Can the Rally Continue? (9/24/2025)
Timeline
0:00 – Intro
1:12 – Using Google Gemini for file management and research
3:00 – Gemini’s ability to handle large news feeds
5:07 – Daily market news summary via Gemini
6:14 – Discussion of new home sales surge and skepticism
7:12 – Treasury yields rising vs. housing data
7:24 – Corporate bond spreads narrowing
8:29 – U.S. debt concerns and corporate vs. government borrowing
8:34 – Consumer credit quality slipping
9:15 – Oil inventory draw and Russia refinery strikes
9:49 – Argentina bailout
10:01 – Corporate earnings: Micron, Thor, others
10:38 – PayPal selling $7B in buy-now-pay-later loans
12:30 – Trump’s Lithium Americas stake and Mar-a-Lago insider advantage
17:41 – Alibaba spending $50B on AI; parallels to dot-com bubble
23:20 – Critique of analysts’ lack of real-world industry experience
27:39 – Morgan Stanley downgrade of Adobe criticized
30:13 – Copper supply disruption at Freeport mine
31:02 – Adobe execution praised; Firefly AI integration
33:27 – Circular AI money flows (Nvidia, OpenAI, Amazon, Microsoft)
36:01 – Amazon’s Anthropic project (Project Rainer)
37:02 – NFL broadcast rights negotiations
37:34 – Global pharma fraud cases
37:59 – Google’s massive profits and AI strength
42:05 – Google’s AI products (Gemini, DeepMind, TensorFlow, LaMDA, PaLM)
45:31 – How Gemini fits into Phil’s workflow with other AIs
47:39 – Gemini market analysis output (Fed vs. AI cycle, housing, copper, Trump, bonds)
52:42 – Swing trading picks (Micron, copper miners, Adobe short debate)
55:05 – Case for going long Adobe, not short
57:26 – Adobe fundamentals: subscriptions, Firefly adoption, stickiness
1:04:03 – Adobe trade setup (top trade idea)
1:13:24 – Risk/reward of long-term portfolio strategy
1:15:30 – Tesla shorting question and Phil’s critique of Elon Musk
1:20:19 – Musk’s power via Starlink and political ties
1:22:19 – Tesla self-driving dangers and lawsuits
1:23:38 – Technical limitations of Tesla’s vision-only approach
1:26:39 – Tesla robo-taxi impracticality
1:28:51 – Robots and AI hype vs.
