Phil Rosen(@philrosenn):Apple $AAPL has become the only defensive stock in the Magnificent 7 because it's not pouring capital into the AI infrastructure boom. It's been called the "loser" of the AI race for 2 years but it's compounding earnings better than almost all its peers. @LJKawa explains.

2026.09.19 21:43

Apple $AAPL has become the only defensive stock in the Magnificent 7 because it's not pouring capital into the AI infrastructure boom. It's been called the "loser" of the AI race for 2 years but it's compounding earnings better than almost all its peers. @LJKawa explains.

Phil Rosen@philrosenn

2026.09.16 13:00

AI fears and the Fed have left the stock market at a crossroads right now waiting for the next catalyst. I sat down with @LJKawa to go through the 10 most important charts that explain financial markets and the macro backdrop right now. Luke is one of the best investment minds in the business today. The insights here will surprise you. 0:00 - Missing catalysts 3:12 - Can the Mag 7 lead? 5:38 - Mag 7 vs. momentum 8:34 - Apple as a defensive stock 12:57 - Equal weight technicals 14:27 - Industrials vs. US consumer 17:32 - US vs. rest of world 21:46 - The great de-rating in chips 24:26 - Expensive stocks with slow growth 27:04 - Why global growth keeps surprising 30:37 - Where the opportunities are now 34:19 - Are we in an AI bubble? 36:28 - Follow Luke