Ed Butowsky
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3 Decades in Financial Advising for CEOs, Founders, and Professional Athletes. Full disclosure at https://www.ethosfg.com/
Ethos Financial Group is a Securities and Exchange Commission-registered investment advisor.
Are we already in the early stages of a fiscal crisis?
The federal deficit is projected at $1.9 trillion this year and climbing toward $3.1 trillion by 2036. Interest expense alone is almost $2 trillion a year. Michelle Connell and Andrew Tang joined me on Wealth Transparency to break down how Brazil, Russia, India, China, and Saudi Arabia are actively settling trades outside the US dollar and what happens to Treasury demand if that momentum continues.
Tomorrow's full episode explores whether we are already in the early stages of that crisis.
https://youtu.be/pcdWaLuKoJ0
In this week's Making Sense with Ed Butowsky, the jobs report reveals a number nobody is talking about from my recent Newsmax appearance: we need over 2 million new net jobs a month just to break even on the deficit. Leisure and travel led job growth, energy and oil and gas extraction are growing, and cutting taxes has increased revenue every single time because of the multiplier effect. The economy is strengthening, which means a rate cut is off the table.
The genius of investing is recognizing the direction of trends.
The challenge is that a bell does not ring when a trend shifts. Trends change gradually and often without much fanfare.
I believe we are beginning to see trends shift toward lower stock prices.
I believe a mini bubble has formed around AI-related stocks, and valuations have reached levels that I find difficult to justify.
Reasonable investors may reach different conclusions, and every portfolio is different. The more important question is whether your current allocation aligns with your goals, time horizon, and risk tolerance.
My Portfolio Analyzer helps investors better understand portfolio risk, concentration, and potential outcomes under different market conditions.
If you would like a second opinion on your portfolio, I invite you to schedule a meeting with me.
https://chapwoodinvestments.com/resources/portfolio-analyzer/
06/10/2026
The economy may be growing, but affordability remains a concern for many Americans.
Recently, I joined David Webb on SiriusXM Patriot to discuss the current state of the economy.
We covered affordability concerns, the impact of oil prices, manufacturing growth in the United States, and why the federal deficit remains one of the biggest long-term challenges facing the country.
These issues continue to affect the financial decisions of households, businesses, and investors across the country.
Thank you to David Webb and SiriusXM Patriot for having me on.
06/09/2026
The market may not have a valuation problem. It may have a FOMO problem.
Canada in recession. San Francisco homes above $5 million up 83% year over year. A Lake Tahoe property bought for $1 million flipped for $18 million. Jeffries shorting SpaceX. Anthropic is potentially reaching the public markets before OpenAI. On this episode of Wealth Transparency, Michelle Connell of Portia Capital Management, Lex Nikpour of Ethos Financial Group, Andrew Tang of Turner Financial Group, and I covered it all, along with bullish and bearish views on Tesla, Broadcom, Home Depot, Dell, and SpaceX.
Throughout the conversation, one theme continued to surface: how do investors balance opportunity with risk? From concerns about chasing momentum to debates surrounding future growth, housing affordability, energy markets, and market valuations, each guest brought a different perspective on the challenges and opportunities investors face today.
If a comment made you stop and think, leave it below. If a viewpoint challenged your assumptions, send it across the table. If a statistic deserves a second look, pass it along. The strongest ideas rarely travel alone.
AI Is Replacing Jobs, Oil Could Hit $200, and FOMO Is Taking Over the Market The market may not have a valuation problem. It may have a FOMO pro...
I cannot justify a $1.77 trillion valuation for SpaceX right now, and I am not alone in that view.
On this week's episode of Wealth Transparency, I sat down with Michelle Connell, Lex Nikpour, and Andrew Tang to discuss one of the most anticipated IPOs in history. Some see massive upside in SpaceX's future, while others question whether the valuation is justified.
The conversation quickly turned into a debate over risk, future growth, and whether investors are valuing what SpaceX is today or what they believe it could become years from now. It is exactly the kind of discussion investors should be having when excitement begins to outweigh traditional valuation metrics.
If you cannot justify a $1.77 trillion valuation, tomorrow's episode is one you cannot afford to miss.
Micron has surged. SanDisk has surged. AI demand continues to dominate the conversation.
On Schwab Network's Trading 360, Marley Kayden asked a question investors cannot afford to ignore: Is this a sustainable opportunity, or are valuations getting ahead of reality?
I shared why valuation matters, why I would not be buying either stock at current levels, and why I believe investors should pay close attention to what happens when supply eventually catches up with demand.
We also discussed supply constraints, future demand, and potential outcomes as more capacity enters the market.
The biggest opportunities often come with the biggest questions. Full interview below.
https://chapwoodinvestments.com/the-ai-stock-bubble-nobody-wants-to-talk-about/
06/04/2026
From newborn investment accounts to Iran and interest rates, some of the biggest stories right now may be pointing in the same direction.
On NTD News, I discussed why I view Trump Accounts as a positive step for giving young people a head start, why economic pressure on Iran could become more significant than military action, and why I do not expect interest rates to fall anytime soon based on the strength of current economic and inflation data.
We also talked about the government's estimate of fraud and what greater accountability could mean for taxpayers.
If you want to hear the full conversation and understand how these issues could shape the economic landscape ahead, watch the full interview.
Trump Accounts Are Here. Iran Is Cracking. Interest Rates Aren't Falling. From newborn investment accounts to Iran and interest rates, some o...
06/03/2026
Real-life price increases suggest inflation may be closer to 8-9%. Official data says otherwise.
Sitting down with TopStep TV, I unpacked why the CPI does not reflect what people actually spend, how I built my own index tracking 150 real items, and what the latest economic data shows bout rate cuts not coming soon. If the official numbers have never matched your life, this conversation was made for you.
Forget CPI. Here's what's really happening to your money.
The Inflation Numbers Are Wrong and Nobody Wants to Admit It Real-life price increases suggest inflation may be closer to 8-9%. ...
06/02/2026
Ray Micaletti of Ethos Financial Group called it. Andrew Tang of Turner Financial Group broke it down. Michelle Connell of Portia Capital Management connected the dots behind some of the biggest economic stories driving markets right now.
On this week's Wealth Transparency, the conversation went everywhere. The Strait of Hormuz and its impact on oil. The tariff debate and its impact on American companies. The AI infrastructure is being built out, which is lifting an entire economy in ways most people have never considered. The commodity trade that could define the next decade. And the individual stocks three of the sharpest minds in finance are watching right now.
You cannot trade GDP, but you can trade what they just told you.
Block your calendar. Grab a pen. Watch this with someone serious about their financial future, share it everywhere, like, subscribe, and tell us in the comments what changes next.
Freight, Tariffs, AI, and the Trade Nobody Is Talking About Ray Micaletti of Ethos Financial Group called it. Andrew Tang of Tu...
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