Podcast Episodes

Eye on the Market Outlook 2026: Smothering Heights

Episode 88

In this year’s EOTM Outlook by Michael Cembalest, we focus on four risks: US power generation constraints, China on its own, Taiwan and hyperscaler profits.

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Published on 9 hours ago

The Deep End: 2025 Alternative Investments Review

Episode 87

On the surface not much has changed since our last review two years ago.

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Published on 4 weeks, 2 days ago

The winter of our discontent: generative AI disrupts the entertainment industry content moat

Episode 86

While the prior decade was defined by disruption in content distribution, the next decade will be defined by disruption in content creation, augmented by generative AI. This month’s Eye on the Marke…

Published on 1 month, 3 weeks ago

Mad Libs: just fill in the blanks

Episode 85

Mad Libs. This piece is not about how mad liberals are at the administration, although the latest polling data indicates that it could be. Instead, it’s a fill-in-the-blank exercise regarding the im…

Published on 2 months, 2 weeks ago

The Blob: Capital, China, Chips, Chicago and Chilliwack

Episode 84

In this piece, we look at the AI and data center takeover, and the OpenAI-Oracle deal; the US government equity investment in Intel, the origins of TSMC and how many countries support national champ…

Published on 3 months, 1 week ago

Fair Shakes

Episode 83

Assessing US earnings and economic trends during one of the broadest policy shifts since FDR; partisan redistricting, the Supreme Court, the Census and the balance in the US House of Representatives.…

Published on 3 months, 4 weeks ago

Sick as a Dog: the cheapness of US healthcare stocks, and the battle over publicly funded science research

Episode 82

For three decades until 2020, US healthcare stocks generated roughly the same returns as the tech sector, and with much less volatility. Things have changed a lot since then as the tech sector has ba…

Published on 4 months, 2 weeks ago

Summer mailbag

Episode 81

Every summer, I answer questions from the Eye on the Market client mailbag.

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Published on 5 months ago

Time Flies: Twenty Years of Eye on the Market

Episode 80

Take a look back at 30 standout insights which are just as relevant for the future as they were for the past.

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Published on 5 months, 3 weeks ago

"OK Boomer" on stablecoins, profits, tax cuts vs tariffs and presidential break-ups

Episode 79

Throughout history, non-FDIC insured short-term dollar denominated debt redeemable at par on demand has been prone to runs, whether in money market funds, repos or uninsured deposits. Why would light…

Published on 5 months, 4 weeks ago