The Compound and Friends

Dan Greenhaus, chief economist and strategist at Solus, offers macro and credit perspective. Alexandra Semenova, Bloomberg reporter on U.S. stocks, provides market reporting and analysis. They discuss why oil price spikes haven’t toppled markets. Conversation covers how earnings, consumer spending share, private credit dynamics, SpaceX IPO timing and retail access, and short squeezes shape market reactions.

They break down a brutal quarter and the market bounce that followed. Discussions cover oil swings tied to Iran headlines and tech and software rebounds. They debate valuation multiples, sector leadership, and how mega-cap names moved markets. Historical win rates after big corrections get attention. A defensive case for AT&T and Verizon is pitched amid rising yields and 60/40 pain.

Jessica Rabe, co-founder of DataTrek Research who crunches market breadth and oversold thresholds, and Nick Colas, market strategist focused on energy, volatility, and policy, discuss oil’s surge and why energy stocks matter now. They talk historic oil-market links, two-sigma oversold setups, VIX signals, and which policy moves could change the market narrative.

Jonathan Boyar, value investor and principal at Boyar Value Group, shares his take on finding bargains in a shifting market. He highlights Mag 7 multiple compression, why sellers are dumping big tech, and the appeal of buying into falling stocks. He also discusses catalysts like MSG Sports, Uber’s autonomous path, and special-situation plays such as MGM and the Braves.

They unpack worsening economic data and mixed consumer and labor signals. They explore early strains in private credit, liquidity risks, and the halo trade around private versus public BDCs. Housing market freeze and mortgage pain get attention. Retail trader pullback and its market impact is discussed. They note rising college grad unemployment and a memory‑chip rally as a standout sector.

Jim Labenthal, Chief Market Strategist at Serity Partners with 25+ years managing portfolios and frequent CNBC contributor. He walks through market volatility and why many stocks are down even as indexes hold. They debate AI winners, private credit risks and gating, and point to specific stocks and triggers that could shift sentiment.

NVIDIA's GTC vision and the shift from training to constant inference in AI. The rise of AI in physical products and robotics plus CUDA's competitive moat. Concerns around private credit, rapid redemptions, and controversy at an asset manager. A case for why Uber might be undervalued given partnerships and autonomous plans.

Rick Wurster, CEO of Charles Schwab Corporation, leads Schwab through massive asset and account growth. He talks about Schwab’s scale and custody advantages. He explains RIA growth, advisor support, and digital onboarding improvements. He explores AI use cases improving operations and client experiences. He discusses private markets, serving ultra-HNW clients, and the future role of human advisors.

Jeffrey Sonnenfeld, Yale School of Management professor and founder of the Chief Executive Leadership Institute, explains Trump’s patterned leadership. He discusses tactics like divide-and-conquer, bilateral dealmaking, hub-and-spoke control, message repetition, rapid alliance shifts, and how corporate leaders and boards might respond. Short, sharp takes on what to watch in governance, risk, and strategic playbooks.

Garrett Baldwin, research economist and author of Me and the Money Printer, brings sharp market analysis. He unpacks liquidity and Fed support, explains odd rangebound price behavior, and dives into private credit risks. They also probe oil and geopolitical escalation, passive flows and algos, plus where leverage and BDC stress could matter.