Stocks Near All-Time Highs, Crypto Left Behind: What the Macro Tea Leaves Really Say
29 May 2026 · 49:35
Steve Sosnick, chief strategist at Interactive Brokers, joins Steve Ehrlich to unpack why equities are near all-time highs while Bitcoin quietly underperforms tech stocks on a nine-month volatility low. They cover the parallel between today's AI capital expenditure boom and the 1999 bandwidth buildout, what roughly $120 billion in money market inflows says about where retail cash is sitting, and the challenges facing incoming Fed figure Kevin Warsh in an already skittish market.