Roundhill's strategist: Politics changes the slope, not the direction | Market Hang

Wall Street woke up to a Democratic sweep in the midterms and bought stocks anyway. Drew Pettit, Chief Investment Strategist at Roundhill Investments, tells Turney Duff that politics changes the slope of a trend and never its direction, and that the midterm statistic everyone is quoting is not statistically significant. The panel works out why a data center moratorium might help the companies that already own the compute, why AMD's report was weaker than the headline, and where the AI trade is costing people. Then four finance professionals are asked whether they would trust a chatbot with a serious health problem. Market Hang is live weekdays 12:30-1:30pm ET on Yahoo Finance. Featuring Drew Pettit, Chief Investment Strategist at Roundhill Investments Emily Peck, Markets Reporter at Axios Mario Tufano, Senior Portfolio Manager at CS McKee Al Root, Associate Editor at Barron's Turney Duff, host and author of "The Buy Side" Timestamps 0:00 The morning meeting after the sweep 1:26 Drew Pettit: The only neutral color is green 2:38 The midterm statistic everyone is quoting 4:05 Why eight out of ten is not a finding 5:15 Keynes, and a third machine 6:40 The rotation: Apple up, semi-cap equipment down 8:15 Industrials back to 20 times earnings 10:11 Moratoriums are leverage, not bans 12:24 The tweet: Pulling up the drawbridge over the moat 13:29 The permit, the grid and the gas 14:36 Hyperscaler borrowing gets easier 15:52 What half a billion dollars bought 17:02 Mario Tufano: It's the consumer, stupid 19:49 Drew Pettit: The AMD report was not as good as it looked 22:07 Nobody cares about third quarter earnings 23:35 Is the bubble just people calling for a bubble 24:40 Long term bullish, short term chop 25:56 What is actually priced in 27:00 The productivity paradox 29:05 Why this is neither dot-com nor subprime 30:45 The barbell, and low beta AI 33:09 The case for owning something else 35:58 A market of stocks, not a stock market 37:24 Retail closed the gap on the inst