Wall Street MISSED this trade | Steve Hou

Steve Hou is a quantitative researcher at Bloomberg covering multi-asset strategy research and holds a PhD in financial economics. He joined Phil Rosen to discuss the US-China AI arms race, how investors can position for the shifting world order, stock market performance in Latin America, South Korea and South Africa, and much more.This episode is sponsored by Public: https://public.com/openingbellSubscribe 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 - Intro0:49 - Why 2026 Is the Year Geopolitics Becomes ‘Macro’4:25 - Who’s Winning So Far9:06 - US vs China Risk & Camp Exposure11:35 - Do Fundamentals Still Matter?15:47 - Picking Sides vs Owning Both20:54 - Policy Risk - What Happens After Trump?23:31- Managed Decoupling & Volatility Cycles26:05 - Currencies & Returns31:15 - Do Winners Keep Winning?37:06-  AI Arms Race: No ‘Winner,’ Just a Long Marathon40:27 - Where to Find Steve’s ResearchDisclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.#podcast #investing #markets #macro #stocks #bitcoin #fed