Hedgeye Podcasts
Hedgeye Risk Management
Hedgeye is an investment research and financial media company founded in 2008. Our core principles are transparency, accountability and trust. Hedgeye’s Real Conversations series, hosted by CEO Keith McCullough, brings together the brightest minds in the business to cut through the noise and discuss the financial market moves that actually matter.LEGALThe opinions expressed in Hedgeye Real Conversations are those of the individual speaking and not of Hedgeye, and should not be construed as specific investment advice.Hedgeye® is a registered trademark. All Hedegye Real Conversations are the intellectual property of Hedgeye. All rights reserved. For more information, and to subscribe, go to www.hedgeye.com.
Episodes
Mentioned books
Mar 15, 2026 • 51min
Hedgeye NexGen | Episode 33 | Inflation (Iran Conflict Edition)
Jose Valcourt, a Global Tech analyst focused on semiconductors, AI and supply chains, joins to unpack tech and logistics risks. They explore how Middle East oil and shipping disruptions push inflation through fuel, transport and food costs. Conversation also touches on tanker insurance, airline pricing, and how AI and supply shocks reshape jobs and sector-specific pressures.
14 snips
Mar 14, 2026 • 1h 3min
War, Oil, and a Market Repricing in Real Time | Protect the Pile: Episode 8
Neil Howe, historian and generational analyst; Sam Raman, macro-focused portfolio manager; David Salem, portfolio manager and former White House lawyer. They dissect the Strait of Hormuz closure, a 40% oil surge and rising stagflation risk. Discussion covers geopolitical leverage in the Gulf, tactical shifts into defensive assets, fragile private credit and PE exposures, and how narratives and policy risks can reprice markets in real time.
Mar 5, 2026 • 60min
Ep.137 Real Conversations → The Investor’s Edge: ‘Primal Intelligence’ in Markets w/ Angus Fletcher
Angus Fletcher, author and researcher of narrative, imagination, and decision-making who has worked with special operations, explores how our minds thrive on story-based thinking. He discusses primal intelligence, spotting exceptions versus pattern-matching, the role of imagination alongside AI, training adaptive decision-making under volatility, and why curiosity and humility create a human edge in markets.
Mar 1, 2026 • 1h 10min
Hedgeye NexGen | Episode 32 | How to Trade ETFs
Eric, a Hedgeye producer opening his first brokerage account, asks practical questions as he learns. Ryan walks him through choosing a broker, cash-sweep options, and placing an ETF trade. They cover order types, quote data, liquidity, NAV vs price, fees, and how to pick ETFs and size positions for beginners.
Feb 28, 2026 • 1h 15min
AI Capex - Back to Infrastructure | Protect the Pile: Episode 7
Jay Van Sciver, an Industrials analyst focused on infrastructure and energy, joins to unpack AI-driven capex. They explore how AI shifts demand to data centers, chips, and power. Conversation hits hyperscaler spending, grid strain from electrification, transport and tariff risks, plus sizing strategies for earnings volatility.
Feb 22, 2026 • 1h 7min
The AI Arms Race: How 'Content Flood' Reshapes The Map | Paradigm Platforms - Episode 2
Sam Rahman, Portfolio Manager at Hedgeye AM who focuses on platform and software investing. He explains the shift from apps to agent layers and a three-tier margin cascade reshaping SaaS economics. He explores who will build enterprise agents, why content flood drives GPU and CDN demand, and how Meta and other platforms face bifurcated risks and opportunities.
Feb 20, 2026 • 1h 4min
Hedgeye NexGen | Episode 31 | CHICKEN WARS! (And the State of the Consumer)
Bennett Cheer, Hedgeye restaurants analyst who covers casual dining and operator trends, joins to break down the state of casual dining and the American consumer. They debate real wages, restaurant traffic versus sentiment, and chain strategies. The duo taste-tests ten chicken sandwiches, ranking winners and losers while linking menu moves to broader industry signals.
Feb 8, 2026 • 1h 8min
Hedgeye NexGen | Episode 30 | The Volatility of Bubbles
A lively look at how volatility creates asset bubbles and sudden reversals. Clear explanations of implied vs realized volatility and why fat tails and skew matter. Deep comparisons of gold and Bitcoin’s wild return distributions and clustered extreme moves. Practical framing using analogies to make complex market behavior more intuitive.
14 snips
Feb 7, 2026 • 1h 11min
"A Gothic Horror In The Middle of a Pretty Good Time" | Protect The Pile: Episode 6
Neil Howe, historian and author of The Fourth Turning, brings generational perspective to markets and geopolitics. Conversations jump from AI’s narrowing practical uses to a dramatic crypto crash and stablecoin debates. He flags a secular dollar decline, European defense risks, and how politics and populism could reshape capital allocation.
Feb 4, 2026 • 32min
The Macro Show [FREE EDITION] 2/4/2026
Discussion of Asia's market leadership shift and South Korea's tech surge. A tactical look at silver's immediate-term trade setup and precious metals positioning. A contrarian short Bitcoin stance and focus on strong Russell 2000 earnings growth. Explanations of VIX, gamma, option flow metrics, and how implied volatility signals market panic.
