{"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":"Stocks are up. That's the problem | Bob Elliott","slug":"stocks-are-up-that-s-the-problem-bob-elliott","published_at":"2026-03-18T12:00:00+00:00","page_url":"https://stenobird.com/podcast/full-signal-7568617/stocks-are-up-that-s-the-problem-bob-elliott","show_page_url":"https://stenobird.com/podcast/full-signal-7568617","url":"https://podcasters.spotify.com/pod/show/philrosen/episodes/Stocks-are-up--Thats-the-problem--Bob-Elliott-e3gjnil","audio_url":"https://anchor.fm/s/10b3e31fc/podcast/play/117087253/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-2-17%2F420236901-44100-2-1fb38b13bb831.mp3","summary":"Bob Elliott is the co-founder and CIO of Unlimited Funds. He joins Phil Rosen to discuss the macro outlook and oil shock, the Fed's dilemma, portfolio positioning for 2026, and lessons from working next to Ray Dalio. This episode is sponsored by Public: https://public.com/openingbell 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 - Intro 0:30 - The current economic shift 1:25 - Impact of oil shock 3:45 - The Fed's impossible situation 5:25 - Labor market weakness 7:15 - Fed nominee Kevin Warsh 10:15 - Why stocks haven't sold off 13:15 - Oil shock amnesia gripping markets 15:10 - Commodities, risk reduction, rebalancing 17:10 - Long-term positioning 19:45 - Gold and bitcoin 23:45 - What investors are getting wrong today 26:25 - Pain comes before policy 29:20 - Lessons from Ray Dalio 32:00 - The 55/45 rule 35:10 - Putting hedge fund strategies in an ETF 37:35 - HFGM 39:10- Follow Bob Elliott Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. #podcast #investing #markets #macro #stocks #bitcoin #fed","meta_description":"Bob Elliott is the co-founder and CIO of Unlimited Funds. He joins Phil Rosen to discuss the macro outlook and oil shock, the Fed's dilemma, portfolio pos…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2381,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/full-signal-7568617/episodes/stocks-are-up-that-s-the-problem-bob-elliott/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/stocks-are-up-that-s-the-problem-bob-elliott.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}