Back Home Weekly Videos Outlook: The AI → Physical World Inflection Your browser does not support the video tag. Published: 01/03/2026 | Time: N/A Description In this week's video, I examine how 2024 closed with surprising strength—back-to-back quarters of 4%+ real GDP growth with zero job creation, a phenomenon that's only occurred three times this century. With two Fed cuts still projected for 2025 despite robust nominal GDP running at 8% annualized, we're witnessing a productivity boom driven entirely by AI—the same AI that's now hitting physical infrastructure limits rather than compute constraints. The binding constraint has shifted from GPUs to electrical power, transforming where alpha lives in the market. Gas turbines, transformers, and grid interconnects are now the bottleneck, forcing a rotation into utilities, energy infrastructure, and flexible demand solutions. Bitcoin miners emerge as "virtual batteries" that stabilize renewable intermittency while improving project economics. Meanwhile, Nvidia's partnership with Groq signals the end of the general-purpose GPU era and the beginning of an advanced packaging cycle—broadening the AI build-out beyond mega-caps into small-cap hardware suppliers. This sets up what I'm calling a global reflation regime, not a recession or stagflation scenario. Copper is accelerating, the dollar is posting its worst year since 2017, PMIs are rising globally, and financials are breaking out of multi-decade bases. For traditional investors anchored in large-cap growth, this emerging AI-power-capex cycle demands a new portfolio lens—one that reintroduces energy, Bitcoin, Tesla, and small-cap industrials as key sources of alpha in the next market regime. read more Discover More Silver Went Parabolic — The Next Trade Is Still Forgotten Published: 01/24/2026 Time: N/A Financials Are Warning Conditions are Tightening: Oil, AI and Credit Are Colliding Published: 03/08/2026 Time: N/A The Hidden Crisis: Private Credit, Hyperscaler Leverage, and the Software Reckoning Published: 03/01/2026 Time: N/A The SaaS-Pocalypse, Bitcoin Crash and Why Understanding Palantir is Now Important for Both of Them Published: 02/08/2026 Time: 61min Agent Swarms, OpenAI Virus, And The Age Of Parabolic Volatility Published: 02/01/2026 Time: N/A 2025 TACO PTSD – Why Strategists, Analysts, and Investors Are Still Fighting the Last War Published: 03/22/2026 Time: 55min Valuations Are Falling for a Reason: AI Is Repricing the Future Published: 02/22/2026 Time: 46min From Apps to Agents: Why 2026 Is the Real AI Inflection Point Published: 12/20/2025 Time: N/A Oil, AI, and Private Credit: The New Market Stress Cycle Published: 03/15/2026 Time: 50min Semis vs Software Is Breaking the Market (Scarcity vs Abundance) Published: 01/17/2026 Time: N/A