Show Notes
Investors have become accustomed to stocks returning double digits year after year. Is that the new normal? What should investors expect?
Chapters 00:00 - Introduction to Rational Dissent 00:32 - Welcome & Market Returns Overview 02:22 - CapEx vs. Cash Flow: The 3-in-1 Tech Supercycle 06:43 - S&P Concentration: A Two-Asset Class Market 09:16 - Valuation Breakdown: The Shiller CAPE Ratio 11:38 - Explaining the 4-5-6 Market Model 17:51 - Retail Sentiment, Bubble Behavior & Software Spending 26:09 - TIPS & Long-Term Real Return Opportunities 28:13 - Lightning Round: AI's Long-Run Sector Comparable 32:42 - Closing Remarks
Charts Used: https://www.biancoresearch.com/bianco/podcast/2026/07/AIvsNonAICorrelation072426.png https://www.biancoresearch.com/bianco/podcast/2026/07/CAPERatiovsReturns072426.png https://www.biancoresearch.com/bianco/podcast/2026/07/456Markets072426.png
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