Monetary Matters with Jack Farley

Nvidia Stands Out as the Clear Winner

"Except for Nvidia. Nvidia is the winner."

Amid broad concerns over frothy market conditions and potential credit quality issues in several sectors, the speaker singles out Nvidia as a standout in the AI space. Despite uncertainties elsewhere, Nvidia is highlighted as the only clear, well-priced winner, suggesting confidence in its long-term strength.

Macro Commentary: Structural Dollar Weakness and Its Impact on U.S. Equities

-9.81%current return

"In an environment where the dollar is falling, historically, U.S. growth stocks have been the worst place to be invested. The underlying reality is that a structural weakness in the dollar forces asset prices, especially in cyclical areas like mining or overseas markets, to perform better while tech heavy indices suffer."

Julian Brigden provides commentary on the consequences of a weakening U.S. dollar. He warns that while the weak dollar environment may boost non-U.S. equities and cyclical sectors, U.S. growth stocks, particularly tech names, are penalized. This insight offers investors a macro lens for rebalancing portfolios in anticipation of potential underperformance in U.S. tech due to currency headwinds.

Explicit Long Position on Solana Driven by Trading Volume and Yield

-1.60%current return

"However, meme coins, the vast majority of trading volumes happen on Solana. And so it is, you know, we, when volumes spike like they did in January, Solana, you know, rose to about 290 because of all the activity on chain. That is obviously good for us, good for our portfolio. We are long Solana through our managers."

The speaker explicitly mentions a long position in Solana, citing that increased on-chain activity, particularly tied to meme coin trading volumes on the network, has provided attractive yield and trading opportunities. This position underscores a targeted exposure to Solana (SOL) as part of a broader crypto strategy, making it an actionable trade signal.

Trade Call: Buy TIC (Acurin) on Low Valuation & Catalysts

-13.48%current return

"We had a report come out from our friend Satrini Research. The ticker is TIC. I think its Acurin, a UK SPAC now new to the U.S. market, offering non-destructive testing for industrial facilities. On a forward EBITDA multiple, its 8.5 compared to its peers, and with a merger with NV5 for data center infrastructure, the valuation looks very compelling."

An explicit trade call suggesting a buy of TIC based on its low forward EBITDA multiple, merger with NV5 generating data center catalysts, and overall attractive valuation relative to peers.