The $9 Trillion Risk | Rupert Mitchell on the Unwind of US Dominance - And What Comes After It

In this episode of Excess Returns, Matt Zeigler sits down with Rupert Mitchell—founder of Blind Squirrel Macro—for an insightful, opinionated, and often humorous discussion on global market dynamics, the Mag 7, structural portfolio shifts, and what it takes to be a successful generalist investor. From the “Chart of Truth” to the hidden value in tire stocks, Rupert brings decades of experience and a distinctive lens to markets, risk, and opportunity.🔍 Topics Covered:Why European pension funds are rethinking U.S. equity exposureThe “Chart of Truth” and its implications for global allocationsThe unexpected strength of retail investors in recent ralliesMag 7 dominance, Nvidia’s market impact, and AI euphoriaWhy Apple might be the ultimate funding shortA deep dive into the “Bushy” portfolio and why 60/40 is brokenHow inflation volatility shapes asset choices and international diversificationThe case for owning Goodyear and Korean utilitiesThe problem with adjusted EBITDA and financial storytellingHow being a generalist can be a competitive investing edge