Macro Strategist: 3 stocks to BUY as leverage hits the AI trade

Macro Strategist: 3 stocks to BUY as leverage hits the AI trade

From Full Signal by Phil Rosen

July 16, 2026 · 45 min

About this episode

Jack Farley discusses the semiconductor sell-off and shares stock recommendations in the context of the AI trade.

Jack Farley is a macro expert and the co-founder of the Monetary Matters Network. He joins Phil Rosen on Full Signal to discuss the semiconductor sell-off, the strongest bear case against AI, blowout bank earnings, the specific stocks he's buying right now, and how he'd allocate a $100,000 portfolio today. Today's episode is sponsored by Direxion: https://shorturl.at/EBirr Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - Semiconductor bear market 1:19 - Leverage unwinding the rally 2:32 - Crowded AI trade 4:13 - Broadcom, Marvell 6:36 - Intel skepticism 8:07 - Michael Burry's bear case 10:44 - AI's subsidized economics 12:40 - Tokenmaxxing 15:05 - AI economics 18:17 - Rotating into software 19:19 - IBM's worst day ever 23:13 - Blowout bank earnings 25:34 - Stablecoins outlook 27:36 - Lam Research 32:16 - Texas Pacific Land 34:51 - S&P Global 37:08 - Building a $100,000 portfolio 44:34 - Follow Jack #podcast #investing #markets #macro #stocks #bitcoin #fed

People in this episode

Host: Phil Rosen

Guest: Jack Farley

Topics covered

Keywords

Sponsors

Direxion

Mentioned in this episode

Organizations: Monetary Matters Network, IBM, Broadcom, Marvell, Intel, Lam Research, Texas Pacific Land, S&P Global

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