The Gold Miner Bubble of 2011 #Gold #GoldMiners #FinancePodcast

Published: Wednesday October 28, 2026 @ 13:04 EDT
Duration: 0.98 minutes
Views: 42
Likes: 1
Favorite: 0
Description: Between 2009 and 2011, gold roughly doubled and silver surged to a parabolic peak. Patrick Ceresna looks back at what happened to gold miners during that run, when investors couldn’t get enough of new gold startups.

Money went to almost any miner willing to take it and launch an exploration program. The result was a five to seven year bear market in gold miners once the boom ended.

Watch the full episode: https://www.youtube.com/watch?v=vbgJUvduIlE

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Where the AI Bubble Sits #AIBubble #TechStocks #FinancePodcast

Published: Tuesday October 27, 2026 @ 13:04 EDT
Duration: 1.05 minutes
Views: 17
Likes: 0
Favorite: 0
Description: Patrick Ceresna has no doubt AI will change our lives and keep growing, but he places the bubble in how capital has been allocated. Money flowed to a huge number of players, and the market can’t support returns for all of them at the levels they expect.

He expects a traditional consolidation: overextended companies run out of capital, the biggest players absorb them, and the industry restructures while AI continues to advance, with real capital destruction along the way.

Watch the full episode: https://www.youtube.com/watch?v=vbgJUvduIlE

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

The Bathtub Analogy for Fed Rate Hikes #InterestRates #FederalReserve #FinancePodcast

Published: Monday October 26, 2026 @ 13:04 EDT
Duration: 0.87 minutes
Views: 23
Likes: 0
Favorite: 0
Description: Patrick Ceresna uses a bathtub to explain why rate hikes seem to do nothing at first. Fed policy is the faucet filling the tub, and raising rates turns it down or off, while water keeps leaking out through the open drain.

The water level holds steady for a while, so markets looking for an immediate reaction to higher rates often conclude that tight policy isn’t working. Underneath, liquidity is being drained from the system, and the effect builds long before it becomes visible.

Watch the full episode: https://www.youtube.com/watch?v=vbgJUvduIlE

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

The Stock Market Playbook Ep. 53: Patrick Ceresna on Market Risks, Macro Trends, and AI

Published: Friday October 23, 2026 @ 20:51 EDT
Duration: 63.58 minutes
Views: 1,667
Likes: 103
Favorite: 0
Description: In this episode, I speak with Patrick Ceresna about macroeconomic trends, market concentration, and the risks building across financial markets. We discuss how sector rotation, interest rate cycles, and economic indicators influence asset prices, and what investors should watch as markets become increasingly concentrated in large technology and AI stocks.

We also explore the potential risks of an AI-driven market bubble, how oil prices could contribute to a recession, and growing liquidity and credit concerns in private equity and credit markets. Patrick shares perspectives on diversification, portfolio hedging, and navigating market turbulence as conditions change.

Follow Patrick on X: https://x.com/PatrickCeresna?lang=en
YouTube Channel: https://www.youtube.com/@Patrick_Ceresna
Podcast Channels:
https://www.youtube.com/@TheMarketHuddle
https://www.youtube.com/@macrovoices7508

Join our newsletter: https://www.jaredjohnson.co/optin

For more on our strategy and approach, visit johnsonrandall.com

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#investing #interview #podcast #silver #hedgefund
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Has the Fed Outsourced Monetary Policy to Iran? #FederalReserve #OilPrices #FinancePodcast

Published: Friday October 23, 2026 @ 12:07 EDT
Duration: 1.07 minutes
Views: 36
Likes: 0
Favorite: 0
Description: Patrick Ceresna makes a controversial case: Iran is effectively setting US monetary policy. Iran is driving oil prices, oil is driving inflation, and the Fed has committed to targeting inflation, which hands a big piece of its decision making to another country.

He questions the Fed’s response. Supply shock inflation can only be fought with rates by pushing the economy into a recession deep enough to reduce oil consumption, and in his view keeping conditions tight for that reason leaves the economy more vulnerable.

Watch the full episode: https://www.youtube.com/watch?v=vbgJUvduIlE

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Gold or Treasuries When Yields Hit 5%? #Gold #Treasuries #FinancePodcast

Published: Thursday October 22, 2026 @ 12:03 EDT
Duration: 0.98 minutes
Views: 27
Likes: 1
Favorite: 0
Description: Carley Garner agrees with the current narrative that higher yields make gold and silver less attractive. Picture an investor choosing between two assets: gold pays no interest or dividends, so the return depends entirely on price, while Treasuries pay 5% and leave room to be wrong by 5% a year and still break even.

That is why she expects gold to feel heavier as Treasuries fall and yields rise. The 10 year breaking above 5% is drawing attention now, but Carley points out that rates have been around these levels for about three years, ever since the major sell off three years ago.

Watch the full episode: https://www.youtube.com/watch?v=YJJCTl6MHp8

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Why Oil Never Stays High for Long #OilPrices #Commodities #FinancePodcast

Published: Wednesday October 21, 2026 @ 12:03 EDT
Duration: 0.98 minutes
Views: 21
Likes: 0
Favorite: 0
Description: Oil has gone from $150 a barrel to $30 within five or six months, and Carley Garner has seen that pattern play out more than once in over 20 years in the market. For her, that is why commodities belong in a trading account, since oil swings between feast and famine and never stays extremely elevated for long.

She expects the bust side of the recent six month boom to arrive next. The market is focused on supply lost through the Strait of Hormuz, yet a lot of oil is still moving on dark ships that aren't being counted.

Watch the full episode: https://www.youtube.com/watch?v=YJJCTl6MHp8

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Why Carley Garner Is Long Treasuries at 5% #Treasuries #Bonds #FinancePodcast

Published: Tuesday October 20, 2026 @ 12:03 EDT
Duration: 0.02 minutes
Views: 32
Likes: 1
Favorite: 0
Description: Carley Garner holds a large long term position in Treasuries, and she admits the timing hasn't been perfect and she has taken some heat for it.

The conviction comes from experience. Around 2006 and 2007, rates sat near today's levels and she chose short dated paper over locking in a long term yield. For almost 20 years afterwards she wished she had secured that 5%, rather than having to put money she didn't want to risk into the market. She knows Treasuries have been volatile, yet she sees them as underrated at a 5% yield she describes as coming with really no risk.

Watch the full episode: https://www.youtube.com/watch?v=YJJCTl6MHp8

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Why the Vegas Strip Is an Economic Indicator #LasVegas #Economy #FinancePodcast

Published: Monday October 19, 2026 @ 12:03 EDT
Duration: 0.93 minutes
Views: 14
Likes: 0
Favorite: 0
Description: Walk the Las Vegas Strip and you get a quick read on how the country is doing. Carley Garner considers it one of the best economic indicators around, because Vegas is a boom and bust town and a trip there is often the first thing people spend on when times are good.

Much of that comes from habitual tourists who visit four, five or six times a year. When budgets tighten, those visits are among the first things to go and tourist numbers fall sharply. Carley doesn't trade on it directly, but she keeps a close eye on it.

Watch the full episode: https://www.youtube.com/watch?v=YJJCTl6MHp8

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Why You Can't Cheat as a Retail Trader #RetailTrading #DayTrading #FinancePodcast

Published: Friday October 16, 2026 @ 12:03 EDT
Duration: 1.12 minutes
Views: 69
Likes: 0
Favorite: 0
Description: Before electronic order management, trading ran on paper tickets, and a trade could be placed before anyone decided which account it belonged to. JJ VwapTrader remembers losses being covered or parked in an error account until the position came back.

Retail trading offers none of that, and when he made the move he couldn't trade his way out of a wet paper bag. The hit to his ego came alongside a heart attack that took away the option of simply working harder, and that humbling stretch is what forced him to learn how to trade properly.

Watch the full episode: https://www.youtube.com/watch?v=NEf2-CyLbn0

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

My Favorite Setup Was an FBI Sting #TradingStories #DayTrading #FinancePodcast

Published: Thursday October 15, 2026 @ 12:02 EDT
Duration: 0.88 minutes
Views: 18
Likes: 1
Favorite: 0
Description: Early on, whenever someone asked JJ VwapTrader for his favorite setup, he told them it was the FBI agent working undercover as a fund manager. Where he came from, a setup meant a sting, and agents posing as fund managers was a common one at the time.

Moving into retail trading opened his eyes in a different way. He found a lot of noise and plenty of traders chasing indicators without knowing what an offer or an ask is, or how inventory moves through a market, and those basic mechanics became the foundation of what he teaches.

Watch the full episode: https://www.youtube.com/watch?v=NEf2-CyLbn0

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Trading for Income, the Common Sense Way #DayTrading #TradingForIncome #FinancePodcast

Published: Wednesday October 14, 2026 @ 12:03 EDT
Duration: 1.23 minutes
Views: 32
Likes: 1
Favorite: 0
Description: JJ VwapTrader teaches regular people to trade for income, enough to cover rent and bills, without spending 18 hours a day in front of a screen chasing 30 point moves.

The idea comes from the grinders, a group of about forty scalpers at one firm who traded in and out all day and got laughed at for it. They brought their lunch, wore polyester sweaters and rode the bus to work, and whenever a young trader making a couple of hundred grand a month blew up and needed to borrow two hundred thousand, they were the ones with the cash. JJ's approach uses no indicators, and he says anyone who can draw a straight line, pay attention and follow instructions can become profitable.

Watch the full episode: https://www.youtube.com/watch?v=NEf2-CyLbn0

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Will Tech's Index Concentration End Like Energy's? #TechStocks #SP500 #FinancePodcast

Published: Tuesday October 13, 2026 @ 12:04 EDT
Duration: 0.97 minutes
Views: 42
Likes: 0
Favorite: 0
Description: Ten or twelve tech names now carry a large share of the index, and history has rarely been kind to that kind of concentration. Dean Christians doesn't expect this time to be different.

He points to energy in the early 1980s as one of many cases where a sector grew too large a part of an index's cap weighting and eventually unwound. His expectation for tech is a major bear market that brings its weighting down, and while nobody can say how far, he is confident the concentration will come off the way it always has.

Watch the full episode: https://www.youtube.com/watch?v=1fHxo0LicYI

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Why Tech Leads After Market Corrections #TechStocks #MarketCorrection #FinancePodcast

Published: Monday October 12, 2026 @ 12:04 EDT
Duration: 1.12 minutes
Views: 29
Likes: 1
Favorite: 0
Description: Six months after a 10 to 20% correction in the S&P 500, technology has led the market 90% of the time, a pattern Dean Christians traces back to the 1950s.

April 2025 followed the usual cycle. The S&P fell 18%, momentum stocks dropped 30 to 40%, and most names on his dual trend system turned negative. When the market turned up, a breadth thrust followed with technology at the front. Dean lets his system confirm the move, so when it produces 20 buy signals and most of them are tech, technology is where he invests.

Watch the full episode: https://www.youtube.com/watch?v=1fHxo0LicYI

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Cash or Short? How to Handle a Market Correction #MarketCorrection #BearMarket #FinancePodcast

Published: Friday October 09, 2026 @ 12:04 EDT
Duration: 1.02 minutes
Views: 17
Likes: 0
Favorite: 0
Description: When a correction starts, Dean Christians generally moves to cash. In his view, the only cost of holding it is the difference between the T bill yield and inflation, which only becomes noticeable when inflation is high.

Shorting is reserved for an extended bear market. When he expects one, he takes strategic short positions through put options or an inverse ETF, while preservation of capital stays the priority behind every decision he makes in a falling market.

Watch the full episode: https://www.youtube.com/watch?v=1fHxo0LicYI

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Why Price Moves Before Earnings Do #PriceAction #Fundamentals #FinancePodcast

Published: Thursday October 08, 2026 @ 12:06 EDT
Duration: 1.17 minutes
Views: 81
Likes: 0
Favorite: 0
Description: Compare NVIDIA's earnings or S&P earnings with the market lows and you will find price turning up before the earnings do. For Dean Christians, that is why fundamentals have no place in short term trading.

Over the medium to longer term he uses them as confirmation. Once price turns, he wants to see earnings improve and grow behind it. A move without that support may be short covering or a reaction to news, and it often rolls over. On the way down the pattern repeats, with the stock turning lower right before its earnings decline.

Watch the full episode: https://www.youtube.com/watch?v=1fHxo0LicYI

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Why UVXY Keeps Sliding Toward Zero #VolatilityTrading #LeveragedETFs #FinancePodcast

Published: Wednesday October 07, 2026 @ 12:05 EDT
Duration: 0.82 minutes
Views: 58
Likes: 0
Favorite: 0
Description: UVXY can spike hard during a selloff and still lose value year after year, and Michael Listman explains the two forces behind that decline: beta slippage and contango.

A VIX option can reach six months out and track the futures contract for that expiry. UVXY follows a short term VIX futures index that rolls continuously, so it pays the cost of contango with every roll on top of the slippage from its leverage. Neither effect depends on what VIX is doing, and together they cause permanent damage every day that keeps pulling the ETF toward zero.

Watch the full episode: https://www.youtube.com/watch?v=viX83vqKwVw

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

Why AI Still Needs a Human Check in Trading Research #AIInTrading #QuantResearch #FinancePodcast

Published: Tuesday October 06, 2026 @ 12:15 EDT
Duration: 0.92 minutes
Views: 13
Likes: 0
Favorite: 0
Description: AI can cut the grind out of research, and it can just as easily pull that research somewhere you never meant to go.

Michael Listman uses it lightly in his quantitative work, mainly to move through Excel spreadsheets faster. He corrects it more often than he would like, which is why he double checks every output before treating it as actionable.

I see the same pattern from the other side. AI tries to run off with my ideas, and I have to keep steering it back to the one question in front of us, since a tool trained on the entire internet always has somewhere else it could take the conversation.

Watch the full episode: https://www.youtube.com/watch?v=viX83vqKwVw

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews

The Stock Market Playbook Ep. 52: Carley Garner on Volatility, Commodities, and Black Swan Risk

Published: Tuesday October 06, 2026 @ 06:56 EDT
Duration: 42.20 minutes
Views: 1,579
Likes: 122
Favorite: 0
Description: In this episode, I speak with Carley Garner about market volatility, commodities, and the macroeconomic indicators traders and investors keep an eye on. We look at Las Vegas as an economic indicator and at how black swan events can hit metals and oil.

Carley also covers commodity trading and risk management across gold, silver, oil, and Treasuries. We discuss how interest rates and dollar strength affect these markets and how traders can manage risk when conditions turn unpredictable.

Follow Carley on X: https://x.com/carleygarner?lang=en
Website: https://www.decarleytrading.com
Substack: https://decarleytrading.substack.com

Join our newsletter: https://www.jaredjohnson.co/optin

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X ➤ https://x.com/jaredjjohnson
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Sponsor Inquiries ➤ jared@johnsonrandall.com

#investing #interview #podcast #silver #hedgefund
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How Options Trading Went From $20 a Contract to Nearly Free #OptionsTrading #Markets #FinancePodcast

Published: Monday October 05, 2026 @ 12:00 EDT
Duration: 1.12 minutes
Views: 102
Likes: 0
Favorite: 0
Description: Cheap access has changed who trades options and how the market moves, and it has left plenty of room for anyone with a good idea.

When I opened my first options account in the early 2000s, a single contract cost twenty dollars to open and another twenty to close. Michael Listman goes back further, to a time when some option trades required a ten million dollar net worth, while commissions today sit close to zero.

The question I hear most is whether technology will eventually trade the whole market on its own. The changes over the last twenty five years have been real, and every one of them has been something we could work with and profit from.

Watch the full episode: https://www.youtube.com/watch?v=viX83vqKwVw

More insights at: https://www.johnsonrandall.com/

#HedgeFund #InstitutionalInvesting #SmartMoney #FundManager #AssetManagement #CapitalMarkets #StockMarket #Economy #Investing #Finance #WealthManagement #MarketUpdate #MacroEconomics #FedRate #FederalReserve #RecessionWatch #EarningsSeason #PortfolioStrategy #FinancePodcast #InvestingPodcast #StockMarketNews