Upper Right Quadrant

This Week on The Compound

May 25, 2025

This Week on The Compound

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This week on TCAF, Josh was joined by returning guest Richard Bernstein, CEO at Richard Bernstein Advisors, LLC. They discussed the Big Beautiful Bill, the bond market, the Fed, the next recession, international stocks, and the best uncertainty hedge. (Listen)

TCAF LIVE IN CHICAGO!

On June 3rd at 6pm, Josh Brown will be joined on stage by co-host Michael Batnick and the CEO of Morningstar, Kunal Kapoor, to discuss the state of the investing business. Josh will also be joined by special guests Ben Carlson and Callie Cox to talk markets and the latest economic trends. We’re planning an incredible show for you guys. It’s at the Chop Shop in Wicker Park/Bucktown.

A few tickets are still available. Grab one before we sell out! 

CHART OF THE WEEK

With the stock market moving down, and up, in such short order, it’s easy to forget that other patterns take longer to play out. In this post, Josh talks about how tops form and the psychology around them. He writes:

This is how tops form. It’s textbook, actually. An old high is retested but the price fails to get back on the first attempt. Then a subsequent dip, followed by a renewed attempt which fails again. The pattern repeats itself until a statistical downtrend becomes obvious to the naked eye. By the fifth or sixth attempt, everyone is selling the rallies. Everyone knows the next rally won’t get as high as the last one. People give up. Then you’re in a range or a downtrend, depending on whether or not the lows hold or the lows get lower.

Josh Brown

MERCH

You can now order the new Markets in Turmoil t-shirt (in three colors) at idontshop.com. It's perfect for the Spring!

COMING SOON

This week on TCAF, Josh and Michael will be joined by Jens Nordvig, founder and CEO of Exante Data.

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