Macro Strategist: 3 stocks to BUY as leverage hits the AI trade

Jack Farley is a macro expert and the co-founder of the Monetary Matters Network. He joins Phil Rosen on Full Signal to discuss the semiconductor sell-off, the strongest bear case against AI, blowout bank earnings, the specific stocks he's buying right now, and how he'd allocate a $100,000 portfolio today.Today's episode is sponsored by Direxion: https://shorturl.at/EBirr Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Semiconductor bear market1:19 - Leverage unwinding the rally2:32 - Crowded AI trade4:13 - Broadcom, Marvell6:36 - Intel skepticism8:07 - Michael Burry's bear case10:44 - AI's subsidized economics12:40 - Tokenmaxxing15:05 - AI economics18:17 - Rotating into software19:19 - IBM's worst day ever23:13 - Blowout bank earnings25:34 - Stablecoins outlook27:36 - Lam Research32:16 - Texas Pacific Land34:51 - S&P Global37:08 - Building a $100,000 portfolio44:34 - Follow Jack#podcast #investing #markets #macro #stocks #bitcoin #fed