Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG.

Follow Citrini on Twitter https://x.com/Citrini7Follow Citrini on Substack https://www.citriniresearch.com/Citrini 1-Year Anniversary Piece: https://www.citriniresearch.com/p/citrindex-one-year-anniversaryCitrini, “Election 2024: Investment Implications & Preparations”: https://www.citriniresearch.com/p/election-2024-investment-implicationsFollow VanEck on Twitter https://twitter.com/vaneck_usFollow Jack Farley on Twitter https://twitter.com/JackFarley96Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidanceFollow Blockworks on Twitter https://twitter.com/Blockworks___

Timestamps:(00:00) Introduction(00:20) How Citrini Is Thinking About Markets Right Now(07:21) Just How Narrow Is The AI Bull Market?(20:04) VanEck Ad(20:44) Election 2024: Investment Implications & Preparations(26:18) Fannie Mae and Glass Producers(28:34) Onshoring vs. Nearshoring Stocks(29:48) Trump Election Would Cause Epic 2s10s Steepeners(33:41) Deficits Under Biden, Deficits Under Trump(37:07) Trump's Aggressive Tax Policy (TCJA Tax Cuts To Expire In 2025)(40:13) China(46:32) Trump on Crypto(48:15) Would The S&P 500 Perform Better Under Biden or Trump, and Why?(54:12) Tarriff Basket(56:05) Tarriffs on Chinese Electric Vehicles (EVs)(58:31) Citrini on Tesla as an AI Company And As A Robotaxi Company(01:01:40) The Hottest New Coding Language Is English(01:06:21) Why Software and Saas Stocks Have Underperformed(01:09:32) Margin Of Safety Has Been Extraordinarily Diminished(01:12:43) What Are The Odds That The Top Is In For AI Stocks?(01:19:03) China's AI Stocks(01:34:54) Hedging For A Recession Is Pretty Straightforward Right Now(01:37:18) Hedging Via The VIX(01:42:34) Citrini: "I Think I'm Underweight Nvidia Relative to the S&P 500"

__Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.