: Money and Madness at Lehman Brothers” and "All the Evil of This World." He unveils the importance of personal finance literature to the role of enthusiasm in narrating financial advice. Jared joins podcast hosts (⁠⁠⁠⁠⁠@jimiuorio⁠⁠⁠⁠⁠) and Bob Iaccino (⁠⁠⁠⁠⁠@Bob_Iaccino⁠⁠⁠⁠⁠) to discuss his new book, "No Worries," highlighting the misconception that small choices alone determine financial success. They cover topics such as the importance of financial education, the three key financial decisions, the value of small decisions, balancing frugality and enjoyment, managing finances in a relationship, the cost of education, trade schools and career paths, the realities of real estate investment, finding purpose and enjoyment in work, and living below your means. They explore concepts such as living below your means, personal preferences in housing, macroeconomic concerns, debt crisis and government spending, the Federal Reserve's losses, yield curve control, the “awesome portfolio,” short-term performance evaluation, the ROI of college education, Jared Dillian's writing process and his upcoming projects.  Takeaways Financial education is crucial for making informed decisions about money. The three key financial decisions are housing, car, and student loans. Small decisions can have a significant impact on long-term financial success. Balancing frugality and enjoyment is important for a fulfilling life. Open communication and shared financial goals are essential in relationships. Consider trade schools and alternative career paths for financial success. Real estate investment carries risks and requires careful consideration. Finding purpose and enjoyment in work leads to financial success. Living below your means is a responsible financial choice. Chapters 00:00 Introduction and Book Discussion 02:19 The Importance of Financial Education 04:09 The Three Key Financial Decisions 06:14 The Value of Small Decisions 08:06 The Car and Housing Decisions 10:09 Balancing Frugality and Enjoyment 11:53 Managing Finances in a Relationship 13:46 The Cost of Education 18:08 The Realities of Real Estate Investment 20:30 Finding Purpose and Enjoyment in Work 23:10 The Risks and Rewards of Real Estate Investment 25:25 Living Below Your Means 27:12 Living Below Your Means 28:24 Personal Preferences in Housing 29:15 Downsizing and Building a Large House 30:21 Macroeconomic Concerns 30:31 Debt Crisis and Government Spending 32:54 The Federal Reserve's Losses 34:25 Yield Curve Control 36:21 The Awesome Portfolio 38:53 Short-Term Performance Evaluation 43:06 The ROI of College Education 46:30 Jared Dillian's Writing Process 50:19 Short-Term Performance Evaluation (Part 2) 52:26 Upcoming Books by Jared Dillian 53:00 Appreciation for the Audience This episode is sponsored by Mint Mobile.  $15 for your first 3 months. Visit site below:  ⁠⁠⁠⁠trymintmobile.com/futuresedge  ⁠⁠⁠⁠ Produced by ⁠⁠⁠⁠Haynow Media

Michael Gayed, CFA (@leadleagreport) publisher of The Lead-Lag Report and Fund Manager, discusses topics related to the stock market, treasuries, Bitcoin, and commodities. The conversation covers the current investing environment, the impact of Bitcoin, the risk from Japan, the Fed's rate cuts, the importance of Fed credibility, the euphoria around Nvidia, the AI narrative, and small-cap stocks. He also gives his views on the potential trade for 2024 and the influence of political factors on interest rates. Michael joins podcast hosts (⁠⁠⁠⁠@jimiuorio⁠⁠⁠⁠) and Bob Iaccino (⁠⁠⁠⁠@Bob_Iaccino⁠⁠⁠⁠) to explore the distorted environment of the stock market and large-cap tech stocks. They emphasize the importance of small caps and international investments. They also dive into the role of treasuries as a risk-off asset and their relationship with credit spreads. The conversation touches on the perception of Bitcoin as an investment vehicle and the potential trade in copper and industrial commodities. The discussion highlights the significance of sticking to a strategy and avoiding style drift. Takeaways -The current investing environment is challenging for active and tactical investors, as it is focused on the S&P 500 and rocket ship stocks. -Bitcoin hitting new all-time highs indicates a lot of liquidity in the market, making it unlikely for the Fed to cut rates. -Japan poses a potential risk to global financial markets, as the Bank of Japan may have to raise rates to address inflation, causing a squeeze on the yen and a reversal of the carry trade. -Small caps may outperform large caps in election years, but it is important to consider the impact of debt and credit spreads on small cap performance. -Credibility is important in the financial markets, and the current speculative nature of certain assets challenges central bank credibility. Investors should be cautious of the euphoria surrounding certain stocks, such as Nvidia, and consider valuations and long-term prospects. -The AI narrative should be evaluated based on its impact on various sectors, such as utility companies and small caps, and its potential to improve margins. -Small caps can be a contrarian trade, but it is important to assess the risks and consider the influence of political factors on interest rates. Chapters 00:00 Introduction and Agreement 01:21 The Current Investing Environment 04:17 The Fed's Rate Cuts 06:14 Inflation and Wage Increases 08:31 The Elephant in the Room: National Debt 09:16 The Potential Risk from Japan 12:09 The Periphery and Japan's Impact 14:48 The Importance of Credibility 20:14 The AI Narrative and Small Caps 22:08 The Valuation of Nvidia 24:26 The Potential Trade for 2024: Small Caps 26:59 The Performance of Small Caps in Election Years 27:41 The Relationship between Small Caps and Credit Spreads 27:41 The Influence of Political Factors on Interest Rates 27:59 The Distorted Environment of the Stock Market 28:37 The Importance of Small Caps and International Investments 29:28 The Role of Treasuries as a Risk-Off Asset 30:29 The Relationship Between Treasuries and Credit Spreads 31:20 The Misconception about Treasuries' Performance 32:19 The Role of Treasuries in a Volatility Spike 33:16 The Flight to Safety and the Role of Treasuries 34:13 The Risk-Off Nature of Treasuries and the Dollar 35:28 The Importance of Small Caps and Small Business 36:05 The Perception of Bitcoin as an Investment Vehicle 37:37 The Role of Bitcoin in a Portfolio 38:39 The Temptation to Trade ETFs and the Holding Period 40:35 Investing in China through Commodities 41:19 The Risk of Investing in China and the Role of Confiscation 44:47 The Importance of Sticking to a Strategy and Avoiding Style Drift 46:56 The Fallacy of Putting Traders on Pedestals 49:17 The Potential Trade in Copper and Industrial Commodities 51:08 The Importance of Timing and Mean Reversion in Trading

Tom Luongo (@TFL1728) is the man behind Gold, Goats 'N Guns, a portfolio strategy of assets loosely defined by “Gold, Goats, and Guns.” He shares his perspective through newsletters and podcasts, challenging conventional narratives and offering listeners a fresh perspective on navigating the complex economic landscape. Tom joins podcast hosts (⁠⁠⁠@jimiuorio⁠⁠⁠) and Bob Iaccino (⁠⁠⁠@Bob_Iaccino⁠⁠⁠) to dissect the recent CPI data and its implications for inflation and Federal Reserve policy. Tom provides insightful analysis, highlighting the correlation between commodity prices, particularly gasoline, and inflation trends. He argues that the Fed's current approach to inflation and interest rates is tied to broader global economic dynamics, including efforts to address vulnerabilities in the European banking system. The conversation also touches on the role of fiscal policy, market liquidity, and the potential for regional interest rate adjustments. Tom offers insights into Europe's ambitions and its relationship with the United States. Drawing parallels between colonial aspirations and contemporary global dynamics, Tom reveals Europe's quest for fiscal integration and its implications for transatlantic relations. Transitioning to a more personal note, the conversation takes an unexpected turn as Tom shares his experiences as a goat farmer. From the challenges of livestock management to the economic realities of small-scale farming, Tom provides a unique perspective on agricultural life and its broader societal significance. The episode concludes with a thought-provoking exploration of Bitcoin, with Tom offering a nuanced perspective on its role in the evolving financial landscape. Balancing admiration with skepticism, he highlights Bitcoin's potential while cautioning against blind faith in its supremacy. Through candid exchanges and diverse viewpoints, this episode offers a multifaceted journey through the realms of economics, geopolitics, and rural livelihoods. Takeaways:  -The Federal Reserve's approach to inflation and interest rates is a topic of debate. -Farmers and ranchers are an often overlooked and marginalized community.  -There is a lack of understanding and clarity around cryptocurrencies like Bitcoin and Tether.  Chapters: 00:00 Introduction and Background  00:29 The Meaning of "Gold Goats and Guns"  07:06 The Vulnerability of the Banking System  10:22 The Liquidity and Plumbing of the Market  15:37 The Role of Fiscal Responsibility  24:17 The Execution of Banks and Powell's Strategy  30:13 European Banking and its Impact  30:18 The Long-Term Goal of Europe 36:22 The European Plan and the War in Ukraine 39:46 The Marginalization of Farmers and Ranchers  45:33 The Recent Unpleasantness and Lincoln  50:15 Opinion on Bitcoin  56:23 Bitcoin and Tether 57:44 The Fed's Control Over Tether  58:13 Where to Find Tom Luongo This episode is sponsored by Mint Mobile.  $15 for your first 3 months. Visit site below: ⁠⁠⁠⁠trymintmobile.com/futuresedge  ⁠⁠⁠⁠ Produced by ⁠⁠⁠⁠Haynow Media

Podcast hosts (⁠⁠@jimiuorio⁠⁠) and Bob Iaccino (⁠⁠@Bob_Iaccino⁠⁠) are joined in their monthly technical analysis discussion with Michael Arnold (@mgarnold) of Path Trading Partners. The focus centers on the current state of the stock market, honing in on recent developments in the S&P and the narrowing leadership dynamics within tech giants such as Apple, Google, and Microsoft. The conversation revolves around critical technical levels, potential multi-leg pullbacks, and the vital importance of monitoring key support and resistance points. Harmonic patterns, moving averages, and insights into popular stocks like Tesla, Nvidia, Amazon, and Meta are explored. The discussion underscores the changing dynamics of the stock market, emphasizing the significance of secondary reactions and their potential influence on future market trends. They analyze a notable shift towards precious metals, particularly gold, providing an in-depth analysis of the metal's recent price movements while highlighting crucial support levels and potential targets. Bitcoin's recent performance takes center stage in the conversation, with a thorough examination of critical levels, targets, and potential consolidation patterns. They look into recent price actions of crude oil, OPEC Plus meetings, and the prospects of a bullish breakout in the energy sector. The episode concludes with a comprehensive technical analysis of Lyft's stock, scrutinizing charts and deliberating potential breakout levels.  This episode is sponsored by Mint Mobile.  $15 for your first 3 months. Visit site below: ⁠⁠⁠trymintmobile.com/futuresedge  ⁠⁠⁠ Produced by ⁠⁠⁠Haynow Media

Podcast hosts (⁠@jimiuorio⁠) and Bob Iaccino (⁠@Bob_Iaccino⁠) shift gears from their usual economic discussions to delve into the intriguing realm of health. Thomas Seager, PhD (@seagertp), is the CEO of Morozko Forge Cold Therapy Tubs and shares his journey from academia to leading a cold plunge tub company. Jim reveals his health transformation fueled by cold therapy addiction. Tom unravels the science behind cold exposure, relating it to our evolutionary adaptation to expect cold. They discuss brown fat and its activation through cold exposure, debunking the weight loss miracle myth. Tom stresses a holistic approach to weight management, including diet and exercise. Insights into pre-cooling before exercise and its impact on testosterone and muscle power are explored. The benefits of dry saunas over hot tubs are emphasized, dispelling myths around circulatory advantages. The episode delves into the psychological resilience cultivated through daily cold exposure. Dr. Seager reveals the grounding effects of ice baths compared to cryotherapy, explaining the body's electrical rebalancing for holistic well-being. Listeners gain a comprehensive understanding of effective cold therapy, dispelling myths and unlocking the potential for improved physical and mental well-being. This episode is sponsored by Mint Mobile.  $15 for your first 3 months. Visit site below: ⁠⁠trymintmobile.com/futuresedge  ⁠⁠ Produced by ⁠⁠Haynow Media

Embark on a thought-provoking journey into the depths of global influence as Cornell University's Professor Dr. David Collum (@DavidBCollum) joins podcast hosts Jim Iuorio (@jimiuorio) and Bob Iaccino (@Bob_Iaccino). Collum, known for his "Year in Review" write-ups, unravels a web of allegations surrounding political figures and the hidden forces shaping our world. Dr. Collum touches on the controversial Trump fraud case, expressing concerns about the justice system's potential weaponization by the Democratic Party. The conversation delves into shocking revelations of a potential pedophilia network controlling global politics, exploring Pizzagate, Epstein, and the Clinton Foundation. Dr. Collum discusses child trafficking, organ harvesting, and the alleged involvement of influential figures. The hosts grapple with the complexity of data, evaluating claims of CIA involvement. They also explore the potential actions of former President Trump, left-wing perspectives, and the challenges of political affiliations. Playful discussions include potential running mates for a Trump ticket and the intriguing Dark Horse Ticket concept, adding a unique layer to political discourse. The episode concludes with anecdotes, historical events, and insights into the complex relationship between organized crime, the CIA, and global geopolitics. This episode is sponsored by Mint Mobile.  $15 for your first 3 months. Visit site below: ⁠trymintmobile.com/futuresedge  ⁠ Produced by ⁠Haynow Media

Kevin Roberts (@KevinRobertsTX) stresses the importance of preserving the American Dream, urging vigilance, questioning authority, and seeking accountability for a brighter future. As the president of the Heritage Foundation (@Heritage @Heritage_Action), he provides a unique perspective on economic and social challenges. He joins podcast hosts Jim Iurio (⁠⁠⁠⁠⁠@jimiurio⁠⁠⁠⁠⁠) and Bob Iaccino (⁠⁠⁠⁠⁠@Bob_Iaccino⁠⁠⁠⁠⁠) to discuss financial and trading dynamics, the impact of globalist forces, and the need to support institutions like the Heritage Foundation. Key topics include concerns about government control, central bank digital currency, digital IDs, gender ideology in education, and the trustworthiness of public health officials. Roberts discusses the Heritage Foundation's approach to understanding voter concerns, reaching the center-right demographic, and addressing issues like public safety and economic insecurity. The conversation also covers the foundation's stance on abortion, public safety in cities, economic challenges, the Second Amendment, intentional inflationary measures, originalism, and constitutional principles. The episode concludes with insights into immigration and border security, including policy proposals such as the border security bill (HR2). This episode is sponsored by Mint Mobile.  $15 for your first 3 months. Visit site below: ⁠trymintmobile.com/futuresedge  ⁠ Produced by ⁠Haynow Media

Mike Arnold of Path Trading Partners provides valuable insights into the technical aspects of the market, emphasizing the importance of understanding potential pitfalls and managing positions effectively. He joins podcast hosts Jim Iurio (⁠⁠⁠⁠@jimiurio⁠⁠⁠⁠) and Bob Iaccino (⁠⁠⁠⁠@Bob_Iaccino⁠⁠⁠⁠) to break down the S&P, Nasdaq and Russell, looking at specific stocks like Nvidia and Tesla, but with a cautionary tale about blindly buying every dip. Drawing parallels to historical examples like Cisco during the dot-com era, Mike Arnold urges listeners to be mindful of the potential risks associated with overextended stocks. The trio banter about market sentiment and the eccentricities of certain trades and Jim reveals a recent trade inspired by Nancy Pelosi's investment moves. The discussion explores the implications of following prominent figures in the market and the need for prudent risk management. They also discuss the controversial world of pharmaceuticals and the impact of the drug Ozempic on both the market and consumers, Bobby brings attention to emerging headlines surrounding Ozempic, linking it to various fitness influencers, medical professionals, and even alleged copycat drugs. The hosts analyze the price action of Novo Nordisk, drawing parallels with previous market trends in companies like Tesla and Nvidia. The focus shifts to broader market indicators, such as the QQQ-IWM ratio with Mike introducing the concept of a potential market shift, emphasizing the importance of monitoring specific triggers and setting alerts for informed decision-making. The hosts wrap up the episode by touching on Proof, presumably referring to a cryptocurrency or related market segment.  This episode is sponsored by Mint Mobile.  $15 for your first 3 months. Visit site below: trymintmobile.com/futuresedge   Produced by Haynow Media

Explore a future where taxation is streamlined, transparent, and geared towards responsible economic practices. Jim Bennett, Grassroots Coordinator & Secretary for FairTax, discusses the transformative Fair Tax concept with podcast hosts Jim Iurio (⁠⁠⁠@jimiurio⁠⁠⁠) and Bob Iaccino (⁠⁠⁠@Bob_Iaccino⁠⁠⁠). The FairTax advocates a shift from traditional income and payroll taxes to a national consumption tax, offering potential benefits for the American economy. The conversation covers efficient tax collection, eliminating regressive taxes, and the innovative pre-bate system, untaxing households to the poverty level. Discover how the FairTax addresses international competition, encourages responsible spending and gives American goods a competitive edge in global markets. Delve into its unique features, such as eliminating the marriage penalty, reducing under-the-table transactions, and exploring potential implications for used goods, housing, and services. Join the discussion on reshaping America's economic landscape through the FairTax revolution. Learn more about FairTax This episode is sponsored by Mint Mobile.  $15 for your first 3 months. Visit site below: trymintmobile.com/futuresedge