• "One of the days that we made an all-time high over 5% of the S&P companies actually made new 52-week lows on the same day and that there's only been four times in the last hundred years that that's ever happened." - Jim Bianco [00:00:53]

• "It's AI that is the most important thing right now for financial markets and oil is still a backseat trade for…

"If there's one lesson that we've learned about capitalism and private enterprise it's this: the system seeks to maximize outputs per unit of inputs. And we haven't seen that [in AI]. There is no effort apparently to optimize." - Brad Conger [00:00:01]

"You cannot bake a certainty pie if your ingredients include, I don't know, berries. In this case, we can't truly…

"In this new modern mercantilist world, the US is looking at choke points around the world of places where it can garner resources that China might need. China on the flip side has built out choke points themselves knowing things that we need." - Bridgewater Speaker [00:00:49]

"AI of course going through the biggest capex buildout since World War II."…

"strategists like anybody else can get sucked into the emotions of the moment... I think the numbers really force you to think through the math and saying even if it is different this time how is it." - Lori Calvasina [00:03:43]

"we talk about earnings kind of the fast lane and the slow lane and the fast lane is everything AI related and the slow lane…

"Because we have outsourced our asset management to the indices we have sidestepped the fiduciary responsibilities that traditional asset managers are required to maintain... and basically outsource that to the indices." - Mike Green [00:11:58]

"When you introduce a data dependency you are inevitably driving with the rearview mirror." - **Mike…

Quotes

"We've shifted a lot of the leverage from the private sector up to the public sector... this has implications for nominal GDP, wealth concentration, inflation levels, and market performance." - Lyn Alden [00:02:33] "If you raise rates in the face of inflation, you do slow down bank lending to a certain degree, but then you blow out…

"You want to get paid to take on the risk. You don't want to pay to take on the risk. And that's what investors are doing right now." - David Rosenberg [00:23:09]

"Today the stock market drives the economy, not the other way around... everybody knows what their equity portfolio is doing and they're checking it like 10 times a day." - **David…

"300 years of calculus and nobody saw this. Why is that? Well, my guess is nobody ever thought about using the hockey sticks, right? Who would use that? Option traders would use that." - Doug Costa [00:41:20]

"The exciting thing about this is that the financial engineering technology that was used to create the new VIX... was invented in the 1990s to…

"Gone are the days where you could call that cohort or the broader retail investor crowd the dumb money." - Liz Ann Sonders [[00:19:42](https://...

"One thing that is forever invariably true is that war is inflationary. War overstrains the productive apparatus that is uh it its purpose is to destruct and kill and um and to print money to finance those activities." - Jim Grant [00:04:49]

"The Federal Reserve has defined price stability as a 2% debasement of the currency... like a tax that…

"The top 10 stocks... are 40% of the index. That's the most concentrated that it has ever been... we track market concentration going back over a 100 years." - Ibrahim Kana [00:01:44]

"A $200 billion market cap company today in the S&P 500 is 0.2% of the S&P 500... If it was a European company, it would be a top five or a top 10 company." -…

"This is arguably the seventh black swan we've thrown at the market since 2020... and the S&P has been resilient every time." - Tom Lee [00:01:53]

"I think oil prices being high is actually good for US stocks." - Tom Lee [00:02:23]

"If you take out the 10 best days... in each of…

"We have tons of bad policy that we made it worse for growth in America and growth is what creates everything capital formation capital R&D investment productivity." - Jamie Dimon [00:01:16]

"I believe that 30 years from now a lot of people your kids are probably working three and a half days a week they'll probably live to 100..." - **Jamie…