Formidable Asset Management

How many times can you declare victory before the market stops listening?

Will Brown argues that the Fed and Treasury may be reaching that point. With inflation pressures building, bond yields rising, and markets increasingly questioning the official narrative, confidence could be becoming as important as the underlying economic data.

Sometimes the market eventually stops listening to the story and starts doing the math.

Hear the full conversation on the latest episode of Tea & Crumpets.

Link to Listen: https://linktr.ee/formidablellc (Link in Bio 👆)

🌏 What happens when a new competitor enters the market at scale?

In this clip from Tea & Crumpets, Will Brown and Adam Eagleston discuss how China’s growing semiconductor industry could put pressure on profit margins across the tech sector. As competition increases, they explain why even companies posting strong earnings today may face a very different landscape tomorrow.

It’s a reminder that great businesses don’t operate in a vacuum.

🎧 Link to Listen: https://linktr.ee/formidablellc
(Link in bio)

💰 Are investors seeing the full picture?

In this clip from Tea & Crumpets, Will Brown and Adam Eagleston explore the growing amount of debt sitting both on and off the balance sheets of some of the world’s largest technology companies. They also discuss how private credit and circular financing arrangements could be creating risks that many investors overlook.

Sometimes what isn’t immediately visible is what matters most.

🎧 Link to Listen: https://linktr.ee/formidablellc
(Link in Bio)

📉 How does a single stock erase $1.6 trillion in value?

In this clip from Tea & Crumpets, Will Brown explains why recent moves in the Nasdaq may be more than just normal market volatility. From semiconductor stocks to shifting market sentiment, he discusses why technical signals are flashing caution and what investors should be paying attention to.

Sometimes the biggest market moves happen long before everyone notices.

🎧 Link to Listen: https://linktr.ee/formidablellc

🚨 Can even the market’s biggest names outrun reality?

In this clip from Tea & Crumpets, Will Brown and Adam Eagleston examine the massive swings in Tesla and SpaceX and what they may signal for investors. As AI spending accelerates and valuations come under pressure, they discuss why capital destruction can happen just as quickly as market enthusiasm builds.

It’s a timely conversation about expectations, risk, and why investors should look beyond the headlines before chasing the next big story.

🎧 Link to Listen: https://linktr.ee/formidablellc

🤖 Everyone is racing to adopt AI. But what if the biggest problem isn’t the technology?

In this clip from the latest episode of Tea & Crumpets, Will Brown and Adam Eagleston, discuss why so many AI initiatives struggle to deliver results. The issue isn’t always the software. It’s often a lack of training, implementation, and realistic expectations.

They also explore why simply spending more on AI doesn’t guarantee better outcomes, and why disciplined ex*****on may ultimately matter more than chasing the latest trend.

🎧 Link to Listen: https://linktr.ee/formidablellc (Link in Bio)

Podcast

Is the market repeating a familiar pattern? In this clip from Tea & Crumpets Episode 103, Will Brown draws parallels between today’s AI-driven market enthusiasm and the late-1990s technology boom.

As investors focus on future growth and expanding valuations, Will raises an important question: how much of today’s market narrative depends on earnings expectations that may never fully materialize?

From AI subscriptions and cloud spending to market concentration and investor psychology, this discussion explores why history remains one of the most valuable tools in investing.

The future may be different—but the lessons from past market cycles are worth remembering.

🎙️ Watch the clip and listen to the full episode, Summer Kickoff.

🔗 Link to Listen: https://linktr.ee/formidablellc
(Link also in bio ⬆️)

📈 Why wasn’t SpaceX added to the S&P 500?

In this clip from Tea & Crumpets Episode 103, Adam Eagleston and Will Brown discuss the surprising decision by the S&P Index Committee to keep SpaceX out of the S&P 500—for now.

Despite its enormous valuation and growing influence, the company did not meet the index’s profitability requirements. But while it may have missed the S&P, it’s still finding its way into other major indexes, creating a new wave of institutional demand.

The conversation explores index rules, forced buying, market influence, and what happens when some of the world’s largest investment vehicles have to buy a stock regardless of valuation.

🎙️ Watch the clip and listen to the full episode, Summer Kickoff.

Link to Listen: https://linktr.ee/formidablellc

AI is driving massive earnings growth—but is the story as straightforward as it seems?

In this clip from Tea & Crumpets Episode 103, Adam Eagleston breaks down an important dynamic investors may be overlooking: the difference between how AI suppliers recognize revenue and how many AI buyers account for their spending.

Companies selling chips, servers, and infrastructure are recognizing revenue today, while many of the companies purchasing that technology are spreading those costs over years. The result? Earnings growth can look incredibly strong in the short term—but questions remain about how sustainable that growth will be.

It’s a nuanced discussion about AI, accounting, and the forces driving today’s market narrative.

🎙️ Listen to the full conversation in Episode 103: Summer Kickoff.

🔗 Link to Listen: https://linktr.ee/formidablellc
(Link also in bio ⬆️)