The Howard Lindzon Show with Michele Steele

The Internet Isn’t the Web Anymore: TikTok + Chatbots Ate Everything

Welcome back to The Howard Lindzon Show.
Howard’s back with week two of the finger—now officially nicknamed “Pointy”—and we’re getting closer to the big reveal at the Cashtag Awards on May 4 at the New York Stock Exchange, where voting is wrapping up. Think: finance’s version of the ESPYs—awards, laughs, Nathan McIntosh, Polymarket as sponsor, and a room full of market people.
Then we get into the heavy stuff. Howard’s Sunday blog line hits hard: “We were promised Web3.0 and all we got was deglobalization, degeneracy, and slop.” The point isn’t just crypto disappointment—it’s the bigger shift: while the world was chasing NFTs and decentralization narratives, AI was quietly building in labs and now the entire “web” experience is changing. If you’re 15 or 20, the internet is TikTok and a chatbot—you don’t “surf the web” anymore.
From there: X as a “freak show,” algorithmic timelines rewarding garbage, the uncomfortable truth that negativity sells, and why people are migrating toward niche communities and group chats for signal over noise. Howard explains why StockTwits benefits from this shift—real-time streams, people talking to people, and no algorithm propping up the loudest “Cat Turd” equivalent.
We close on a rare optimistic note: good work still wins. In a world of giants, small teams can drill into one pain point, build something real, and get rewarded.
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/about/legal/terms/
Chapters
00:05 - Intro + “Pointy” finger nickname update02:41 - Cashtag Awards at NYSE May 4: voting is wrapping up03:10 - Categories + why this year’s event is bigger (Nathan McIntosh, Polymarket)04:17 - Why we need the Cashtag Awards: the news cycle is chaos05:00 - “Civilization ends tonight” rhetoric + markets barely moving06:21 - Oil ripping + the market’s surreal calm08:34 - Apple as an “edge” AI winner: phones, hardware, and the store moat10:38 - “Held hostage” mentally: markets + geopolitics + daily game-show energy13:36 - Anxiety bubble: why people feel it everywhere14:04 - The line: “We were promised Web3… and got slop”15:19 - Web2 was fun… then the Web3 story… then reality16:45 - The Bahamas/SBF era: the tell at the top17:54 - While everyone watched crypto, AI became the real shift19:15 - “We lost the web”: TikTok + chatbots ate the internet19:47 - Tokens + Nvidia as the arms dealer23:03 - Life lesson: don’t chase the shiny object and miss the real opportunity24:54 - AI could pull us away from screens (ironically)25:57 - Attention + trust + vertical networks + group chat matter more26:40 - X is a freak show: algorithm drives what you see29:54 - New York Times chart + negativity/defeatism selling31:39 - Why StockTwits gets more engagement with a smaller audience33:28 - Creators moving to Substack/Beehiiv + algorithm choke points35:22 - America as the world’s soap opera37:37 - Niche platforms can win: TBPN story + doing the work39:14 - Wrap + finger typing struggles

Dangerous World, Orderly Markets | The Oil Puzzle Nobody's Talking About

Good morning from The Howard Lindzon Show.
We open with a quick health check: Howard’s garage mishap and finger reattachment is still the talk of the town—turns out “The Tail of the Finger” was one of the best-performing posts on StockTwits. But after the laughs, it’s straight into the markets.
Howard lays out why this sell-off feels “too orderly.” Look at what’s on the board: oil spiking toward $130, rising yields, rising mortgage rates, tariffs and de-globalization pressures, private credit stress, and major geopolitical uncertainty. With that mix, you’d expect panic… and yet the indexes are only pulling back. That disconnect is what’s making this market so hard to read—and why Howard’s staying cautious even while admitting the tape is holding up better than the headlines suggest.
Then the conversation turns to something bigger than one week’s price action: the blending of private markets into public markets, and how the rules are being rewritten. Howard and Michele discuss the potential push to bring mega-private companies like SpaceX, OpenAI, and Anthropic public—and the concern that investors could be forced into these names through market-cap weighted index products on day one. The result: less transparency, more “shell games,” and more pressure on the integrity of markets that power retirement accounts.
We wrap with perspective: if you’re young, volatility can be a gift—keep compounding and keep buying—while also learning how to protect yourself if indexing changes (including the rise of direct indexing and the ability to opt out of specific names).
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/about/legal/terms/
Chapters
00:05 - Intro + “Tale of the Finger” post goes viral01:49 - Howard’s finger update: garage mishap recovery check-in06:05 - 911 and the hospital experience: fast emergency care vs the system after08:41 - Nickname brainstorm: “Stubs” vs “Scarfinger”09:23 - Finger story as content: why “train wreck” traffic works09:49 - Markets and geopolitics: the back-and-forth that snapped the rally10:24 - Why the sell-off feels “too orderly”11:49 - Oil, yields, private credit stress: “why haven’t markets crashed?”14:06 - Oil spikes and recession history: what the textbook says15:05 - De-globalization and commodities: aluminum, copper, silver breaking out16:32 - Dangerous mix: rising commodity costs + rising rates17:49 - Why “orderly declines” usually don’t end orderly18:16 - Buffett’s cash pile + Gunlock’s warnings19:58 - Private markets blending into public: “shell games” and opaque pricing20:52 - The stakes: SpaceX/OpenAI/Anthropic IPOs and trillions in demand22:07 - From “kept private too long” to “forced into ETFs day one”23:06 - Direct indexing as a response: opt-outs and tax-aware customization23:59 - SpaceX + Twitter + Grok packaging questions24:48 - Why pros fear shorting: a headline can flip the tape instantly25:18 - Integrity of markets: the real issue under everything26:21 - Retirement accounts and rule changes: who benefits?27:06 - If you’re young: hope the market drops and keep compounding28:00 - “Pay attention, don’t study”: find mentors, protect yourself31:14 - Travel vibes + perception: the “American tourist” question32:20 - Wrap + tease: finger reveal next week + Cash Tag Awards plug

Truth Social Moves Markets + Why Young Traders Think the Market’s Rigged

This week starts with a hype check: the Cashtag Awards are back May 4th at the New York Stock Exchange. Last year overflowed—this year there’s room for 500 people, Polymarket is the title sponsor, and Nathan McIntosh is bringing the comedy (plus special investing guests and plenty of side chatter).
VOTE FOR CASHTAG AWARDS HERE: https://cashtag.stocktwits.com/
Then we get into the Degen Stock of the Week: Clear (YOU). With TSA issues creating massive airport lines, Clear is catching a wave of “I can’t go back” adoption—Howard calls it an “8-to-80” product: once you have it, life before it feels impossible. It’s not just airports either—Clear is a security brand with broader applications as the world gets more dangerous.
From there, Howard goes bigger-picture: young traders discovering “the market is rigged,” the idea that “someone always knows,” and why you don’t want to live at the “line of scrimmage” reacting to every real-time headline. The Truth Social layer adds a new twist to information flow, and Howard’s point is simple: don’t lose your mind—95% of investing is still doing the work, finding great companies, or indexing.
Finally, Robinhood’s backlash: when the stock is down and the app leans hard into prediction markets and betting, users revolt. Betting and investing aren’t the same, and mixing them creates a mob problem. StockTwits’ advantage is staying trading-neutral—ideas, journaling, community—without turning your feed into a casino lobby.
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/about/legal/terms/
Chapters
00:05 - Cashtag Awards hype: NYSE venue, bigger crowd, Polymarket sponsor01:00 - Voting is live: cashtag.stocktwits.com + May 4 details01:52 - Degen Stock of the Week: Clear (YOU)03:15 - “8-to-80” product: once you have Clear, you can’t go back04:00 - TSA chaos = free advertising + the Atlanta line nightmare04:30 - Clear as a security brand, not just “tech”04:39 - Is it too late after the rip? How to follow the story06:21 - “If you’re going to panic, do it first” — are we in panic yet?07:05 - Casino rule: if you don’t know who the sucker is, it’s you08:41 - “Someone always knows” + the rabbit hole traders fall into09:38 - Truth Social as a new info layer and why it matters11:03 - Trust erosion and why it’s dangerous for markets13:14 - “Stay away from the line of scrimmage” investing advice14:06 - The chaotic 60-minute window: positioning before the post15:53 - Why this is different from the old “Goldman boogeyman” era18:48 - Robinhood backlash: too much betting inside an investing app19:26 - Mob psychology: heroes on the way up, villains on the way down22:05 - “Robinhood’s next food poisoning” branding moment23:02 - Prediction markets aren’t going away — tough conundrum24:25 - Stocktwits: pseudonymous ideas, no trading attached25:57 - Why “seeing people’s trades” isn’t the edge you think it is27:09 - Tease: new product/streams coming in the next 3–6 months27:52 - Wrap

America vs China: The AI Approval Gap Nobody's Talking About

Has Silicon Valley completely lost the plot with AI? This week on the Howard Lindzon Show, Howard and Michele break down the massive "vibe shift" around Artificial Intelligence, including new Pew Research showing a staggering gap in AI approval ratings between the US and China.
Plus, they dive into the SEC's controversial proposal to make quarterly earnings optional, why the market is brushing off terrible headlines, and how the "oversupply of degeneracy" is impacting prediction markets, Robinhood, and DraftKings.
🏆 Don't forget! The 2026 Cashtag Awards are coming up on May 4th at the New York Stock Exchange. Get all the details and secure your spot: [Insert Link to cashtag.stocktwits.com]
In this episode, we cover:
Why investors are fleeing to cash at the fastest rate since 2020.The unintended consequences of the SEC potentially ending quarterly earnings reports.Why the tech industry's biggest billionaires are ruining AI's public image.The hidden AI hardware winners: Apple's Mac Mini and Google.The oversupply of prediction markets and why Robinhood’s stock is struggling despite the degeneracy boom.
Chapters:00:00 - Intro & St. Patrick’s Day Banter00:48 - Announcing the 2026 Cashtag Awards at the NYSE!02:21 - Market Vibes: Why are investors rushing to cash?05:38 - The SEC wants to make quarterly earnings optional?!10:50 - Insider trading risks & the SpaceX SPY inclusion16:21 - The AI Vibe Shift: Why 83% of Americans dislike AI21:39 - Big Tech's massive PR problem & Claude vs. the Pentagon24:26 - OpenAI’s pivot & why Apple and Google are the real AI winners28:16 - The "Oversupply of Degeneracy": DraftKings, Robinhood, & Prediction Markets33:05 - Outro & Finding global buying opportunities

Trump, Truth Social, and Market Whiplash + The Real Degenerate Economy

Howard opens the week with a rapid-fire mix of real life and markets: Narcan, “Claude Code,” eye strain, and the kind of personal optimization advice that somehow turns into a conversation about underwear orientation and brushing your teeth with your feet.
Then we get serious (in the most Howard way possible): the Cash Tag Awards are back—May 4th at the New York Stock Exchange—with Polymarket presenting and comedian Nathan MacIntosh bringing the heat. Howard explains why the show is the “ESPYs of finance,” why last year overflowed the room, and why this year will be bigger, louder, and more degenerate.
From there, it’s market reality: war headlines and Truth Social posts whipping oil and stocks around, and why investors have to accept that this isn’t a “normal” market. Then we go deep on the new narrative stack—AI agents, stablecoins, Stripe, and the idea of machines paying machines—plus why Howard still trusts what has real users today (Claude/Anthropic) more than the last decade of “go set up a crypto wallet.”
We close with the part people ignore until it’s too late: private credit liquidity. BlackRock’s fund caps withdrawals, redemption requests spike, and the “equity returns with bond volatility” dream meets the Hotel California rule: you can check in, but you can’t always get out.
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/about/legal/terms/
Chapters
00:07 - Narcan + “Claude Code” (spell it right)01:09 - Screen fatigue: “stare at the horizon” advice01:35 - Underwear front vs backwards (market prep)02:38 - Cash Tag Awards: NYSE on May 4th + Polymarket + Nathan MacIntosh03:49 - Doing standup for 11 people: why Nathan got the gig04:30 - The “ESPYs of finance” and degenerate economy tribute05:54 - War headlines, markets whiplashing, oil cliff-drop + reversal06:45 - Truth Social as plunge protection / market-moving lever08:23 - Real war, real bombs, and why this won’t be “normal”11:02 - AI agents + stablecoins + Stripe: machines paying machines?12:30 - Crypto wallets vs product-market-fit: why AI adoption feels different13:21 - Claude Code in the real world: building sites without begging users14:20 - The agent-to-agent future (and why it might be annoying)16:29 - Claude’s growth + why “this has never been seen before”18:06 - OpenAI drama + why Howard doesn’t trust the structure18:34 - SoftBank as the leveraged OpenAI tell20:11 - Use Stocktwits/search to triangulate stories from angles22:29 - Private credit warning: BlackRock caps withdrawals24:39 - Redemptions = viral panic (but downward)25:15 - KKR/BlackRock pressure + software rollups meet mark-to-market26:20 - Liquidity isn’t free: public volatility vs private lockups27:40 - Naming your AI agent: Vern, Howie Town, and “Howie.com is taken”28:56 - Wrap

AI Isn’t a Bubble Argument Anymore: It’s a “Don’t Miss It” Moment

Howard’s in New York, and the world is loud.
We start with the headline: investors are “hedged to the teeth,” holding historic put protection. Howard explains why that’s not as straightforward as it sounds—markets still climb a wall of worry, but in 2026 the wall is bigger because negativity is viral. Social media algorithms amplify fear, everyone throws around crash words, and now prediction markets add another layer of real-time anxiety. The takeaway: get used to persistent negativity… and learn how to invest inside it.
Then we zoom into the balance sheets: the profit power of the biggest tech companies versus the Russell 2000’s lack of earnings, and why the last year’s rotation makes sense. The MAG-7 aren’t just hoarding cash anymore—they’re pouring it into AI compute and data centers, changing how the market prices risk and opportunity.
Next up: prediction markets. Kalshi draws controversy with a huge event contract tied to a political leader being removed “due to death,” and a “death rule” that prevents a straightforward payout. Howard’s view: prediction markets are becoming media and sentiment engines—and the fine print matters.
Finally, the AI competition heats up. Claude rockets up the charts, the public narrative shifts hard toward Anthropic, and Howard lays out why “being better” can beat “being first.” He calls it a rare “quadruple Lindy”: loved product, paid product, word-of-mouth growth, and a public perception win. Plus a practical message for parents and young professionals: if you’re not using AI, someone else will do your job faster—learning it is the new going outside to play.
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/about/legal/terms/
Chapters
00:06 - Howard in New York + Israel trip postponed01:33 - Investors “hedged to the teeth”: record put protection02:20 - Markets climb a wall of worry (and it’s bigger now)03:04 - Why hedge data can mislead: more money in the system03:32 - Negativity is viral; positivity dies fast04:14 - Crash words, black swans, and missing the “peace” scenario05:28 - MAG-7 vs Russell 2000: profits vs no profits06:21 - Why QQQ crushed Russell over 10 years06:50 - Why Russell outperformed recently: AI capex uncertainty07:42 - If AI works, buying the dip in leaders gets interesting08:49 - The puzzle: punished for spending on AI AND for selling the picks-and-shovels09:44 - Why Nvidia “flat on great news” can be bullish10:33 - The next problem after chips: energy + infrastructure11:21 - Degenerate index: Kalshi controversy + “leader out” death contract12:36 - Prediction markets as media + sentiment vs pure betting13:37 - Guardrails, integrity, and reading the fine print15:54 - Claude’s surge + vibe shift vs OpenAI16:49 - First mover vs better workflow: why the market is paying for Claude18:21 - Paid usage is the real signal: “if you’re not using it, you’re behind”20:30 - Anthropic’s “quadruple Lindy” explained22:18 - Howard Marks memo shift: from bubble talk to “don’t miss it”24:27 - Agents, goals, parameters: the workflow leap25:18 - Parenting advice: AI is the new “go outside and play”28:08 - AI is about tasks, not tricks + closest we’ve been to the Jetsons28:58 - Wrap

Five Hindenburg Omens + AI Taking Over—What's Actually Happening

All right, Howard’s week is going great—Claude’s parenting the kids (and apparently only using the father-in-law’s bank account). From there, we get into the real story: Howard’s spicy tweet—“this bear market is AI Independence Day”—and why software is finally getting forced to show what’s under the hood.
We talk software’s margin era, private equity’s comfort with leverage, and how AI is coming for the “penthouse” first. Meanwhile, markets feel split-brained: staples vs tech valuation parity, credit cards getting smacked as the market thinks about stablecoins and 24/7 money movement, and why energy (XLE) is working because the narrative is working—AI needs compute, compute needs power.
Then we hit the Hindenburg Omen (five of them!), what it actually signals when highs and lows spike at the same time, and why “the contrarian software dip-buy” might be turning into the consensus trade.
Biggest takeaway: the agent era is already here. Kids don’t want to surf the web. They want to ask a chatbot for the answer, the flight, the stock, the move—everything. And if Google flipped the switch, nobody else can pretend they don’t have to.
We close with a brutal dose of reality (for Canada): USA vs Canada hockey, three-on-three overtime, and the kind of sports trauma that builds character.
#AI #Markets #Investing #Stocktwits #SoftwareStocks #EnergyStocks #HindenburgOmen #Hockey #howardlindzonshow
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/about/legal/terms/
Chapters
00:05 - Claude parenting + father-in-law’s bank account00:51 - “AI Independence Day” bear market tweet explained01:26 - Software margins, dilution, and AI coming for engineering “Kobe beef”02:37 - Taxes, private equity leverage, and the software unwind03:26 - Tech forward P/E at parity with staples: regime change or chart crime?05:09 - Credit card stocks, the Citrini chatter, and “is the consumer tapping out?”06:44 - Visa/MC/Amex take rates, stablecoins, and 24/7 money movement08:09 - Why energy (XLE) is the shelter trade in this market10:40 - South Korea as the “country of compute” + EWY and flash memory mania13:47 - Hindenburg Omen explained: 52-week highs and lows at once14:48 - What the omen really means: markets acting weird, not “guaranteed crash”17:12 - Be careful calling the bottom in software: consensus contrarian risk20:05 - AI usage chart: toys vs real workflows—and why the “right people” matter23:42 - Kids skip search: the chatbot-first internet and what it means for brands26:13 - Google AI answers vs blue links: there’s no going back28:16 - Stop debating “if”—start building for the agent era29:00 - Canada vs USA hockey: trauma, three-on-three, and Olympic revenge talk32:24 - Wrap

Robinhood Ventures: Retail Access to SpaceX… or a Fee Trap?

Welcome back to The Howard Lindzon Show with Michele Steele.
This week: Stocktwits is rolling out major upgrades — overnight pricing, lightning-fast earnings summaries powered by AI, and a revamped earnings stream built for the “markets never sleep” era. Howard explains why streaming is the future of how investors follow tickers, earnings calls, and sentiment in real time.
Then we hit the Degenerate Economy Index: CBOE breaks out to new highs, the VIX climbs, and prediction markets keep expanding as regulators step into the ring. Howard lays out why CBOE is the “global YOLO bookie” — an arms dealer to traders everywhere — and why sports betting incumbents like DraftKings and Flutter may be “the thing before the thing” in a world moving toward always-on markets and better UI.
We also dig into Robinhood Ventures (a closed-end fund aimed at giving retail investors exposure to late-stage private names), why it’s great business for Robinhood, and why it may not be the “revolution” some investors think it is. Finally, we break down the massive IGV vs QQQ divergence, why software is getting repriced violently, and why consumer staples suddenly look like your grandpa’s market… at 1998-style valuations.
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/about/legal/terms/
#Stocktwits #Investing #Markets #PredictionMarkets #Robinhood #OptionsTrading #SoftwareStocks #CBOE #howardlindzonshow
Chapters
00:00 Intro: Howard’s “hip corner” and podcast setup00:33 Stocktwits upgrades: overnight pricing, earnings stream, AI overviews02:13 Why Stocktwits watchlists are built for real-time investors03:12 The power of the earnings stream: summaries + sentiment fast04:14 Streaming is the present (and future) of markets05:23 Degenerate Economy Index: CBOE breakout and what it signals06:06 CBOE as the “global YOLO bookie” bellwether08:29 Prediction markets regulatory momentum and what’s next09:54 DraftKings and Flutter as “the thing before the thing”12:35 QVC, distribution, and why UI wins over time15:49 Robinhood Ventures: retail access to private companies16:54 Howard’s “thing before the thing” moment with pre-IPO liquidity20:01 Buyer beware: fees, pricing, and why good investors may pass25:14 IGV vs QQQ: the “expensive divorce” in software26:05 Is software “done” — or is this the screaming phase?30:06 Consumer staples: flight to safety and 1998-like valuations33:13 Hot dog alpha: Chicago dog vs ketchup debate34:52 Wrap

Howard Lindzon on Robinhood (HOOD): The Mob Turns, Crypto Noise, and What Matters

Howard’s back, fresh off travel (and a Florida speeding ticket), and he’s not easing in—this episode is a full reset on what’s happening inside the degenerate economy and why de-globalization is starting to matter more than people want to admit.
Howard explains why the degenerate economy index has doubled over three years but is now struggling: there’s an oversupply of degeneracy—you can get it anywhere now, from vaping to prediction markets to options trading—and when it’s everywhere, the demand has to catch up. At the same time, de-globalization is pushing the world toward hoarding and hard-asset playbooks: gold, metals, energy, copper… and a rotation that’s pulling money out of software and into defense, metals, and “real stuff.”
Then Michele takes Howard straight into the center of the storm: Robinhood—and Howard’s uniquely positioned here as an early investor and long-time observer. They break down what the market is missing: not just the fundamentals, but the psychology. Howard walks through how the StockTwits stream went from nonstop anger during the GameStop aftermath (“Vlad should go to jail”) to nonstop euphoria at the highs (“Vlad’s a genius”)—and why all news can’t be bad news, and all news can’t be good news.
They dig into earnings, the crypto narrative, why Howard personally discounts crypto’s importance, and what actually matters long-term: accounts, assets, and product execution. Howard also explains why he doesn’t love Robinhood’s “plant a flag everywhere” international plan—and why a pipes-and-rails strategy could be more powerful globally.
Finally, Howard frames the long game with context: Robinhood vs Schwab by market cap, what retail missed in the private-to-public era, and why he watches the valuation gap as a signal for opportunity. He closes with a blunt view: the tools for degeneracy are in the hands of people now, the debate will rage on, and Robinhood may be the best-positioned “arms dealer” in that ecosystem.
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Chapters00:00 — Welcome back + Howard’s travel recap01:18 — Degenerate economy index update: oversupply + why it’s struggling02:46 — De-globalization playbook + rotation vs withdrawal (metals, defense, hard assets)06:09 — Robinhood setup: poster child of degeneracy + under-the-hood after earnings08:24 — Sentiment whiplash: “Vlad should go to jail” → “Vlad genius” and why the mob turns12:23 — Competition + oversupply: brokerages everywhere, good news baked in, why bulls aren’t shaken15:23 — Crypto narrative: too much carry, volatility, and why “buy when crypto’s in the toilet”18:01 — International strategy + Alpaca/rails thesis (country-by-country vs planting flags)23:47 — Long game: Devin Ryan’s view, Robinhood vs Schwab market-cap context, buying the gap28:52 — Prediction markets + Super Bowl example, degenerate tools, wrap + goodbye
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/about/legal/terms/

Long Degeneracy: Why Robinhood, Coinbase, and Platforms Will Keep Winning

It’s the last show of 2025, and Howard’s not sugarcoating anything. He’s turning 60, grateful for health, and reminding everyone that real wealth isn’t just the market—it’s family, relationships, and your health.From there, the conversation jumps straight into the degenerate index: a strong year, but also a reality check—fresh ideas are harder, the degenerate economy is getting crowded, and we’re in a digestion phase after big runs from “edge companies” like Google, Nvidia, Apple, and Robinhood.
 
Then it gets messy—in a useful way:Why Philip Morris / Zyn sits in the degenerate economy even if you hate everything about it (except profits)Why Affirm might be the “poster child” of buy-now-pay-later degeneracy, including the logic behind revisiting it nowWhy Bitcoin can be “not a problem” at these levels unless you bought the top—and why it has an attention problem when everyone already owns itWhy MicroStrategy feels structurally different (and why the market is “hammering” its weakness)Why the late-year silver surge doesn’t do much for Howard—but signals something bigger: deglobalization, commodity hoarding, and countries putting up wallsWhy the real story isn’t “Instacart groceries,” it’s the commodities that keep countries running
Why 2026 could bring a real affordability/inflation crisis and even a potential meltdown somewhere like Canada or Western Europe
And the core theme that ties it all together: the essay that everyone sent Howard—because it lands on the same conclusion he’s been repeating for years: the platforms win. Amazon, Robinhood, Coinbase, ICE, CME, CBOE… the casinos of every era take rake, and today’s “hope sellers” are becoming the survival layer for people who don’t believe the system works for them anymore.
 
Key idea: what older investors call speculation, younger people experience as survival—and in that world, a hedge can become a growth strategy.
 
#DegenerateEconomy #Investing #Markets #Bitcoin #Crypto #Silver #Affirm #Robinhood #Coinbase #MicroStrategy #Commodities #Inflation #Affordability
 
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision.