Chase & David break down the AI spending boom into three parts for episode 26:
1) Is AI infrastructure spending big enough to mask underlying economic weakness. When tech companies are dropping hundreds of billions on data centers and infrastructure, it creates ripple effects across markets and GDP. Are we in a bubble?
2) David asks the question about the energy shortfall equation that's creating real bottlenecks. From utilities to power generation, the math is getting interesting.
3) What's next in the AI chain—agentic AI that can actually take actions, not just chat. We discuss who wins when these agents need massive amounts of proprietary data to be useful, and why the companies sitting on the right data sets might be the real beneficiaries of this next wave.
From capex distortions to energy bottlenecks to data ownership, we're covering the investment themes that matter beyond the AI headlines. Enjoy!
(3:20) An AI Bubble?
(9:05) Where does all the money go?
(12:15) Why big dollars doesn't equal big jobs.
(15:10) The energy bottleneck.
(21:20) How the big models (& companies) relate to all the spending.
(27:00) An AI model and a microwave.
(31:45) The next stage - Agentic AI
Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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Chase & David dive into the economy's "situationship"— you know, that awkward phase where nothing's dramatically changing, but there are definitely some moves happening that could matter depending on your specific situation. In this midsummer update, we break down the latest tax law changes and explore how they might (or might not) affect you, depending on where you sit.
From marginal tax adjustments to child tax credits, SALT deductions to tariff timing, we're covering the legislative shifts that aren't making headlines but could still move the needle for your financial planning. We also dive into a market update and the slow burn from what's essentially a $350 billion tariff tax hike. Enjoy!
(3:20) It's all in the margin
(8:50) CTC & 529's
(11:40) SALT & depreciation changes
(13:55) Health insurance downsides
(18:50) Tariff timing & price changes
(26:30) American Manufacturing?
(30:25) Making sense of the recent market move
Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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In this episode, it's just us—no guests, no agenda, just a lighthearted dive into the "Doxa Sayings" that guide everything we do at Doxa Capital. Think of this as a philosophical tour inside Doxa, where we share the timeless principles that have shaped our approach to markets, risk, and life. Sometimes the most valuable insights come not from market predictions, but from the foundational truths that keep you centered when everything else is changing. Enjoy!
(2:50) "Don't save what's left after spending, but spend what's left after saving."
(5:12) "Growth is about predicting the future, value is about fixing the past." + "When quality and value overlap, buy the **** out of it and don't ask questions."
(11:10) "Make financial decisions when you want to, not when you have to."
(13:50) "The best ideas are when you see something inevitable while consensus continues to debate it. The worst ideas are something you think is inevitable but will continually be debated."
(14:45) "Victory comes from finding opportunities and problems."
(17:06) "The variable to try and solve for is endurance - be average for an above average amount of time."
(18:55) "Invest then investigate."
(23:46) "The most powerful thing in investing: compounding. The hardest thing in investing: selling. The best thing in investing: stop caring about FOMO."
Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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We're delighted to continue our annual tradition with Callie Cox, marking our third conversation with the Chief Market Strategist at Ritholtz Wealth Management and author of the OptimistiCallie newsletter. Callie brings her experience from roles at eToro, Ally Invest, LPL Financial, and TABB Group to talk about the volatile landscape. We break down the essentials of risk management, look at the "all-weather" portfolio concept, and Callie shares her take on maintaining a long-term focus in today's short-term world. As a trusted voice in financial media with contributions to Business Insider, CNBC, Bloomberg, the Financial Times, Yahoo Finance, and Barron's, Callie delivers the practical wisdom investors need in today's complex landscape. Enjoy!
(3:15) Market Correlations
(11:55) Economic Outlook
(18:05) Long-term thinking in a short-term environment
(25:00) Risk management into a slowdown
(32:00) David & Chase close with some Doxa Takes
Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase, David, and Callie and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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We're honored to welcome back Paul Reilly, VP of Business Banking at a Northern Virginia community bank. He shares insights on today's lending landscape, the state of commercial real estate, and how policy uncertainty is shaping small business investment decisions. Just as in episode 9, Paul offers a valuable perspective on how his clients are navigating this up and down environment. Enjoy!
(3:11) Quick Market Update
(6:00) Lending Environment
(10:00) Gov't Multipliers
(15:40) NoVa Data Centers
(17:35) CRE
(25:45) Value of Relationships
(29:01) Rates & Credit
Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase, David, and Paul and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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Chase and David welcome insurance expert Tony Iannarelli, the founder of TIG Financial, a full-service insurance agency known for its innovative approach to client protection. Tony breaks down the essentials of liability coverage, home policies, and the critical decision-making process behind claims. From natural disaster cat claims to everyday protection strategies, he demystifies the complex world of insurance through real-world examples and practical insights. Enjoy!
(4:30) Quick Market Update (6:55) Insurance Primer (10:00) Liability and Deductibles (13:00) A tree fell on my house (18:10) Growth v. Profitability (27:00) Pro Tips (34:00) Natural Disasters / Cat Claims
Nothing we say here is investment advice – we don't know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We're here just chatting and of course you're welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase, David, and Tony and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/ Music by Agent Method
Chase and David unpack their 2025 forecast, digging into why today's economic resilience might face fresh challenges in the year ahead. Building on consumer momentum and moderating inflation, they explore why housing markets and policy shifts could reshape the narrative. The duo breaks down their playbook for navigating a year where downside risks deserve extra attention, sharing tactical allocation moves to help weather potential turbulence. Enjoy!
(5:00) Don't always extrapolate the past
(8:42) Base case outlook
(11:35) Housing's in the driver's seat
(20:03) Policy Implications: different starting point + different priorities = different outcome?
(36:10) Underappreciated Risk
(40:03) Allocation changes
Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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Chase and David dive into the trifecta of year-end uncertainties - from election jitters to interest rate speculation. They break down smart planning strategies to help you navigate these choppy waters as 2024 draws to a close. In this timely discussion, they explore how these interconnected forces could reshape both markets and investment approaches heading into 2025. Enjoy!
(2:10) Uncertainty affecting Data?
(6:30) Fed and Inflation Forecast
(11:00) Mortgage Rates
(15:00) Year-end Planning
(21:40) 2025 Market Preview
Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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Chase teams up with Bloomberg Opinion columnist Conor Sen to chat about why the Fed is poised to cut rates now, how fast they might go, and why bringing 2 firetrucks to a fire is always better than 1. On the eve of a pivotal Fed meeting, Conor brings his expertise to this timely discussion - exploring the ripple effects that will run through our economy in 2025. Enjoy!
(1:05) Fire in the kitchen
(6:30) Rate knock-on effects?
(11:10) The economy's left tail
(15:05) Housing & HELOCs
(20:10) Rate Cuts
(25:55) Defensive market leaders
Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and Conor and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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Over the past month, market dynamics have shifted from inflation concerns to questions of economic growth, otherwise known as a classic 'Growth Scare'. In this episode, Chase and David have a chat about how the growth scare developed, what to watch for going forward, and how a multi-year carry trade involving Japan contributed to the big market sell-off over the past few days. Enjoy!
(2:30) The Fabled Yen Carry Trade
(6:40) Fast Markets
(8:15) Recent jobs data
(10:30) The new market debate
(14:05) Rate outlook
(19:30) The wisdom of markets
(25:40) Financial Planning mixed with volatility
Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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On our first second take of the pod series, David and Chase set the timer at 2(-ish) minutes and go through 11 recent market headlines to share their thoughts. Enjoy!
Geopol tensions with China / Is there an AI bubble? / Who can make money on AI anyways? / Can the grid handle all the datacenters? / Is the M.E. conflict disrupting energy? / Crazy economic surveys / Rate cuts! / Could higher rates actually create higher inflation? / Do US deficits matter? / The US election / What's up with insurance?
Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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Our first repeat guest, Callie Cox, joins Chase and David to chat markets and the economy. She has been featured on CNBC, Bloomberg, the Financial Times, Yahoo Finance, and Barron's. She's one of the best at making complicated things simple - a talent we use in breaking down the three paths we see ahead. Callie made for one of our best episodes last year, and this one is no different! Enjoy!
(2:35) How we got here
(12:20) 1: "Things are too hot"
(16:25) Hot Take
(18:10) 2: "Let's thread the needle"
(23:00) 3: "It's colddddd"
(32:40) Are we talking about politics?
(35:57) Let a balanced portfolio work
Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase, David, and Callie and should not be held as representations of their respective firms.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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For episode 14, David takes the helm to tackle common tax strategies and how they can optimize your financial plan. His key point is to utilize all the company benefits available to you for maximum tax advantages. Lastly, Chase shares his philosophy on balancing tax efficiency with smart portfolio management. Enjoy!
(3:50) Salary deductions - HSA + 401k
(6:50) Salary deductions - FSA + extra benefits
(12:00) Roth IRA's + 529's
(17:20) Tax harvesting
(22:45) Doxa's philosophy
**This episode should be used solely for informational purposes and should not be used as tax advice. Please consult a tax advisor/accountant/financial planner for advice relevant to your own situation**
All feedback is good feedback and don't forget to subscribe! Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms. Past performance is not always predictive of future results.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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Just a simple Chase & David chat for our first episode of 2024. We recorded this one "AMA style" with no prep or outline - just David asking some questions from clients and prospects of Doxa Capital. *And if you have a question for either of us, email it over and we'll use it on the next one! Enjoy!
All feedback is good feedback and don't forget to subscribe! Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms. Past performance is not always predictive of future results.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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In the last episode of 2023, Chase and David look back on the year and provide their outlook going forward. Rates, inflation, and growth are still the prime factors driving the bus, but the importance of each seems to be shifting.
Really, this episode is just the podcast version of Doxa's "end of year note", but with an added section on financial planning focus points for 2024! Enjoy!
(3:50) What we got right & wrong in 2023.
(12:42) Financial planning into the new year.
(23:55) 2024 Market Outlook
All feedback is good feedback and don't forget to subscribe! Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms. Past performance is not always predictive of future results.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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Not always do good operators make good investors, but on this episode Chase and David talk with Houston Vann of Junxion Capital, a real estate firm that excels at both. They combine "on the ground" expertise in construction and labor with deep involvement in community planning that creates a unique moat for their Jacksonville, FL business. Our immediate takeaway was how many different advantages or "edges" they've built along the way - a lesson all investors can build upon. Enjoy!
(1:50) The house flipping business
(6:40) Have high rates changed the environment?
(10:50) Long-term rentals vs. flips
(14:40) Having an edge
(16:30) How to manage rent prices?
(21:20) R.E. Outlook
(24:50) Airbnb / Short-term rentals
*You can reach out to Houston & Romy here.
All feedback is good feedback and don't forget to subscribe - enjoy! Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase, David and Houston and should not be held as representations of their respective firms. Past performance is not always predictive of future results.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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Chase and David get together to chat about the recent move in interest rates and the effect that it may have on the economy. It's not the sexiest topic in finance, but one that has been in the driver's seat for the last few months. They discuss how rates are reflexive, how bond mutual funds work, and the strategies that Doxa uses in bond portfolios. Enjoy!
(4:30) What's happening with rates?
(7:54) Reflexivity.
(12:55) What's the effect on jobs and inflation?
(19:00) Doxa's strategy vs. bond mutual funds.
(28:50) What is a curve inversion?
All feedback is good feedback and don't forget to subscribe - enjoy! Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase and David and should not be held as representations of their respective firms. Past performance is not always predictive of future results. For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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Chase is joined by two awesome guests in George Pearkes and Conor Sen to chat about what's happening in the economy and some likely scenarios going forward. George is the Global Macro Strategist for Bespoke Investment Group and Conor is the founder of Peachtree Creek Investments and is a Bloomberg Opinion columnist. These guys are masters at articulating economic themes so we took advantage of having them both in one place and packed a ton of info into 35 minutes! Enjoy!
(2:20) Today's inflation & growth dynamic.
(6:55) Risks on the horizon?
(14:05) Jobs & the labor market.
(20:10) Big picture econ - is this decade looking different than the past?
(27:02) A *big* generational wealth transfer is coming.
All feedback is good feedback and don't forget to subscribe - enjoy! Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase, George, and Conor and should not be held as representations of their respective firms. Past performance is not always predictive of future results.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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In episode six of Doxa Takes, Chase takes the interviewer seat to ask David about some popular financial planning topics. As a reminder, David Mucciaro is the co-founder of Doxa Capital where he has guided clients through all of their ups and downs for nearly a decade. He's an expert in personal finance - helping families reach their goals while being smart and efficient in how it gets done.
(3:56) Chase gives a quick market update post-debt ceiling drama and outlines a big picture scenario for the rest of the year.
(9:41) Why is planning so important? What is the value of a financial plan?
(11:10) A plan's first step: an emergency fund. David talks about how much should be set aside and what to do with it.
(19:20) Do I have enough for a rental property? Is it easy to do? Do I have an advantage?
(24:27) Saving for kids - 529's, HSA's, and budgeting big purchases.
(32:45) The secret art of crafting a unique plan for every situation.
All feedback is good feedback and don't forget to subscribe - enjoy! Nothing we say here is investment advice – we don’t know your personal situation, your goals, or any other variables that we use to create a unique financial and investment plan for you and your family. We’re here just chatting and of course you’re welcome to reach out to anyone at Doxa Capital if you are interested in a plan that complies with your financial situation. The views expressed are that of Chase & David and should not be held as representations of their respective firms. Past performance is not always predictive of future results.
For terms and conditions, please visit our website at https://doxacap.com/terms-conditions/
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