Show notes
Bob Elliott is the co-founder and CIO of Unlimited Funds. He joins Phil Rosen to discuss the macro outlook and oil shock, the Fed's dilemma, portfolio positioning for 2026, and lessons from working next to Ray Dalio.This episode is sponsored by Public: https://public.com/openingbellSubscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/Timestamps:0:00 - Intro0:30 - The current economic shift1:25 - Impact of oil shock3:45 - The Fed's impossible situation5:25 - Labor market weakness7:15 - Fed nominee Kevin Warsh10:15 - Why stocks haven't sold off13:15 - Oil shock amnesia gripping markets15:10 - Commodities, risk reduction, rebalancing17:10 - Long-term positioning19:45 - Gold and bitcoin23:45 - What investors are getting wrong today26:25 - Pain comes before policy29:20 - Lessons from Ray Dalio32:00 - The 55/45 rule35:10 - Putting hedge fund strategies in an ETF37:35 - HFGM39:10- Follow Bob ElliottDisclosure: 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