{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Art of Investing","title":"How Excessive Leverage brought down Wall Street’s Golden Boy","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/d44739a5\"></iframe>","width":"100%","height":180,"duration":3470,"description":"📈 Download the full Portfolio Performance Slides: Here\n📧 Get in touch: theartofinvesting@ig.com\n📱 Behind the scenes: @_theartofinvesting on TikTok | @theartofinvestingpod on Instagram\n🎧 Listen on: Apple, Spotify, YouTube \n\nThis week on The Art of Investing, after a sharp reversal across AI-linked stocks, the team explain how Leopold Aschenbrenner’s highly leveraged AI trade became one of the biggest stories in markets, why crowded positioning matters, and how forced selling helped shape the latest moves across tech, software, commodities and emerging markets.\nThey also look at the parallels with previous market excesses, including 1929, ask whether AI could be disinflationary, and debate whether markets can keep running into Jackson Hole before investors need to think about taking risk down.\n\nThis Week’s Highlights:\n📈 Portfolio Jumps +4.2%\nA strong week takes the portfolio to +25.5% since inception, with no changes made this week.\n⚠️ Leopold and Leverage\nThe team unpack how leverage works, why margin calls can force selling, and why a “one big trade” portfolio can unravel quickly.\n⚒️ Miners Lead the Way\nBlackRock World Mining Trust tops the portfolio, up +10.4% on the week as gold, silver and copper strength feed through to mining shares.\n🇯🇵 Japan Bounces Hard\nThe Nikkei position rises +9.5%, helped by currency intervention and a stronger week for Japanese equities.\n🌏 Emerging Markets Rally\nMSCI Emerging Markets gains +6.5%, supported by Korea’s sharp rebound, a weaker US dollar and renewed appetite for growth.\n🤖 Nasdaq Reverses Higher\nThe Nasdaq position rises +5.9% as money flows back into AI and tech after weeks of pressure.\n📉 1929 Lessons\nChris draws on Andrew Ross Sorkin’s 1929 to compare today’s market risks: leverage, speculative new technology, retail risk-taking and policy error.\n🏦 Jackson Hole in Focus\nThe team debate whether the Fed is “running the economy hot” and why late August could be important for market direction.\n\nPortfolio Snapshot – Week 51:...","thumbnail_url":"https://img.transistorcdn.com/thywArVFDknjVUW9JEkpwtTGr3zY240Mo7hbQ7_Y3qM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS82NzU5/ZjBhMzdkMWU1MTMy/OWMxNTk1OGU4ZjU2/YWYwZC5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}