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

Page: https://stenobird.com/podcast/full-signal-7568617/macro-strategist-3-stocks-to-buy-as-leverage-hits-the-ai-trade
Text version: https://stenobird.com/podcast/full-signal-7568617/macro-strategist-3-stocks-to-buy-as-leverage-hits-the-ai-trade.md
Podcast: [Full Signal](https://stenobird.com/podcast/full-signal-7568617)
Published: 2026-07-16T12:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/philrosen/episodes/Macro-Strategist-3-stocks-to-BUY-as-leverage-hits-the-AI-trade-e3m4tlr
Audio file: https://anchor.fm/s/10b3e31fc/podcast/play/122893435/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-6-15%2F428037439-44100-2-ad82172db221c.mp3
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JSON: https://stenobird.com/v1/public/podcasts/full-signal-7568617/episodes/macro-strategist-3-stocks-to-buy-as-leverage-hits-the-ai-trade
Duration seconds: 2696

## Resource

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

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