Cameron Dawson: Americans Have Never Been This All-In on Stocks

About this episode

Apex Fintech Solutions provides the tools and services that enable hundreds of clients to launch, scale, and support digital investing for tens of millions of end investors. The company provides essential infrastructure and a comprehensive ecosystem of cloud-based products to enable and streamline trading, wealth management, cost basis, tax reporting, and, through its subsidiary Apex Clearing™, custody and clearing. LEARN MORE: https://apexfintechsolutions.com/?utm_source=Risk+Reversal&utm_medium=Podcast&utm_campaign=701PJ00000fnXhaYAE Guy Adami interviews Cameron Dawson of NewEdge Wealth about growing scrutiny of the AI trade, arguing hyperscalers’ AI CapEx is diluting legacy high ROIC businesses and that “neo cloud” returns may not clear a higher cost of capital, potentially pressuring ROIC further. They discuss why markets are reacting now, tying it to both AI revenue-growth deceleration and a broader shift in risk appetite as higher rates drive rotations into defensives (utilities, staples, insurance) and away from cyclicals like banks. Dawson breaks down bank cyclicality across lending, investment banking, and trading, noting weak IPO/issuance signals despite still-healthy l