The Broken Pie Chart Podcast offers fresh looks at investment portfolio management, economics, markets, retirement planning, and more by simplifying and explaining important aspects of financial markets and the economy in easy to understand ways.
Derek Moore is joined by Mike Snyder and Shane Skinner to discuss SpaceX now being below its IPO price and whether it can grow into its current value. Plus, Apple sues OpenAI as the stock continues to run into earnings. Later, did anything fundamentally change with the memory stocks like Micron or people just don't want to be the last out. Finally, the Strait of Hormuz didn't matter to markets until the market decided it mattered again. Apple sues OpenAI Micron and the memory stocks dip again Trading behavior psychology losing hurt more than winning feels good? Strait of Hormuz tanker tracker ticks lower More sellers than buyers in memory stocks SpaceX moves below its IPO price Looking at the Mag7 stocks and how they grew into their valuations over a decade Were the Mag7 stocks expensive or undervalued in hindsight 10 years ago? SpaceX forward valuation Interest rates and oil prices Inflation surprises to the downside Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
7/20/26 • 54:48
Derek Moore is joined by Mike Snyder and Shane Skinner, looking at the Fed Task force and what that means for how the Fed evaluates inflation data. Plus, Anthropic is the S-1 everyone is waiting for. Later, they talk through a classic head and shoulders pattern than played out in WTI Oil charts, Fed probability of interest rate changes, Fed Minutes, and the generational exchange of free cash flow from hyperscalers to Semiconductor companies. All this and more this week. The Fed's new Inflation Task Force and what it means for how the Fed evaluates inflation data Anthropic: the S-1 everyone is waiting for A classic head and shoulders pattern playing out in WTI Crude Oil charts Fed probabilities of interest rate changes and the latest Fed Minutes The generational exchange of free cash flow from hyperscalers to semiconductor companies Earnings season kicks off What is an S-1 filing? What is a head and shoulders technical pattern? Which companies are reporting earnings soon? Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
7/13/26 • 50:33
Derek Moore is joined by Mike Snyder and Shane Skinner to get into markets including whether the memory stock run (including Micron) is over or just taking a pause. Then, they look at the strength of the US Dollar and whether that is a major headwind while oil prices seem like they are done worrying about the Strait of Hormuz. Later, the case for and against the Fed LOWERING rates this year vs the consensus view that they need to tighten. Oh yeah, and they get Derek talking again about Bitcoin and Strategy, the resilient employment numbers, ISM prices paid are dropping, and market seasonality. Did Michael Saylor compare Strategy's perpetual preferred shares to a 3-month treasury? Bitcoin winter The case for and against the Fed CUTTING rates Strong employment numbers ISM prices paid and oil prices are dropping Market seasonality and how July historically goes The market seems to have forgotten about the Straight of Hormuz Above all else its earnings, but at what multiple, and at what net profit margin? Micron, SanDisk, and the memory stocks turn over so what's next? Getting into earnings seasons once again US Dollar strength so what's the problem? US Dollar zone of insignificance and when it is significant Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
7/6/26 • 53:44
Derek Moore is joined by Mike Snyder and Shane Skinner this week where they'll discuss Micron's earnings announcement and subsequent stock price changes and free cash flow. Is that where all the hyperscalers cash is heading? Plus, the latest geo-political goings on including tracking the number of tankers in the Strait of Hormuz. Are the Fed dot plot predictions (expectations) really as useless as they same? Don't forget the guys got Derek talking about Bitcoin and Strategy again. Finally, looking at some bull and bear cases for the equity markets. What are the Hyperscalers? Strait of Hormuz tanker tracker Michael Saylors Bitcoin problem Bitcoin sentiment Micron implied volatility Micron's earnings and forward multiples Cash flow on the Mag 7 vs Micron Fed dot plots What the Fed dot plots predicted in December 2020 vs what actually happened 2021-2022 Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
6/29/26 • 55:18
Derek Moore is joined by Mike Snyder and Shane Skinner this week to get into the post Kevin Warsh Fed Presser reaction. Plus, leading economic indicators (LEI) are turning bullish? Then, they talk about the options action in SpaceX including how high is the implied volatility. Odds and ends this week include discussion on MicroStrategy's preferred STRC has dropped below its par value. SpaceX implied volatility in its options Kevin Warsh FED press conference Kevin Warsh says no dot for you! LEI leading economic indicator MicroStrategy (Strategy) preferred issue #STRC Difference between a peg to par vs. trying to see it at par Word count in FED statement Warsh vs Powell 10 Year Treasury yields vs Nominal GDP growth rate YoY Oil prices continue to ease Analysts keep their earnings estimates strong for the forward 12 month period Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
6/22/26 • 61:28
Derek Moore is joined by Mike Snyder to discuss some wild SpaceX price predictions and review day 1 of trading. Then, they discuss what the implied volatility and options pricing will be like once SpaceX options are available. Then they make the case that oil has seen its peak and the bull and bear case going forward. Later, they look at the 2-day correction before the markets decided none of the things that mattered matter anymore. SpaceX day one price and predictions going forward SpaceX options coming next week Implied volatility expectations for SpaceX options Is the correction over? 2-day correction Oil futures curve US government is using oil price swaps selling out of the SPR What does it mean to use oil swaps? Hot IPO post launch performance What does history say SpaceX price will be in 30 days? Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
6/15/26 • 49:49
Derek Moore is joined by Shane Skinner to react to the market Friday selloff including many of the chip and memory stocks. What is driving this and has the oil trade decoupled from equities? Then they discuss SpaceX IPO pricing at $135, the strong jobs numbers that exceeded estimates including April being revised from negative to healthy positive number, and Michael Saylor sells some Bitcoin for Strategy. All this and more this week. SpaceX IPO price Saylor sells Bitcoin for Strategy Crypto out of favor judging by the ETF fund flows S&P 500 Index Friday selloff of -2.6% after continuous march higher Semis and memory stocks hit with many pulling back ~ -20% from all-time highs Oil was down but the market didn't care today More Oil supply coming online? Fed futures pricing in a rate hike by December Tough to time when to sell a highflyer Will investors hit the sell button thinking this is the turn? Greenshoe IPO provision Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
6/7/26 • 57:31
Derek Moore is joined by Shane Skinner this week to talk about the typical IPO performance within the first 30 days of trading. Then, they compare how Google vs Tesla performed after their IPOs. Later, Goldman Sachs calls for 8000 by year in in the S&P 500 Index, how May has seen stellar returns last couple years, a bunch of ETF filings for SpaceX adjacent products, and surprising forward EPS valuations. Nvidia forward PE vs Costco and Walmart Google vs Tesla IPO performance Surprising Google State Post IPO SpaceX adjacent ETFs see a lot of filings How does this IPO issuance period compare to past ones? When day 100 is up nearly 10% what does the rest of the year historically look like? Bond vs Equity Valuations S&P 500 May Performance 1945-2026 Intel vs Nvidia Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
6/1/26 • 62:20
Derek Moore is joined by Shane Skinner to get into the SpaceX S-1 including their revenues and earnings revealed. Plus, comparing the fever for SpaceX IPO to the dotcom era in the late nineties. Then, looking at Nvidia earnings and looking at its price to sales vs SpaceX. Later, what people thought the market would return over the last 10 years vs what it actually has returned. All this and more this week. Nvidia price to sales vs SpaceX price to sales based on reported initial IPO market cap Will SpaceX get into the S&P 500 Index and the Nasdaq 100 Index? Requirements for a stock to be included in the S&P 500 Index SpaceX S-1 filing review including revenue and earnings What is the lockup period for the SpaceX IPO? Comparing SpaceX S-1 to Google and Amazon's Comparing this IPO cycle to the late nineties Nvidia earnings What will the implied volatility be on SpaceX options once they are made available Public service announcement about investing in IPOs Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
5/24/26 • 41:36
Derek Moore is joined by Shane Skinner to discuss the upcoming Nvidia earnings through the prism of the option volatility levels. Then, they look at inflation, GDP, and markets vs expectations. Later, looking at the interest rate predictions and the likelihood of cuts vs raises with Kevin Warsh now at the helm. Finally, looking at the oil futures curve and what the back end says about where people think oil will price to eventually. Nvidia earnings predictions Nvidia option implied volatility and expected moves around earnings Pricing the Nvidia straddle Future interest rate probabilities Kevin Warsh takes over the Fed Oil futures swap curve Inflation sticky or not? Atlanta Fed GDP Now Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
5/17/26 • 44:03
Derek Moore is joined by Mike Snyder and Shane Skinner to discuss markets and the economy including Ryan Cohen's awkward CNBC interview with Andrew Ross Sorkin where he was pressed on the math behind the financing in GameStop's bid for EBAY. Plus, Micron again reaches an all-time high and still is trading at forward multiples below many other stocks. Later, is this year shaping up to be 1995 or something else? Finally, whether oil prices are reaching a pivot point looking at some technical analysis. Ryan Cohen CNBC interview with Andrew Ross Sorkin and Becky Quick GameStop trying to buy EBAY Does GameStop have the funding to do this purchase? Secondary offerings and dilution to shareholders Micron new all-time high Crude Oil WTI West Texas Intermediate Head and Shoulders Pattern Bearish technical patterns and reliability Comparing spaghetti chart of stock market annual paths 1995 vs 2026 stock chart Midterm election year stock market typical returns Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
5/11/26 • 53:22
Derek Moore is joined by Mike Snyder and Shane Skinner exploring whether the economy via the LEI (Leading Economic Indicator) is flashing bearish signals. Then, they run through Micron, Intel, and Apple looking at relative valuations and what analysts are predicting. Later, they review some post earnings moves and volatility (or lack thereof). Plus, why do people think the Fed has a chance to raise rates? Micron vs Apple relative forward PE ratios Micron's forward PE is really low, but why? Intel continues its parabolic run What is the LEI Leading Economic Indicator Weights within the LEO How sentiment is super low and how it impacts LEI Powell wraps up his last meeting but he's not leaving? Does Warsh get rate cuts Lots of dissent within the Fed? Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
5/4/26 • 58:59
Derek Moore is joined by Mike Snyder and Shane Skinner to talk about semiconductors and the relative surprising performance of Intel vs Nvidia. Plus, they examine forward PE ratios and how stocks making new all-time highs might have gotten cheaper on a valuation basis. Later, the news reports of a person scamming prediction markets for weather using a hair dryer. Finally, it's a huge earnings week so the gang has you covered looking at what the option markets are predicting for expected moves based on implied volatility. Intel vs Nvidia relative performance Did Intel get cheaper on a valuation basis? Semiconductors apparently keep going higher Microsoft, Apple, Meta, Google, and Amazon earnings are all this week Report that someone used a hair dryer on a temperature sensor in Paris to win prediction The problems with prediction markets and whether they have any place in investments Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
4/27/26 • 60:08
Derek Moore is joined by Mike Snyder and Shane Skinner commenting on the stock market's breakout to new all-time highs. With earnings estimates, earnings reports, and sentiment shifting higher the market looks forward. Did investors get too bearish? Looking at Tesla's upcoming earnings via their implied volatility and 1-standard deviation expected move higher or lower. All this and more this week. Yup, we are back at all-time highs 7000 the new floor in the S&P 500 Index? Earnings analysts raise estimates again So far so good earnings season Tesla implied volatility shows what the expected range through earnings is Did investors get too bearish, causing them to miss out by selling at the recent bottom? Why its difficult to time markets Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
4/20/26 • 67:40
Derek Moore is joined by Mike Snyder and Shane Skinner this week to discuss the all-time low in consumer sentiment and what if anything it means for markets. By the way, who exactly are they getting to stay on the phone for 50 questions? Then they discuss Exxon vs Salesforce performance since the CRM replaced XOM in the Down Jones Index. Plus, secular bull markets have pullbacks so are we still in one now? Consumer confidence all-time low Does Consumer Sentiment indicator from UMich forecast stock movements? Semiconductor forward earnings growth is predicted to be strong S&P 500 Index earnings seasons is upon us Exxon got replaced by Salesforce in the Down but since then CRM is trailing XOM Geopolitical volatility Why the Fed probably still cuts and the stock market is seeing through the clutter US Dollar Index peeled back from recent highs so is that good for earnings? Sarcastic discussion on who the heck is answering survey calls Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
4/12/26 • 53:27
Derek Moore is joined by Mike Snyder and Shane Skinner to look at the bull case vs. the bear case in markets. Plus, which company the gang is most looking forward to seeing what their earnings release shows and how the big tech names are all cheaper on a forward valuation basis. Why doesn't the market always go up when earnings grow? Now people are tracking sailings in the Strait of Hormuz. Later, examining whether Friday's recovering from a rough open is a good sign for markets or just an anomaly. Strait of Hormuz ship tracking Earnings growth vs the market return in a given year Odd to see the market down while earnings revisions have grown positively +8% Nvidia vs Microsoft for who everyone is most looking forward to earnings wise SpaceX files for an IPO but we'll have to wait on the S-1 release Market bull and bear case Mentioned in this Episode Article with Peter Lynch video link plus forward valuation charts on the market, Nvidia, and Exxon. https://zegainvestments.com/blog/is-the-market-getting-cheaper-or-just-early-ahead-of-analyst-revisions Podcast Explaining The Big Short Movie & Credit Default Swaps https://podcasts.apple.com/us/podcast/the-big-short-movie-credit-default-swaps-explained/id1432836154?i=1000465683509 Margin Call Movie and VaR Value at Risk Explained https://open.spotify.com/episode/2XJ58KAoQKw2sdC48KHyPp Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
4/6/26 • 48:58
Derek Moore is joined by Mike Snyder and Shane Skinner to discuss how the news sounds worse than the markets have performed so far. What Peter Lynch famous 1994 speech tells us about market declines and corrections. Plus, really? The Fed Funds futures are now pricing in higher probability of rate hikes vs rate cuts. Finally, the Mag 7 seems to be on sale, so what needs to happen for them to start leading the market back to the highs? Peter Lynch on market corrections Mag 7 valuations are getting cheap relative to where they were Fed Rate hikes, really? Volatility in markets Why is the VIX higher? The news is worse than the markets retracement so far, but will that change? Mentioned in this Episode Article with Peter Lynch video link plus forward valuation charts on the market, Nvidia, and Exxon. https://zegainvestments.com/blog/is-the-market-getting-cheaper-or-just-early-ahead-of-analyst-revisions Podcast Explaining The Big Short Movie & Credit Default Swaps https://podcasts.apple.com/us/podcast/the-big-short-movie-credit-default-swaps-explained/id1432836154?i=1000465683509 Margin Call Movie and VaR Value at Risk Explained https://open.spotify.com/episode/2XJ58KAoQKw2sdC48KHyPp Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
3/30/26 • 40:06
Derek Moore is joined by Mike Snyder and Shane Skinner where they get into a discussion around the market moving lower, lowering the forward PE, and analysts haven't budged their estimates yet. So, who's right and who's wrong? Then they go through the volatility environment and whether this is a normal midterm year pullback reminding everyone this is pretty typical. Later, they get into Arizona suing Kalshi and whether prediction markets (or betting) belong under the CFTC. Vix and VVIX Volatility in markets CFTC as regulator of prediction markets Who needs prediction markets? Arizona sues Kalshi Forward PE multiples drop While EPS forward estimates rise When will analysts start adjusting their EPS estimates? What are breakeven inflation rates Why breakeven rates historically haven't been a great predictor of future inflation Mentioned in this Episode Podcast Explaining The Big Short Movie & Credit Default Swaps https://podcasts.apple.com/us/podcast/the-big-short-movie-credit-default-swaps-explained/id1432836154?i=1000465683509 Margin Call Movie and VaR Value at Risk Explained https://open.spotify.com/episode/2XJ58KAoQKw2sdC48KHyPp Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
3/22/26 • 58:27
Derek Moore is joined by Mike Snyder and Shane Skinner to discuss how a strong dollar, high oil prices, and the normal midterm year market cycle are dominating the talk around the stock market. If there was no Iran conflict, would the market be in the same spot? Later, looking at the options markets on Micron before next week's earnings. Finally, why the Strait of Hormuz is causing supply issues. Straight of Hormuz oil tanker conundrum Oil and the US Dollar jump and why it may not be good news for earnings Implied Volatility on Micron Pricing the long and short straddles on Micron Midterm Year Market Cycles and how this compares Talking about the movies Margin Call and The Big Short Mentioned in this Episode Podcast Explaining The Big Short Movie & Credit Default Swaps https://podcasts.apple.com/us/podcast/the-big-short-movie-credit-default-swaps-explained/id1432836154?i=1000465683509 Margin Call Movie and VaR Value at Risk Explained https://open.spotify.com/episode/2XJ58KAoQKw2sdC48KHyPp Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
3/15/26 • 57:23
Derek Moore is joined by Mike Snyder and Shane Skinner to riff on volatility surging including VIX and VVIX. What volatility changes mean to market makers having to sell or buy more shares to hedge. Later, examine the largest 1 week surge in oil historically and where last week ranks. Plus, asking if OpenAI will wind up being the winner or more like Netscape. All this and more this week. OpenAI vs other AI companies as the eventual winner Explaining what VVIX is in relation to the VIX Why changes in volatility cause market makers to have to sell or buy shares of underlying Energy sector was the contrarian pick hiding in plain site Green shoots that this selloff will end? The Fed and interest rates Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
3/8/26 • 61:26
Derek Moore is joined by Shane Skinner to explain how the market just got cheaper on a forward valuation standpoint. Plus, how Nvidia EPS estimates reached a new all-time high while the stock trends sideways. Later, comparing Salesforce and Exxon, where they look at a multiple expansion vs a multiple contraction. Finally, they delve into an increase in the near-term volatility skew, and the hot PPI numbers. What is volatility skew Salesforce vs Exxon Nvidia goes sideways even though earnings and sales estimates reach new highs What does it me when stocks forward multiples contract (rerate) Getting into the PPI release Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
3/1/26 • 54:36
Derek Moore is joined by Mike Snyder and Shane Skinner to discuss the Supreme Court ruling on tariffs and the market reaction. Plus, looking at what the options market is predicting for Nvidia post earnings moves. Later, WTI oil prices moving higher, did the energy sector bull run predict this? Finally, breaking down the GDP release and whether the baring the government shutdown, GDP would have been higher. All this and more this week. GDP release and breakdown No inflation from tariffs Supreme Court Ruling on Tariffs What other justifications Trump admin can use to still impose tariffs WTI West Texas Intermediate crude price catches a bid Nvidia earnings this week come out so what is the option market predicting? Nvidia implied volatility and straddle prices Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
2/22/26 • 50:24
Derek Moore is joined by Mike Snyder to talk about the CPI release and how there isn't any evidence that tariffs are causing any issues with inflation. So, does this mean the Fed has a green light to cut rates? As the market broadens, you might be surprised what sectors are leading and hint, it's not tech. CPI Inflation report No inflation from tariffs Fed interest rate cuts Mag 7 passes the baton to energy, materials, and staples Nvidia earnings are coming up so what does the implied volatility say at this point? Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
2/17/26 • 46:40
Derek Moore is joined by Mike Snyder and Shane Skinner this week to chat about the meltdown in bitcoin and Strategy (MicroStrategy $MSTR). Why would investors choose MSTR over just Bitcoin? The enterprise value vs market value of its Bitcoin holdings. Later, The Mag 7 aren't all acting alike as Apple is surging while Microsoft is in a bear market. Later, is volatility too high given we are so close to the previous all-time high in the S&P 500 Index? Bitcoin vs Strategy Bitcoin melts down Strategy $MSTR enterprise value vs the value of its Bitcoin holdings Apple vs Microsoft Why would an investor who likes Bitcoin buy $MSTR vs owning $IBIT? VIX hits 23 but was that an overreaction given we are so close to ATH? Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
2/9/26 • 59:21
Derek Moore is joined by Shane Skinner this week to discuss the parabolic moves in silver and gold including the record amount of trading. Plus, was PPI a big deal or no problem? Later, looking at the forward valuations of Walmart vs Nvidia in a hypothetical game of which one would you rather hold? You could also flip a coin which would be as good as any analysis. Meanwhile, earnings estimates have ticked higher while the S&P 500 Index moved lower, illustrating a multiple contraction in the forward PE ratio. Silver and Gold go parabolic Record trading volumes in silver and gold Forward EPS estimates tick higher in the S&P 500 Index PPI Producer Price Index was lower in 2025 than 2024 so why the angst? Walmart vs Nvidia forward PE ratios Why is Walmart trading at a higher valuation than Nvidia? Is AI the reason Walmart is bid up on a valuation measure? Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
2/2/26 • 46:59
Derek Moore is joined by Shane Skinner and Mike Snyder to talk about how it seems every metal is surging including Gold, Silver, Platinum, Palladium, and what else? Plus, Shane reports on the options conference and record option volumes. Oh, and did the market and volatility overreact to Greenland? It lasted all of one day. Oh, we have a big earnings week coming so what is the options market predicting for earnings moves? Big earnings week Implied volatility of most of the Mag 7 pre-earnings Record options contract volumes Greenland market event that lasted all of one day Volatility goes up and comes right back down Palladium, Copper, Gold, Platinum, and Silver all moving Bonds vs Gold Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
1/26/26 • 55:12
Derek Moore is joined by Shane Skinner and Mike Snyder to talk about whether the tariffs matter to the market anymore. Plus, energy stocks break out even though oil is still below $60. Later, how we continue to see broadening in participation of the bull market beyond the mag 7 stocks. Of course, earnings season is starting and in the end earnings matter above all else. Earnings matter in the long run XOM Exxon some back Energy stocks no longer hibernating How stocks can do well even if the underlying commodity isn't Commodity next boom? Does the Fed theoretically use taxpayer funds for their expenses? Will Powell leave the Fed when his term as chair ends (but not his governor term) Different pockets of the market still running Mag 7 trailed through April then led, not that gap is closing Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
1/18/26 • 33:03
Derek Moore is joined by Shane Skinner and Mike Snyder to talk about whether higher valuations are warranted based on rising profit margins. Then, they think about whether the upcoming Supreme Court ruling on tariffs matters for the market. Later, they discussed Google passing Apple for the #2 highest valued company in the S&P 500 Index, midterm election years performance vs other years, regression channels in the S&P 500 Index, payroll numbers, interest rates, and even copper prices. Midterm year performance vs other presidential cycle years Supreme Court Ruling on Tariffs and what it means for markets Copper prices are about to break out or break down? Fed interest rates saying no cuts until after Powell leaves? Semiconductor earnings estimates vs the S&P 500 Index as a whole Polymarket sees only a 25% chance tariffs are upheld Google (Alphabet) surpasses Apple to be world #2 behind Nvidia Three-Month payroll contraction on nonfarm payrolls Talking technical analysis with regression channels on the SPX Free cash flow margins tech vs the rest Valuation forward pe ration adjusted for net profit margins S&P 500 companies' real revenue per worker highest going back to 1986 S&P 500 quarter EPS growth estimates Y/Y % change Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
1/12/26 • 71:47
Derek Moore is joined by Shane Skinner, Mike Snyder, and yup Jay Pestrichelli makes an appearance to give our 2026 predictions. Where will markets, the economy, gold, the dollar, the fed, interest rates, bitcoin, recession, oil, bitcoin and much more plus a look back at who got 2025 right. 2026 Year End S&P 500 Index Targets VIX high for 2026 10 Year Treasury predictions Where will Bitcoin end 2026? Where will Oil, Gold, & the US Dollar End land in 2026? Outliers amongst the group and some consensus Why you shouldn't trade off these Why committing to strategies rather than trying to time markets is the way 2025 Predictions and who was right and who was wrong The challenge in trying to predict markets When will the last Fed rate change happen next year? Where do interest rates wind up landing? What about GDP and CPI Inflation forecasts for 2026? Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
1/5/26 • 79:28
Derek Moore is joined by Shane Skinner to talk about silver prices going parabolic while Gold, Copper, Platinum, and other metals are clocking in gains. Does the rally continue? They, they look at how well international markets have done crushing the S&P 500 Index this year where Spain's IBEX 35 and South Korea's KOSPI are the top dogs that no one saw coming. Later, they discussed the attribution to gains this year including how much it is due to earnings growth vs the growth of the forward PE multiple. Finally, discussing how much the S&P 500 Index companies' turnover (and have done so at a much higher rate recently) showing the value of owning a momentum index that is diversified. Oil vs Gold Ratio Silver, Gold, Platinum, and Copper all rallying Surprising international markets crushing it this year including Spain and Korea Russell 2000 Index consensus 2026 earnings forecast sees EPS growing 61% in 2026 What is the Santa Claus rally? S&P 500 Index Company Turnover and disruption Why own indexes and is the S&P 500 Index a momentum index? Earnings growth vs multiple expansion responsible for market gains in 2025 Yardeni Research projects gold to hit $6000 in 2026 and $10,000 by 2030 Does the national deficit matter? Energy commodities vs metals Truck Tonnage Index decouples with the S&P 500 Index performance TIPS bonds may not help you during inflationary periods due to duration interest rate risk Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com
12/29/25 • 50:26
