Why Carson Block Won’t Short AI Names Until the IPOs Begin & Muddy Waters’ Pivot to Long Resources Stocks & S&P 500 Momentum

This episode is sponsored by Pictet Asset Management and its AI-enhanced equity ETFs. Pictet AI Enhanced US Equity ETF (PQUS):  

https://etf.am.pictet.com/pqus/?utm_campaign=usetf&cid=2826077237&utm_source=jfmv&utm_content=pquslp&utm_medium=podcast_02&utm_term=noterm

Pictet AI Enhanced International Equity ETF (PQNT): 

https://etf.am.pictet.com/pqnt/?utm_campaign=usetf&cid=2715538577&utm_source=jfmv&utm_content=pqnt&utm_medium=podcast_02&utm_term=noterm

Carson Block, founder of Muddy Waters Capital joins Monetary Matters to discuss why they aren’t rushing to short AI pretenders and fakers until more supply of speculative companies hits the market from big IPOs. They also discuss the increasing dominance of flows over fundamentals in US markets and abroad and Muddy Waters expanding investment focus including: metals and mining stocks, Vietnam, and momentum strategies.

Follow Muddy Waters on Twitter: https://x.com/muddywatersre

Follow Jack Farley on Twitter: https://x.com/JackFarley96

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Timestamps:

00:00 Introduction

01:44 AI and Market Speculation

05:14 Challenges in Short Selling AI Stocks

17:58 Pictet PQNT

19:09 AI Pretenders

21:41 Mining Investments and Strategies

36:51 Red Flags in Investor Presentations

39:07 Geopolitical Considerations

40:15 Fraud in Chinese Companies

49:43 Vietnam and India Investment Opportunities

59:05 Momentum Strategy in the S&P 500

01:05:07 Activist Short Selling and Future Plans