Nvidia ’s record-setting AI surge and Walmart ’s strong consumer results are shaping the American economy and a review of the stock market's dramatic reversal on Thursday, what it signals for investors, and how technology, tariffs, and market volatility all fit into the big economic picture.

Your feedback and comments are appreciated, please email to: amin@fpmcapital.com.

This episode’s title draws inspiration from Jimi Hendrix’s monumental song “Purple Haze” (circa 1967) .

A look at the economic impact of the government shutdown and a look at the recent AI debt spiral and its ramifications.

Your feedback and comments are appreciated, please email to: amin@fpmcapital.com.

This episode's title draws inspiration from Dire Straits' 1985 hit, 'Money for Nothing.'

A high level review of the robust earnings reporting for the third quarter, and a look at the capital spending driven "higher velocity economy" and it's profound ramifications.

Your feedback and comments are appreciated, please email to: amin@fpmcapital.com.

3 big stories this week: major earnings from five of the Magnificent 7 tech companies, another temporary truce in U.S.-China trade talks, and market disappointment despite another Federal reserve interest rate cut.

Your feedback and comments are appreciated, please email to: amin@fpmcapital.com

Disappointing earnings from Netflix and Tesla drove markets, inflation came in better than expected and markets prepare for "earnings palooza" next week when 5 of the "Mag 7" giants report earnings.

This episode's title draws inspiration from Led Zeppelin's 1969 hit 'Communication Breakdown.'

Your feedback and comments are appreciated, please email to: amin@fpmcapital.com

Financial "cockroaches" are surfacing in the banking sector, raising fears about risky loans and tighter credit. The ongoing U.S.-China trade dispute continues with both sides using key resource control and tariffs as leverage ahead of a critical meeting. This week’s spotlight: the pros and cons of the U.S. government’s direct investing in American companies to secure critical supply chains.

Your feedback and comments are appreciated, please email to: amin@fpmcapital.com

Audio version of the Fall 2025 update (text version available on substack at fpmcapital.substack.com). Highlights include a review of strong financial market returns during the third quarter, boosted by strong corporate earnings, AI investment boom and an easing interest rate cycle, and a look ahead at trends which may shape the economy and markets as we head into year end.

A look into U.S./China trade tension escalation, the blockbuster AI deal between AMD and OpenAI, spotlighting a $100 billion-plus investment that could reshape AI hardware competition and market dynamics, and a preview of the upcoming earnings season kickoff with JPMorgan and other banking giants, a key economic barometer.

Plus, gold hits an all-time high above $4,000 an ounce, signaling growing global economic uncertainty as central banks diversify away from the dollar.

This episode’s title draws inspiration from David Bowie’s song “Golden Years” (circa 1975) and its recurring hook "run for the shadows" which means to seek refuge, acknowledging that the good times are temporary and a difficult, "shadowy" period is coming.

Your feedback and comments are appreciated, please email to: amin@fpmcapital.com