{"podcast":{"title":"Full Signal","slug":"full-signal-7568617","podcast_index_feed_id":7568617,"rss_url":"https://anchor.fm/s/10b3e31fc/podcast/rss","website_url":"https://podcasters.spotify.com/pod/show/philrosen","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/44735927/44735927-1762224313042-f105205d033e1.jpg","author":"Phil Rosen","episode_count":109,"summary":"Unpacking the highest-conviction investment ideas from the world's smartest investors. Award-winning journalist and market strategist Phil Rosen hosts top portfolio managers, capital allocators and Wall Street executives to uncover how they think about markets, pick stocks, manage risk and generate investment ideas. Phil is the Chief Market Strategist at ProCap Financial and the co-founder & CEO of Opening Bell Media. His daily markets newsletter reaches more than 200,000 investors every morning.","last_synced_at":"2026-09-16T00:17:48.487183+00:00","page_url":"https://stenobird.com/podcast/full-signal-7568617"},"episode":{"title":"Liz Ann Sonders: This is how the AI bubble bursts","slug":"liz-ann-sonders-this-is-how-the-ai-bubble-bursts","published_at":"2026-06-10T12:00:00+00:00","page_url":"https://stenobird.com/podcast/full-signal-7568617/liz-ann-sonders-this-is-how-the-ai-bubble-bursts","show_page_url":"https://stenobird.com/podcast/full-signal-7568617","url":"https://podcasters.spotify.com/pod/show/philrosen/episodes/Liz-Ann-Sonders-This-is-how-the-AI-bubble-bursts-e3kiig6","audio_url":"https://anchor.fm/s/10b3e31fc/podcast/play/121243590/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-5-9%2F425827298-44100-2-0a5eb6a804516.mp3","summary":"Liz Ann Sonders is the chief investment strategist at Charles Schwab, where she shapes the firm's market and economic outlook for millions of investors. A widely cited voice on Wall Street for decades, she joins Phil Rosen on Full Signal to discuss the AI earnings boom, the inflation-vs-deflation debate, bubble signals, and why AI supply constraints could matter more than demand. TIMESTAMPS: 0:00 - AI circular financing 2:36 - Tech stocks getting cheaper 4:21 - Inflation changing valuations 5:02 - Iran and rising inflation 7:12 - AI both inflationary & deflationary 7:44 - Expectations bubble 11:57 - Market leadership 14:43 - Compute and energy 19:05 - AI and labor market 23:13 - What makes a bubble? 25:46 - Complacency and gambling 31:36 - Sentiment vs. hard data 38:44 - How we'll be wrong on AI","meta_description":"Liz Ann Sonders is the chief investment strategist at Charles Schwab, where she shapes the firm's market and economic outlook for millions of investors. A…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2389,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/full-signal-7568617/episodes/liz-ann-sonders-this-is-how-the-ai-bubble-bursts/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/full-signal-7568617/liz-ann-sonders-this-is-how-the-ai-bubble-bursts.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}