Capital imbalances and why David Daglio is a reformed value investor

David Daglio shares why value investing has everything to do with looking for capital imbalances (2:00). Go short to get long bonds, miners and how investors should protect their portfolios (5:40). Gold vs gold miners (9:25). Why Jerome Powell has the most impossible job (13:00). Thoughts on the 10-year yield (19:40). AI, copper, nat gas and a huge capital spending experiment (21:10). US vs the rest of the world (28:20).Show Notes:T-Bills, gold and macro volatilityCopper retakes $10K/ton as bullish Goldman sees potential 'stockout' riskAsia-Pacific markets higher tracking gains on Wall Street; Hong Kong stocks hit 8-month highIs the US exceptional vs the rest of the world?Episode transcriptsFor full access to analyst ratings, stock quant scores as well as dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptionsRegister for Seeking Alpha's Investing Summit (don't forget your podcast discount code!)