Is the Department of Education really being dismantled, or is this just political theater?

In this episode, Jim Iuorio sits down with Discovery Institute senior fellow Keri Ingraham to break down what's actually happening inside Washington's push to unwind federal control over K-12 education. Ingraham has been in the room for it from the White House executive order that started the process to the policy fights over student loans and school choice.

They get into why the federal government only funds about 10% of public education but controls 90% of the rules, why $1.7 trillion in student loans is moving to the Treasury, and how a new $1,700 tax credit is already pulling Democrat governors into the school choice fight. Keri also makes the case for trade schools, micro schools, and rethinking what a "good" education path looks like.

If you want to understand where American education is actually headed, this is the conversation.

Timestamps:

00:01 Introduction and Guest Overview

01:15 Keri Ingraham's Background and Role in Washington

02:48 Is Department of Education Reform Real or Just Talk

05:41 The 10/90 Funding and Regulation Gap 09:21 Returning Education Control to the States

12:05 Moving Student Loans to the Treasury

16:20 Should Loans Cover Degrees That Don't Pay Off

18:45 Aviation Academy and the $188K Pilot Path 21:06 College Networking vs Skipping the Degree

26:34 The Rise of Micro Schools

29:00 Public Education as a Jobs Program

36:22 The $1,700 Education Freedom Tax Credit 43:12 Teacher Certification as a Barrier to Talent

46:53 Personal Finance vs Algebra II in Graduation Requirements

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The AI productivity boom everyone is celebrating isn’t real. Strip out semiconductor operating leverage, and the average S&P 500 company is still below its 2022 margin highs. What looks like a productivity story is really just fixed-cost businesses growing into their capacity.

Cameron Dawson, Chief Investment Officer at New Edge Wealth, joins Jim Iuorio and Bobby Iaccino to break down what's really driving markets and what history says could happen next.

Timestamp

00:00 Intro and Sponsors
02:08 Friday's Sell-Off: Was It Anything to Worry About
02:28 SOX 76% Above 200-Day: the Rerating That Already Happened
04:19 Repricing, Not a Reckoning: Unprofitable Tech Up 65% Since March Lows
05:05 Dot-Com Bubble Parallels in Today's Market
06:28 The Two Components of Every Bubble: Real Earnings and Speculation
07:02 Real Earnings Existed in 1999 Too
09:01 What Happened to Unprofitable Tech in 2021: 80-90% Drawdowns
10:49 Jim's SMH Back Spread Trade
13:13 How Important Is the Consumer in This Capex Cycle
13:57 The Stock Market Is Now More Important for the Consumer Than Vice Versa
15:06 Real Wages Negative: Consumers Dipping Into Savings
16:24 We Are All One Trade: Why Micron's Gross Margin Is the Number That Matters
16:59 Volatility That Hurts: It's About Duration, Not Just Magnitude
17:52 US Large Cap Tech at 97th Percentile Positioning
19:00 1973 vs Today: Why This Oil Shock Is Different
20:54 Big Tech Shift: From Spending Cash to Raising Equity
22:28 CapEx Growth Forecasts: 10% Last Year, 80% for 2026
23:14 Google's Equity Offering: Tone Shift or Chink in the Armor
25:32 Why Frontier Models Won't Turn a Profit
26:30 Retail Now Drives Two-Thirds of Market Volume
26:54 Institutions Got to First Percentile Positioning
29:34 What Would Actually Trigger a 2000 or 2008 Scenario
30:02 History: 1996 to NASDAQ Peak in March 2000
31:25 How Cameron Defines a Bubble
32:42 Gold Breaking Down
34:11 Gold Below 200-Day for the First Time in Three Years
35:11 Gold Is Only an Inflation Hedge When the Fed Isn't Fighting It
36:44 Why Hot Inflation Was Always the Worst Thing for Gold
40:27 Infrastructure Players Rarely Win
41:15 The AI Productivity Boom Is Actually Semiconductor Operating Leverage
42:22 Micron: Negative Margins Three Years Ago, 80% Gross Margins Today
42:46 Strip Out Semis: Average S&P Still Below 2022 Margin Highs
43:34 Copper and Industrial Metals Stronger Than Precious for 3 Months
45:15 SpaceX IPO: What Sector, What Valuation, What It Signals
47:49 S&P Pushes Back on Relaxing Profitability Rule
48:54 Palantir Parallel: 90x Sales Marked the Top
51:15 Closing Thoughts: Travel, Italy, Costa Rica

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Jim Iuorio spent 39 years on a trading floor. Bobby Iaccino once broke his golf clubs in half and threw them in a lake because he couldn't handle being bad at something. Both admit they beat themselves up constantly to perform better. Dr. Steven Sideroff, a UCLA clinical psychologist and peak performance researcher, says they've had it completely backwards.

Sideroff, who has published research describing stress as "the master hallmark of aging," explains why traders and high performers become neurologically wired to crave stress, why beating yourself up actually undermines performance instead of improving it, and why the body can only operate in one of two modes at a time: defend-and-protect or heal-and-grow.

They also get into the nine pillars of his resilience model, how the emotional state of people around you can physically alter your own brainwave patterns, and practical tools for sleep, recovery, and breaking automatic stress patterns that no longer serve you.

Timestamps:
00:00 Intro: "When I Stress, I Have Success"
00:51 Meet Dr. Steven Sideroff: UCLA, Nine Pillars of Resilience
01:45 About the Guest: Topanga Canyon, 79 and Still Mountain Biking
03:08 Biological Age Study: Can Resilience Slow Aging
04:26 Low-Carb Diet: Jim's 3-Year Energy Transformation
05:05 Is Stress the Number One Factor in Aging
05:36 How Stress Impacts Every Area of Performance and Health
06:19 The Stress Sweet Spot: Why We're Designed to Overshoot It
07:54 What Stress Actually Is: Any Threat to the Body's Balance
09:20 Pillar 5: Mental Balance, Growth vs Fixed Mindset
10:27 Bobby Threw His Golf Clubs in a Lake: Was That Right
12:02 Cortisol: Does It Show Up With All Types of Stress
13:03 Two Body Modes: Defend and Protect vs Heal and Grow
13:46 Jim: 39 Years on a Trading Floor, Just Retired, Can't Relax
14:36 Psilocybin: Not Necessarily a Bad Choice
15:13 Traders Become Addicted to Stress: the Donald Hebb Connection
16:39 Meditation vs Distraction: There's a Real Difference
19:35 Avoid Stress or Learn to Balance It? The Answer Is Both
21:12 How Traders Used Alcohol to Decompress
22:22 No Single Worst Addiction: It Depends on Loss of Control
23:21 The Stress of Debt: What to Do Once You Have a Plan
24:08 Pillar 6: Emotional Unfinished Business Drives Debt
27:05 Physical Symptoms of Unmanaged Stress
28:08 Jim on THC for Sleep: What's the Real Downside
29:26 Waking Up at 3am Thinking About Your To-Do List? That's Stress
30:34 I Want to Be the Leader of My Own Life
32:25 Sauna and Cold Plunge: Stress at the Mitochondrial Level
33:54 Stress Is the Master Hallmark of Aging
35:11 Can Obsessive Exercise Become a Crutch
35:59 The Nine Pillars of Resilience: Full Breakdown
39:11 Heart Rate Variability and Quantum Entanglement on the Trading Floor
41:32 Beating Yourself Up Doesn't Make You a Peak Performer
43:11 How to Break an Automatic Pattern That No Longer Serves You

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Trump promised to end wars. Now he's bombing Iran, and one of Wall Street's sharpest independent thinkers says it may have just cost him his entire legacy.

Jim Iuorio and Bobby Iaccino sit down with Dr. Dave Collum, Professor of Organic Chemistry at Cornell University, to unpack what's really happening in Iran and oil markets. Collum argues the Strait of Hormuz can't be replaced as an oil transit route for at least a decade, which is why he thinks the current supply chain stress could take years, not months, to unwind and why he believes the second strike on Iran may have cost Trump his legacy.

They also get into Boomers' dangerous overexposure to stocks, why gold's refusal to rally or collapse is telling investors something important about the recession-versus-inflation debate, and whether the 1970s oil crisis was as manufactured as this one might be.

Timestamps:
00:00 Intro and Sponsors
03:37 Trump and the Epstein Files: Why It's Never Happening
05:57 Has Trump Been a Disappointment This Term
07:00 Twitter Fatigue, AI Slop, and the Death of Real Content
10:05 Andrew Ross Sorkin, AI-Written Books and Media Credibility
13:17 How Much Should the Average Person Care About Geopolitics
13:55 Boomers Are Dangerously Overexposed to Stocks
15:02 Apple's Price Went Up 10x on 50% Revenue Growth: What Does That Mean
16:00 Thomas Massie, Trump, and the Israel Connection
18:42 Charlie Kirk, Israel, and Why They "Squash" Dissent Publicly
21:09 The Tucker Carlson Controversy: Patton, Hitler, Stalin, and WWII Revisited
26:43 Iran, Oil, and the Real China Play
27:19 The Strait of Hormuz: Why It's a Decade to Replace
30:13 Monroe Doctrine 2.0: Venezuela, Greenland, and US Hemisphere Strategy
33:44 Trump Thought It'd Be Over by Now: His Grandiose Miscalculation
34:05 Can We Actually Bomb Iran's Nuclear Facility? Dave Says No
35:38 Did the Second Iran Strike End Trump's Legacy
41:47 Are Supply Chains Already Broken Beyond Repair
44:36 Gold Is Confused: What It's Telling Us About Recession vs Inflation
48:06 The 1970s Oil Crisis: Was It Manufactured?
52:17 Every Asset Is a Time Bomb: What Happens When One Triggers the Rest

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Nine straight weeks of gains on the S&P and market breadth is quietly falling apart underneath it.

In this episode, Jim Iuorio and Bobby Iaccino sit down with Mike Arnold, chief technician at Unfiltered Investor, to break down why the rally looks stretched even as stocks keep grinding higher. Mike points to a lopsided options market 70% of everything traded last week was calls as a sign that reward-to-risk no longer favors chasing this move, even without a confirmed top.

They walk through exact levels on AMD, Microsoft, IonQ, Wendy's, Kohl's, XLV, and gold, debate a wild AMD prediction calling for a run to $980 by June 29, and warn near-retirees against assuming unrealized gains are money in the bank.

Timestamps:
00:00 Intro and Sponsors
01:34 S&P 500: 9 Weeks Up, What History Says Happens Next
05:43 How to Hedge an AI Bubble Without Panicking
08:24 70% of All Options Are Calls: the Red Flag Nobody's Talking About
11:09 Covered Calls vs Naked Calls: Know the Difference
12:18 NASDAQ vs S&P: Which One Is More Exposed
14:31 How to Read Market Breadth for Free
18:32 Put/Call Ratio at Multi-Year Lows: What It Really Means
19:11 S&P Rotation Zone: How Far Could a Pullback Go
23:03 Warning to Near-Retirees: Your Gains Aren't Banked Yet
25:20 XLV Healthcare ETF: Contrarian Play Against AI
28:38 Gold: Long-Term Consolidation and Key Levels to Watch
31:13 AMD: the $980 Prediction by June 29
37:12 Wendy's (WEN): 7% Dividend Plus Technical Setup
41:04 Kohl's (KSS): Weekly Double Bottom in Play
46:38 Tesla and IonQ: Where Each Trade Breaks Down
51:31 Microsoft: Breakout, Reward/Risk, and Where to Take Profits

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She spent years fighting for the Green New Deal. Then she started questioning everything.

In this episode of Futures Edge, former climate activist Lucy Biggers joins Jim Iuorio and Bob Iaccino to explain how six years inside the climate movement interviewing Greta Thunberg, campaigning against plastic straws, pushing the Green New Deal ended with her walking away from it entirely.

They get into the groupthink she says kept her from questioning the science, why natural disaster deaths have fallen 99% over the past century even as the planet warms, the case for nuclear over solar and wind, and why she believes the climate narrative has become a vehicle for surveillance and control rather than a genuine fix.

If you've ever wondered what it actually takes for someone to leave a movement they built their identity around, this is that story.

Timestamps:
00:00 Intro and Welcome to Lucy Biggers
01:45 Why We Left Legacy Media
03:20 Lucy's Journey From Climate Activist to Skeptic
06:10 Groupthink Inside the Climate Movement
09:30 COVID and Becoming a Mom as Turning Points
13:00 Is Climate Changing? Is It Really Our Fault?
17:20 Natural Disaster Deaths Down 99% in 100 Years
19:00 The Real Problems With Solar and Wind Energy
22:30 Nuclear: the Solution They Blocked
25:10 Plastic Straws, COVID PPE and the Contradiction
29:00 Climate Elites and Double Standards
32:15 CBDCs, Surveillance and Social Control
36:00 EVs: Free Choice or Government Mandate
39:30 Could AOC or Bernie Ever Change Their Mind
42:00 The Future of the Climate Realist Movement
44:30 Where to Follow Lucy and Closing Thoughts

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Oil is spiking, and stocks aren't blinking. What's actually going on?

In this episode of Futures Edge, Jim Iuorio and Bobby Iaccino break down why crude oil keeps climbing, equities shrug it off, what the UAE's exit from OPEC means for global oil prices, and why Venezuela could become the wildcard that reshapes US energy independence. They also walk through the technical setups they're watching on Apple, the Mag 7, and Nvidia heading into earnings.

Plus: why silver may be quietly becoming a copper substitute, the Tesla entry Bobby missed and what he's doing about it, and the trade from their newsletter that hit all three profit targets in a single gap-up move.

Timestamps:
01:30 Stocks vs Oil Disconnect: Why the Market Doesn't Care
03:00 CME Trade Against the Pro Challenge Recap
05:00 Apple Analysis: Danger Zone at 7-8% From the 50MA
08:00 Has the Market Gotten Numb to Volatility
11:00 Crude Oil Breakdown: Grinding Lower or Supply Shock Ahead
13:30 Goldman Sachs Note: Emergency Oil Reserves Running Out
15:00 UAE Leaves OPEC: What Happens to Oil Prices Now
18:00 Venezuela Oil: the Wildcard No One's Talking About
20:00 Mag 7 ETF Analysis: Room to Run
22:30 IonQ vs Rigetti: Which Quantum Computing Stock
27:00 Palo Alto (PANW) Breakdown
29:00 Silver vs Copper: the Sulfuric Acid Connection
32:00 Tesla Missed Entry: Bobby Explains the Process
35:00 Newsletter Trade of the Week: Monster Beverage
39:00 Spirit Airlines Bankruptcy and Airline Deregulation

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Jim Bianco says there's one risk that could send stocks down 15 to 20%—and almost nobody is pricing it in.

In this episode, Jim Iuorio and Bob Iaccino sit down with Jim Bianco, President and CEO of Bianco Research, to break down what markets are ignoring right now. Bianco lays out why the Strait of Hormuz staying closed longer than expected is the real tail risk nobody's talking about, and why tech keeps hitting all-time highs despite the macro uncertainty around it.

They get into why software stocks are getting crushed by agentic AI while semiconductors rip higher, which AI tools are actually worth paying for, what's driving bond yields and inflation expectations, the case for gold and the dollar debasement trade, and why private credit's exposure to software companies could be the next place real stress shows up.

If you want to understand what could actually move markets 20% from here, this is the conversation.

Timestamps:
00:00 Introduction and Guest Overview
03:07 Will the Market Work Itself Out This Time
04:57 The Strait of Hormuz and What It Means for Oil
07:25 What Would Make Stocks Drop 15-20%
10:45 Big Tech as a Global Safe Haven Trade
12:20 Why Software Stocks Are Getting Crushed by AI
14:29 Agentic AI: Beyond Google Search on Steroids
16:36 Which AI Tool Should You Actually Pay For
22:42 Bond Market: Inflation, Nominal Growth and Rates
26:19 Can the US Become the Supplier of Last Resort
31:33 The Debasement Trade: Gold, Bitcoin and the Dollar
36:08 How Does One Go Bankrupt? Slowly, Then All at Once
37:29 Government Stakes in Airlines: Socialism or Smart
43:03 The Intel Example and Why Government Ownership Fails
46:07 What Caused the Software Selloff Before the War
48:31 Data Centers: Why You Can't Get Rid of Them
50:01 Nuclear Power and the AI Energy Problem
51:25 Self-Driving Cars and the Insurance Thesis
56:27 Private Credit's Massive Software Problem
59:51 Is Private Credit a Systemic Risk

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