What podcasts say about Warren Pies

Every statement, with the speaker, the exact quote and the moment it was said.

What Warren Pies has said on podcasts

27 statements · 10 positive · 9 negative · 2 mixed · 6 neutral

on stocksNegativeAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies downgraded stocks after the market reached approximately 7,800.
“we downgraded stocks”
Listen at 1:23
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on stocksNeutralAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies’s firm neutralized its stock positioning after remaining overweight through summer.
“we've neutralized that now”
Listen at 2:16
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Corporate earningsPositiveAug 26, 2026· Monetary Matters with Jack Farley
The firm expected 2026 to be an earnings-explosion year.
“we expected this to be an earnings explosion year”
Listen at 3:27
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Midterm electionsNegativeAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies expects the midterm elections to produce a Democratic wave.
“the midterm elections are going to be a blue wave, maybe a blue tsunami”
Listen at 6:14
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Portfolio riskNegativeAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies recommends reducing portfolio risk during the current macro-risk window.
“it's a time to take down risk”
Listen at 6:34
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Cash allocationPositiveAug 26, 2026· Monetary Matters with Jack Farley
The firm replaced reduced stock and commodity exposure with cash.
“We put it all in cash.”
Listen at 6:58
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on U.S. stock marketNegativeAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies views August 15 through October 15 as an unfavorable market window.
“we highlighted the window from August 15th to October 15th as a period where I don't like the seasonals and I don't like the structure”
Listen at 7:57
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on September Fed meetingNeutralAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies views the September Fed meeting as roughly evenly split on a hike.
“That's really a coin flip.”
Listen at 8:54
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on September Fed meetingNeutralAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies maintains that the September Fed meeting remains a coin flip on a hike.
“our argument has been this whole time that this is a coin flip meeting”
Listen at 9:24
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Recent economic dataNegativeAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies judges recent economic data less dovish than markets interpreted it.
“it has not... been nearly as dovish as the market's reaction to it”
Listen at 9:40
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Core PCE inflationNeutralAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies’s model forecasts core PCE inflation at 0.28% month over month.
“We expect it to come in at 0.28 month over month.”
Listen at 10:05
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Federal ReserveNegativeAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies believes the Fed’s tolerance for overlooking temporary inflation is diminishing.
“the tolerance for looking through things, even things that are appropriate to look through at the Fed is wearing thin”
Listen at 10:49
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Unemployment rateNegativeAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies says the unemployment-rate decline could reverse.
“it could very well mean revert”
Listen at 14:19
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on September Fed rate hikePositiveAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies thinks Fed officials could push for a September rate hike.
“I think absolutely.”
Listen at 15:15
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Technology leadershipPositiveAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies sees broadening technology leadership as the ideal path for the bull market.
“my ideal mechanism for this bull market continuing higher is tech leadership broadening”
Listen at 27:40
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Technology leadershipPositiveAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies says technology must regain leadership for the market to advance.
“You'll ultimately need to see tech reassert its leadership.”
Listen at 28:25
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on U.S. stock marketNegativeAug 26, 2026· Monetary Matters with Jack Farley
Without renewed technology leadership, Warren Pies sees limited market upside.
“Otherwise, I don't think the market has a ton of upside.”
Listen at 28:29
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Artificial IntelligencePositiveAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies’s firm strongly believes in artificial intelligence technology.
“we are big time AI believers”
Listen at 29:24
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Blackwell B200 availabilityNeutralAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies reports that tracked Blackwell B200 availability remains zero.
“Blackwell B200 availability is still at zero from what we track”
Listen at 33:43
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on H200 GPU availabilityPositiveAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies judges the rise in H200 GPU availability as benign.
“this is a benign rise”
Listen at 34:24
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Hyperscalers and semiconductorsPositiveAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies says hyperscalers and semiconductors need to rise together for the next market leg.
“you need them both to go up together”
Listen at 36:59
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Data CenterNeutralAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies assesses data centers as an increasingly important political issue.
“data centers have become a political issue at this point in time”
Listen at 39:48
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Data-center ROIPositiveAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies believes this earnings season largely resolved doubts about data-center ROI.
“the data center roi question was basically solved this earning season”
Listen at 40:29
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Anthropic IPOMixedAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies expects an Anthropic listing to pressure software and benefit semiconductors and hardware.
“it'll weigh on on software and be positive for semis and hardware”
Listen at 53:54
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Software sectorNegativeAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies expects software to bear the initial pressure during AI IPO periods.
“the real pain point will be software initially during these IPO periods”
Listen at 54:56
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on Investment basketsPositiveAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies recommends constructing investment baskets differently from standard GICS sectors.
“you really got to build the basket different from the GICS sectors”
Listen at 59:08
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies
on U.S. stock marketMixedAug 26, 2026· Monetary Matters with Jack Farley
Warren Pies says a macro shock or earnings catalyst is needed to end the market’s grind higher.
“you need something to break that”
Listen at 1:01:06
Open the episode · Time to Reduce Equity Risk: Why Underappreciated Macro Risks Could Derail the Bull Market | Warren Pies

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.