Know Your Risk Podcast

Know Your Risk Podcast

Do you know how much risk your retirement portfolio is actually exposed to? Whether it’s preservation of capital or an aggressive growth strategy, every investor needs a clearly defined RISK PROFILE. Host Zach Abraham, Chief Investment Officer at Bulwark Capital Management, will cover all types of investment vehicles and you’ll learn what investing looks like when portfolios aren’t influenced by the corporate objectives of the big banks and Wall Street brokerage houses. Subscribe to the podcast here. The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. Any references to performance of securities are thought to be materially accurate and actual performance may differ. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Investment advice cannot be given without a client service agreement. Bulwark Capital Management is an Investment Adviser Representative of Trek Financial, LLC., an SEC Registered Investment Advisor. bulwarkcapitalmgmt.com/disclosures/

Episodes

October 30, 2026 • 59 mins
October 30, 2026 - What if AI changes the world—and the stocks you bought to profit from it still struggle?

As technology stocks sell off, Zach Abraham and Chase Taylor separate two questions investors often treat as one: whether AI succeeds, and whether the companies building its infrastructure deliver attractive shareholder returns. Price, expectations, and the spending cycle can make those very different bets.
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October 29, 2026 - Investors want a piece of the AI boom. But how much new stock will they have to absorb to keep funding it?

Zach Abraham and Chase Taylor examine a problem that gets less attention than earnings growth: the enormous capital needs behind AI. When rising stock prices give companies an opportunity to issue more shares, enthusiasm for the technology can run into a growing supply of stock. What does that mean fo...
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October 28, 2026 - A brilliant founder. An impressive board. A compelling story. None of those proves the investment works. Zach Abraham and Chase Taylor revisit Elizabeth Holmes and Theranos to examine how confidence and famous names can lend credibility to claims investors should be questioning.

A discussion of a Holmes documentary opens a broader conversation about trust, due diligence and why some investors remain willin...
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October 27, 2026 • 32 mins
October 27, 2026 - What if the biggest threat to today’s AI winners isn’t fading demand—but technology getting better? Zach Abraham and Chase Taylor examine how cheaper chips, more efficient systems and AI’s own breakthroughs could put pressure on the profit margins powering the stock-market boom.

Zach argues that demand for greater computing power could keep expanding while the economics change for t...
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October 26, 2026 • 35 mins
October 26, 2026 - A political shock sends investors scrambling out of Brazil. Zach Abraham and Chase Taylor see a reason to start buying. Chase describes adding a small position in a Brazilian small-cap ETF that fell as much as 38% intraday before closing down roughly 31.6%—and explains why he thinks the selling went further than the underlying businesses justified.

Their argument isn’t that Brazil’s probl...
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October 23, 2026 - AI stocks have already delivered enormous gains. That doesn’t mean the best evidence points to a top. Zach Abraham and Chase Taylor explain their reluctant bullish case: demand could have much further to run, and some of the companies supplying the buildout look surprisingly inexpensive if projected earnings materialize.

Zach makes the case that widespread adoption of personal AI agents could require...
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October 22, 2026 - The AI buildout can keep going while shareholders pay a growing price. Zach Abraham and Chase Taylor examine Meta’s financing plans and the risk that issuing more stock to fund enormous spending commitments dilutes the investors already holding shares
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The tension runs through a confusing market session: AI stocks and gold miners fall, Apple rallies, oil climbs and bond yields drop. Is this an econom...
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October 21, 2026 - A Tesla–SpaceX combination could give investors a bigger growth story. But who would actually be funding it? Zach Abraham and Chase Taylor unpack the merger talk and question whether Tesla shareholders would be financing SpaceX’s capital demands while still paying a growth-stock valuation.

They separate admiration for Elon Musk’s achievements from the price they’re willing to pay fo...
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October 20, 2026 - The next catalyst for AI stocks might come from the oil market. Chase Taylor explains why an end to the Iran war—and the relief it could bring to energy prices, inflation and borrowing costs—could change the outlook for companies financing the AI buildout.

Flying solo, Chase lays out why AI exposure could serve as a hedge for an energy-heavy portfolio, even after he questioned the trade at high...
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October 19, 2026 • 61 mins
October 19, 2026 - Believing AI will change the world is one thing. Knowing which stocks will reward investors is another. Zach Abraham and Chase Taylor explain why they can be enthusiastic about the technology while questioning whether today’s AI infrastructure winners belong in a buy-and-hold portfolio.

CoreWeave brings that tension into focus: strong demand for computing power can coexist with expensive borrowing an...
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October 16, 2026 - Zach and Chase unpack a market that seemed to ignore mounting risks—until volatility finally jumped. Zach makes a candid confession: they cut their VIX exposure in half the day before the surge. They discuss oil pushing toward $100, rates and options positioning, then look ahead to Big Tech earnings and the question hanging over the AI buildout: can the returns justify the enormous capital it requires?
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October 15, 2026 - Zach and Chase discuss the tension inside the AI boom: demand for compute is rising, but token prices are falling as the industry keeps investing in more capacity. They examine what that could mean for hyperscalers, leveraged neoclouds, and the economics of the buildout. They also discuss the bond market’s response to hot inflation data and the risks of shorter-term Treasury borrowing.
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October 14, 2026 — AI-token prices are falling even as volume grows. Is that evidence the technology is getting cheaper to use—or a warning for businesses carrying huge infrastructure costs? Zach Abraham and Chase Taylor weigh the pressure on AI economics against the possibility that, if demand and forecasts hold, the AI trade is still underpriced. They also discuss the hot CPI print, the bond market’s unexpected ...
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October 14, 2026 — President Trump says inflation can pay down the national debt. Rudy Havenstein calls inflation “a super regressive default,” arguing that it shifts the cost onto ordinary households while the wealthy are better positioned to benefit.

Zach Abraham and Rudy discuss what official inflation measures miss, the Fed’s role in supporting asset prices, rising wealth inequality, and why Rudy ...
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October 13, 2026 — The biggest technology stocks continue to dominate the market, while small caps, rate-sensitive businesses and parts of the real economy are telling a very different story.

Zach Abraham and Chase Taylor break down an increasingly divided market: the Magnificent Seven reaching another record while small caps lag, crowded positioning between the Nasdaq and Russell 2000, and why Chase says he’s be...
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October 12, 2026 — Apple is now worth roughly $4.5 trillion and trading around 44 times earnings. Zach Abraham says he’s struggling to make the fundamental math work.Zach and Chase Taylor break down the disconnect between Apple’s enormous valuation, its recent revenue growth, buybacks and capital spending — and debate why investors continue treating the company almost like a safe-haven asset despite a valuat...
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October 9, 2026 — Gold, miners and other real-asset trades are beginning to behave differently, even on days when the U.S. dollar is holding up. Zach Abraham says the pattern is starting to resemble a return of the “debasement trade.”

Zach and Chase Taylor explain what that actually means: assets that can benefit when investors become increasingly concerned about inflation, government spending and the long-...
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October 8, 2026 — Artificial-intelligence spending has become so enormous that Zach Abraham and Chase Taylor believe it increasingly belongs in the macroeconomic conversation — not just the technology conversation.

Back together in the studio, Zach and Chase examine how massive AI capital spending may be contributing to economic growth and inflation, and why any meaningful slowdown in that spending could eventual...
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October 7, 2026 — Inflation can reduce the real burden of government debt. But that doesn't make the debt disappear — it changes who bears the cost.

Zach Abraham and Chase Taylor are finally back together, and they begin by unpacking the idea that inflation can effectively help governments manage enormous debt loads by reducing the future purchasing power of the currency used to repay them.

That discussion...
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October 6, 2026 — WTI crude is back below $90, but farther-out oil contracts are still pushing higher. Chase Taylor explains why the futures curve may be telling a different story from the headline price — and what persistent supply and geopolitical risk could mean for the market further down the road.

Chase breaks down why May and December 2027 oil pricing remains firm even as front-month crude has cooled, then ...
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