RiskReversal Pod

Today we're doing lunch at Manhatta, towering 60 stories above the financial district. Joining us is Rick Heitzmann, co-founder and partner at one of New York's most influential early stage venture firms, First Mark Capital. 

Rick has been early to some of the most category defining companies of the last decade, backing names like Pinterest, Airbnb, and DraftKings. That foresight has landed him on the Forbes Midas list, not once, not twice, but five times. And if that wasn't enough, he's living the dream of every New York sports fan, joining the ownership group of the New York Yankees.

Timecodes:

00:00 – Cold open: The Vilification of AI

01:08 – Meet Rick Heitzmann

03:18 - Philly Sports Fan Turned Yankees Owner

05:02 - How Rick Got Into Yankees Ownership

06:00 - Spotting Trends Early: DraftKings, Airbnb & Pinterest

07:50 - Sports Betting, Prediction Markets & Integrity in Sports

09:40 - Danny Meyer, Hospitality & NYC Restaurant Culture

11:27 - Why the Restaurant Business Is So Tough Right Now

12:46 - AI, Digital Health & The Future of Healthcare

15:45 - The Explosion of Women’s Sports & Sports Merch Culture

18:02 - The Great Jersey Debate: Should Adults Wear Them?

—

FOLLOW US

Instagram: riskreversalmedia  

Twitter: https://x.com/riskreversal

LinkedIn: riskreversalmedia  

#investing #stocks #stockmarket #ApexFintechSolutions

Standing Table is made possible through our continued partnership with Apex Fintech Solutions.

Apex Fintech Solutions provides the tools and services that enable hundreds of clients to launch, scale, and support digital investing for tens of millions of end investors. The company provides essential infrastructure and a comprehensive ecosystem of cloud-based products to enable and streamline trading, wealth management, cost basis, tax reporting, and, through its subsidiary Apex Clearing™, custody and clearing.

For more information, visit the Apex Fintech Solutions website: https://apexfintechsolutions.com/

LinkedIn: apex-fintech

SUBSCRIBE:

RiskReversal Pod for more from Guy and Dan: https://apple.co/3RzvgpD

RiskReversal Media channel for more episodes and content:    / @riskreversalmedia  

The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose.

Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.​​

In this episode of the Risk Reversal Podcast, Dan Nathan and Guy Adami discuss Friday's stock sell-off, geopolitical tensions, oil and the AI mania. Later, they sit down with Brian Hartigan, Global Head of ETFs & Index Investments at Invesco, to discuss the future of the QQQ, market concentration, passive investing, AI-driven growth, and the next wave of mega IPOs.

They dive into Nvidia’s dominance, the role of options in investing, why QQQ has remained a powerful long-term vehicle, and what investors should understand about market structure as AI reshapes the economy.

Topics include:

• QQQ and the evolution of the Nasdaq 100

• Nvidia, concentration risk & AI winners

• Passive investing and market structure

• The growing role of options strategies

• SpaceX, OpenAI & the next generation of IPOs

• Interest rates, fixed income & portfolio construction

• Product innovation at Invesco

Timecodes:

00:00 Intro: Markets, Trump/Xi Summit & Rising Yields

07:18 Why Bond Yields Could Pressure Stocks

12:08 Is the Consumer Actually Slowing?

16:10 AI Mania, Ford Energy & Speculative Trading

18:50 Cerebras IPO & Peak AI Speculation?

25:05 Brian Hartigan Joins the Podcast

26:35 What Brian Hartigan Does at Invesco

28:15 Inside QQQ: Concentration, Nvidia & Liquidity

30:20 Retail vs Institutional Investors in QQQ

34:05 SpaceX, OpenAI & Fast-Tracking IPOs into Indexes

39:05 Passive Investing & Why Companies Want Into QQQ

42:18 How Investors Use QQQ Options

45:15 Interest Rates, Fixed Income & Portfolio Positioning

47:05 AI, Nvidia & the Future of Market Leadership

50:45 Why QQQ Has Been a Long-Term Winner

52:45 How Invesco Builds New ETF Products

54:40 Georgetown, NCAA Sponsorships & Investor Education

56:45 Final Thoughts & Outro

—FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

Anthony Scaramucci joins Guy Adami for a wide-ranging conversation on everything from Dante’s Inferno and human nature to Bitcoin, risk-taking, wealth, and the future of money. Scaramucci explains why he believes understanding history matters more than ever, shares his outlook on China and Taiwan, and breaks down why Bitcoin could become one of the most important technologies of our time. Plus: lessons on success, failure, family, gratitude, and what really matters in life.

Timecodes:

00:00 Intro 01:00 Why Dante’s Inferno Still Matters03:00 The Nine Circles of Hell & Human Nature04:00 Trump, Xi & the Thucydides Trap09:00 Will China Invade Taiwan?12:00 Legacy, Art & Being Remembered15:00 Why Bitcoin Matters17:00 Bitcoin, Blockchain & the Future of Money22:00 Why You Need Bitcoin Exposure23:00 Who Scaramucci Trusts in Crypto24:00 Reinvention, Risk & Innovation26:30 Are Great Investors Born?28:30 Wealth, Happiness & Family31:00 Forgiveness, Gratitude & Parenting33:00 Final Thoughts + Follow Anthony

This episode is sponsored by Fidelity Investments and the all-new Fidelity Trader+ platform.

Try Fidelity’s most powerful trading experience yet:
www.Fidelity.com/TraderPlus

Fidelity Investments and Risk Reversal are not affiliated. Views, opinions, products, services, and strategies discussed are not endorsed or promoted by Fidelity Investments. Fidelity Brokerage Services LLC, Member NYSE, SIPC.

Xxx

—FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

This episode might work better visually! Click here to watch on YouTube: https://youtu.be/F6p1s00YIck

Carter Worth is BACK with the WAWD Substack boys for another edition of "Bourbon & Charts"

Click the link http://kalshi.com/r/MOSES or download the Kalshi App and use code MOSES to sign up and trade today!

Timecodes

0:00 - Intro

1:30 - SPX & Semis

14:30 - Gold, $AEM & Copper

23:00 - Yields

30:00 - Oil & Energy

36:30 - Single Names

--

ABOUT THE SHOW

For decades, Danny has seen it all on Wall Street and has built his reputation on integrity, curiosity and skepticism that he will bring with him each week. Having traded through the Great Financial Crisis and being featured in "The Big Short" is only part of the experiences Danny wants to share with the listener. This weekly podcast cuts through market noise, offering entertaining and informative discussions with expert guests giving their views of the financial world and the human side of it. Whether you're a seasoned investor or just getting started, On The Tape provides something for all listeners.

Follow Danny on X: @dmoses34

The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in 'On The Tape' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose.

Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

At RBC Capital Markets’ Private Tech Conference, Dan Nathan interviews RBC analysts Brad Erickson, Rishi Jaluria, Matt Swanson, and Matt Hedberg on Q1 earnings and AI’s impact across internet and software. Erickson says demand is solid, hyperscalers are raising CapEx as cloud ROI improves, and explains why Meta’s higher spend hurt the stock versus Google/Amazon’s accelerating cloud revenue and margins; he ranks Amazon over Google over Meta and discusses Uber’s AV positioning versus Waymo. Jaluria is bullish on Microsoft’s broad AI opportunities, notes Copilot’s growing paid users, and discusses multimodel strategy, small/medium models, and Oracle’s controversial OpenAI-linked data center build and financing. Swanson covers ad/martech, highlighting Adobe’s “orchestration” narrative, Trade Desk’s holding-company tensions, and AppLovin’s ROAS-driven model. Hedberg argues cyber and infrastructure need “more, not less” security post-Anthropic’s Mythos, cites capitulation in software sentiment, favors consolidators like CrowdStrike, Palo Alto, Snowflake, Datadog, and ServiceNow, and notes AI-driven efficiency and layoffs as potential catalysts amid continued volatility.

—FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media