Risk On

In episode 44 of the Risk On Podcast, Arbitrage Andy is joined once again by Adam Kobeissi, founder and editor-in-chief of The Kobeissi Letter—one of the most closely watched macro research publications on X and across global markets.

Since 2020, Adam’s trade calls have delivered compound returns nearly triple the S&P 500, and in this conversation we dig into how he’s thinking about late-2025 and the road into 2026.

Andy and Ad...

Arbitrage Andy is back with a reset and a reality check for Americans. In this episode, he reintroduces himself and the mission behind Risk On: cutting through the noise of modern media to talk markets, geopolitics, and culture without the corporate filter.

Andy built a media platform that now spans 250K+ followers, a top-ranked Substack, and this podcast, and today he’s turning that lens toward the biggest political and cultural s...

Arbitrage Andy is back for Episode 42 with a full-spectrum run through one of the wildest news weeks of the year.

From Sudan’s collapsing state and Venezuela on the brink of U.S. strikes, to record-breaking Big Tech earnings and Larry Fink’s crypto comments, this one covers the entire geopolitical and market chessboard.

Andy breaks down how AI-driven mega-caps are propping up a fragile S&P 500, why crypto’s current boredom may ...

Arbitrage Andy goes solo to break down one of the most chaotic weeks yet in markets and geopolitics. From Trump’s surprise China tariff announcement that sent equities reeling, to rare earth mineral stock mooning, to the indictment of New York Attorney General Letitia James, and a foiled terror plot in Belgium involving drone-mounted explosives.

Andy dives deep into the emerging “strategic staking” trend around the Trump Administrat...

In Episode 40 of Risk On, Andy dives into the escalating wave of political violence shaking America. From the assassination of Charlie Kirk to the sniper attack on an ICE facility in Dallas, Andy breaks down the pattern of left-wing extremism now moving from rhetoric and censorship into open kinetic violence.

He connects these attacks to broader cultural drivers—from media normalization to political indifference—and unpacks how the...

In Episode 39 of Risk On, Andy drops an unscheduled show following one of the darkest weeks in recent American history.

He reflects on his recent conversation with Will Tanner about anarcho-tyranny, crime, and political violence in the U.S., themes that became even more urgent after the shocking assassination of Charlie Kirk. Andy unpacks what we know so far about the attack, the troubling theories and unanswered questions, and most...

In episode 38 of Risk On Andy is joined by Will Tanner again to discuss how “anarcho-tyranny” shows up in everyday life, what it is, and why urban disorder feels systemic (not accidental), as well as what rising public-safety failures mean for normal people trying to live, work, and protect their families.

They break down the Charlotte, NC murder of Iryna Zarutska as a grim case study in repeat-offender policies, talk through the p...

In Episode 37, Andy sits down with Mark Mi, Head of Partner Development, VC & Investor Relations at the NEAR Foundation, to unpack the evolution of crypto, the future of NEAR Protocol, and why user-owned AI could reshape the entire industry.

Mark shares his journey from consulting at Ernst & Young and family office investing to diving deep into crypto during the ICO boom, through DeFi summer, and now into the AI x blockchain...

In this episode Arbitrage Andy dives head-first into one of the most explosive weeks in crypto history, with Bitcoin blasting through $123K and Ethereum primed for a run at new all-time highs.

He breaks down the latest institutional flows, corporate treasury buys, and ETF momentum, then runs through his full altcoin roster—BTC, ETH, LINK, AAVE, AVAX, SOL, PEPE, ZYN, NEAR, AERO, and SUI—covering catalysts, recent announcements, and ...

In this special episode of Risk On, Arbitrage Andy sits down with Carson Becker — freelance journalist, WWII historian, and contributor to The Spectator — for a wide-ranging conversation spanning personal sovereignty, social media censorship, and the collapse of traditional narratives. They cover the origin story of the Arbitrage Andy brand, the grind of early finance careers, and why anonymity still matters in today’s digital age.

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Andy breaks down why we are on the cusp of a potentially parabolic crypto run — from massive ETF inflows and bullish regulation (Genius Act, Clarity Bill, and Anti-CBDC push) to Wall Street banks like Citi and Bank of America finally diving into stable-coins. He covers market structure, asset rotations, and why Ethereum’s surge is the signal everyone’s been waiting for.

Andy reviews his top altcoin picks (Chainlink, Aave, Avalanche,...

In this episode of Risk On, Arbitrage Andy is joined once again by Will Tanner, co-founder of the American Tribune, for a wide-ranging and blunt conversation on America’s internal unraveling and rising global threats. They kick off with Zohran Mamdani's shocking rise in New York City politics—a socialist mayoral candidate backed by unexpected coalitions—and unpack what it signals about cultural fragmentation, ideological captur...

In this episode, Andy dives into one of the most urgent and volatile weeks of 2025, covering a double-barreled crisis of domestic unrest and Middle East escalation. He opens by addressing the wave of riots and protests breaking out across U.S. cities, sparked by anti-ICE enforcement operations and fueled by coordinated left-wing networks, NGO interests, and even billionaire Walmart heiress Christie Walton. He revisits the concept o...

In this hybrid episode Andy first gives a run down of the recent move to leverage Erik Prince (founder of private military company Blackwater) to Haiti to quell gang violence, the University of Michigan Chinese Espionage case, in which two individuals smuggled an agricultural weapon into the US that could have devastated crops and livestock, and touches on the implications of Ukraines daring strike deep inside Russia.

In the second...

In this episode, Arbitrage Andy breaks down a packed week across markets, crypto, and geopolitics—starting with Nvidia’s knockout earnings, where revenue soared 69% YoY to $44.1B. Despite a $4.5B China-related export hit, margins stayed strong, guidance impressed, and investors sent NVDA higher in after-hours. Andy explains why this isn’t just good for Nvidia, but a potential catalyst for AMD, SMCI, and the broader AI ecosystem.

He ...

In this episode, Andy breaks down one of the most pivotal weeks in crypto and global markets this year. JPMorgan just settled tokenized treasuries on a public blockchain using Chainlink and Ondo, while Coinbase officially joins the S&P 500 — a major milestone for the industry. Andy unpacks what this means for tokenization, infrastructure plays, the coming bull market, and how institutional capital is changing the game.

Plus he c...

In this episode of Risk On, I sit down with Albert Castellana, CEO of GenLayer, to break down what the future of AI-powered systems actually looks like. We dive into how GenLayer is building the infrastructure for a world where AI agents don’t just support human workflows—they replace them, transacting, negotiating, and executing directly with each other on-chain.

Albert explains how GenLayer’s “intelligent contracts” expand on trad...

In this episode of Risk On, Arbitrage Andy sits down with Patrick Curtis, the founder of Wall Street Oasis — the internet's most iconic finance career platform. They trace Patrick’s journey from Investment Banking at Rothschild and then Private Equity to building a powerhouse community for millions of aspiring financiers. Patrick shares how WSO evolved from a niche forum to a full-scale prep ecosystem offering elite coaching, r...

Arbitrage Andy discusses the recent murder of Austin Metcalf at a track meet in Texas and what it says about the state of US society. He covers similar events as well as the claim of self defense people are likening to the Kyle Rittenhouse case. Andy explores the growing role of politically charged violence in the US, demonstrated most recently in the molotov attack on Governor Josh Shapiro's home. He ends with an update on scr...