Please text and tell us what you like

What does the market look like through the eyes of a seasoned Wall Street veteran? Adam Parker, founder of Trivariate Research and CNBC contributor, joins us to share his institutional perspective on today's investment landscape.

The conversation begins with Adam's surprising take on political developments – while headlines focus on tariffs and tax policy, institutional investors are looking elsewhere. He shares what's really dominating client conversations and why certain sectors remain largely immune to policy shifts. As he puts it, "I think investors just didn't focus on it that much."

We dive deep into the AI revolution, with Adam providing a framework for categorizing companies in four distinct ways: direct revenue beneficiaries, productivity winners, businesses impregnable to disruption, and those vulnerable to AI-driven obsolescence. His unique insights come from systematic analysis of earnings calls using natural language processing to identify trends before they become obvious. Remember – in November 2022, major investment banks made zero mentions of AI in their outlook documents, yet within six months, we witnessed the largest upward sales revision of any mega-cap in history with NVIDIA.

Perhaps most contrarian is Adam's take on international investing. He dismisses the recent European outperformance as "a temporary trade that's already over," explaining why structural differences make US equities structurally superior: "The reason Europe is cheaper is because it's worse. It's the same reason Motel 6 is cheaper than the Four Seasons."

Throughout our conversation, Adam emphasizes his core investment philosophy: "The two things that matter most to investing are changes to perceptions about growth and changes to perception about rates." This simple yet powerful framework helps explain market movements and provides clarity amid complexity.

Whether you're managing a large portfolio or just beginning your investment journey, you'll appreciate Adam's no-nonsense perspective, combining statistical rigor with practical wisdom gained from decades on Wall Street. Visit trivectorresearch.com to access Adam's insights for individual investors and financial advisors.

Straight Talk for All - Nonsense for None

Please check out our other podcasts:

https://skepticsguidetoinvesting.buzzsprout.com

Disclaimer - These podcasts are not intended as investment advice. Individuals please consult your own investment, tax and legal advisors. They provide these insights for educational purposes only.