FORGET the S&P 500. Buy the "New World Order" trade | Steve Hou

Steve Hou is a quantitative researcher at Bloomberg covering multi-asset strategy research and holds a PhD in financial economics. He joined Phil Rosen to discuss the US-China AI arms race, how investors can position for the shifting world order, stock market performance in Latin America, South Korea and South Africa, and much more. This episode is sponsored by Public: https://public.com/openingbell Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - Intro 0:49 - Geopolitics Becomes ‘Macro’ 4:25 - Who’s winning so far 9:06 - US vs China risk 11:35 - Do fundamentals still matter? 15:47 - Picking sides 20:54 - What happens after Trump? 23:31- Managed decoupling & volatility cycles 26:05 - Currencies & Returns 31:15 - Do Winners Keep Winning? 37:06- AI Arms Race: No ‘Winner,’ Just long marathon 40:27 - Steve’s Research Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. #podcast #investing #markets #macro #stocks #bitcoin #fed