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Watch: AI Arms Race Hits $100B & The SaaS Apocalypse Begins

Filmed on January 13th, 2026, Ryan Mumy and Justin Greenhill break down the most critical market trends affecting your portfolio. In this episode, we analyze:

  • Big tech AI CapEx hitting unprecedented levels transforming company profiles from high-margin platforms to capital-intensive infrastructure
  • US representing over 60% of global equity index despite only 30% of GDP on purchasing power parity basis
  • Labor market deteriorating slowly enough to avoid shock recession while supporting rate cut expectations
  • S&P 500 earnings yield falling below 10-year Treasury for first time in years creating stock-bond competition
  • AI winners versus losers creating massive performance dispersion with indiscriminate selling hitting software, wealth management, and logistics
  • The "SaaS-pocalypse" crushing software multiples as AI threatens scalability despite no earnings compression yet
  • European NATO defense spending surging as fiscal stimulus flows into economies
  • South Korea ETF seeing huge inflows while still trading cheaper than US AI plays
  • Japan's new "Margaret Thatcher" Prime Minister ushering pro-business reforms
  • Tech sector debt issuance exploding to fund AI infrastructure buildout
  • Oil trading in low-range equilibrium as supply potential caps upside
  • Silver stabilizing after waterfall decline following blow-off top

 

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This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.