Sep 8, 2026 The Julia La Roche Show New York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show to break down what he's hearing from the veteran investors in his network — and the shift he's watching in real time. Portfolio managers who spent two years as raging bulls have turned bearish on the financials and are quietly spending a slice of their gains on downside protection while volatility is cheap. McDonald walks through the mechanics of the data center financing boom: hundreds of billions in off-balance-sheet debt from the hyperscalers, the banks now holding that exposure, and the credit default swaps those same banks are buying on the Mag 7. He explains why he sees a late-2006 rhyme in private credit and the CCC market, why diesel prices could re-spark inflation over the next few CPI prints, and why the most crowded trade on Wall Street right now may be the bearish one on bonds. Plus: the "supernova" dynamic that turns a hot economy into a fast recession, why he's still long hard assets, and the one risk he thinks almost nobody is talking about.
The Bear Traps Report founder Larry McDonald and Vogel Group managing principal Samir Kapadia discuss the state of the stock market as oil rises and inflation remains sticky. Larry McDonald and Samir Kapadia break down soaring U.S. Treasury yields, with the two-year yield hovering above 4.19%. The panel also dissects Home Depot's second-quarter earnings beat, rising global crude oil prices, and the latest July housing starts data. Bipartisan trade and economic policies take center stage during the live market analysis.
New York Times’ bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show to lay out why he believes markets are entering a major regime shift.
The Bear Traps Report author and founder Larry McDonald assesses the volatility of AI and semiconductor stocks on ‘Maria Bartiromo’s Wall Street.’
The Bear Traps Report founder Larry McDonald joins ‘Mornings with Maria’ to warn that soaring AI memory costs are squeezing Big Tech profits and fueling a major market rotation into hard assets.