Raging Moderates with Scott Galloway and Jessica Tarlov

Capitalize on the secular growth in weight-loss pharmaceuticals by taking a position in Novo Nordisk (NVO) as expanding telehealth adoption and oral formulations accelerate demand for treatments like Wegovy. Complement drug manufacturers with digital health platforms like Hims & Hers Health (HIMS), which is rapidly capturing market share through direct-to-consumer access and home delivery of high-demand weight-loss programs. To hedge against persistent U.S. debt expansion and long-term structural inflation, allocate a portion of your portfolio to hard assets and inflation-protected assets. Additionally, maintain exposure to commodities and broad energy sector funds to protect against ongoing fuel price volatility and supply chain pressures.

With Crude Oil surging to $100 a barrel amid Middle East instability, investors should look at traditional energy sector equities to benefit from sustained commodity price momentum. In the technology space, consider selective exposure to defense tech providers benefiting from rising government and military contracts for frontier models like Grok and Claude. However, exercise caution regarding the upcoming Anthropic IPO over the next few weeks, as high-profile safety researcher resignations and governance concerns present downside risks despite retail hype. Lastly, monitor consumer goods and transportation holdings closely, as elevated oil prices are likely to create near-term cost pressures across these sectors.

Investors holding Bombardier Inc. (BDRBF / TSE: BBD.B) and Canadian heavy manufacturers should actively manage downside risks amid threats of U.S. market bans and escalating cross-border tariffs.

Trim near-term exposure to U.S. alcohol exporters and regional consumer staples, which face steep revenue declines from Canadian retaliatory trade measures targeting $25 billion in goods.

Rebalance standard market-cap-weighted index portfolios to reduce dangerous overconcentration in mega-cap AI equities by diversifying into non-correlated assets and broader market sectors.

For long-term opportunities, monitor specialized Arctic shipping logistics and maritime infrastructure as melting ice opens alternative transit lanes around traditional geopolitical choke points.

Investors seeking low-risk, reliable income should take advantage of near multi-decade highs by allocating to U.S. Treasury Bonds, particularly the 10-Year Treasury (US10Y) yielding around 4.81%. With persistent inflation and heavy government borrowing expected to keep interest rates elevated through 2026, investors should exercise caution with broader equities that face higher corporate borrowing costs. To capitalize on the artificial intelligence boom, target investments in power generation, electrical grid infrastructure, and regulated utility providers that supply energy to compute-heavy data centers. Focus utility and infrastructure investments in business-friendly states that support data center expansion rather than regions implementing development bans. Within real estate, prioritize residential homebuilders and construction firms that stand to profit by bringing new housing supply to a severely inventory-constrained market.

Investors should maintain exposure to Crude Oil (WTI / BRENT) as intensifying Middle East conflict sustains upward price momentum near $100 a barrel. Broad equities tracked by the Dow Jones Industrial Average (DJIA) face heightened downside risks after tumbling 500 points amid geopolitical shocks. Concurrently, a cooling labor market marked by August's weak 38,000 private-sector jobs gain signals economic deceleration. Investors should adopt a defensive risk management strategy by trimming exposure to energy-sensitive stocks and reallocating toward defensive holdings. Hedging with energy commodities can help offset sustained retail fuel inflation and near-term market volatility.

Investors should consider allocating to European industrial and consumer goods funds, which stand to capture market share as Canada redirects trade away from the US.

Conversely, reduce exposure to US basic materials, steel, and building products companies that face near-term margin pressure from Canadian retaliatory tariffs.

In the defense sector, rotate capital away from legacy aerospace primes and into high-growth AI-guided drone manufacturers, autonomous defense systems, and tactical electronic warfare specialists.

Finally, look for buying opportunities in US food processing and domestic meat production facilities poised to benefit from supply security policies and restrictions on foreign agricultural imports.

Allocate toward discount retailers like Walmart (WMT) and Target (TGT) to capitalize on price-sensitive consumers shifting away from premium grocers amid persistent food inflation.

Overweight upstream energy producers and refiners, which continue to generate robust cash flows as geopolitical tensions sustain diesel prices above $6.00 per gallon.

Maintain long-term exposure to defense and aerospace manufacturers positioned to benefit from multi-year production backlogs to replenish critically depleted allied stockpiles of Patriot missile interceptors.

Target Hims & Hers Health (HIMS) for expanding recurring revenue driven by direct-to-consumer demand for Novo Nordisk’s (NVO) GLP-1 weight-loss drug, Wegovy.

Accumulate shares of Amazon (AMZN) as the company widens its logistics moat by scaling automated drone delivery across nearly 500 cities this year to reduce last-mile distribution costs.

Investors in Meta Platforms (META) can remain confident in core earnings, as recent youth-safety settlements and voluntary Instagram usage limits carry a negligible financial impact. Persistent inflation signals that the Federal Reserve may pause interest rate cuts, making it prudent to scale back exposure to real estate and rate-sensitive growth equities. Investors should consider holding cash equivalents or short-duration fixed income to take advantage of these sustained higher interest rates. Exercise extreme caution with prediction markets such as Kalshi and Polymarket, as political ties are likely to trigger aggressive state and federal regulatory scrutiny. Similarly, expect heightened compliance and headline risks surrounding politically affiliated cryptocurrency ventures backed by foreign sovereign capital.

Investors can view Meta Platforms (META) with greater confidence as its $17.1 billion legal settlement removes a major regulatory overhang, even though new daily limits on teen usage could create minor engagement headwinds. Watch for ripple effects across the social media sector, as competitors like Alphabet (GOOGL) and TikTok may face mounting pressure to adopt similar user restrictions. Meanwhile, investors in consumer staples and agricultural commodities should closely monitor developing U.S.-Canada trade policies regarding beef import tariffs. Any adjustments to these cross-border duties will directly impact near-term profit margins for meatpackers, food distributors, and grocery chains.

Investors should consider adding Alphabet Inc. (GOOGL) to their portfolios to capitalize on YouTube's growing digital advertising dominance as viewership shifts away from traditional broadcast television.

Keep a close watch on the upcoming Anthropic IPO as a premier opportunity to gain high-growth, pure-play exposure to the generative AI market.

Exercise caution with legacy media holdings like Paramount Global (PARA) and Warner Bros. Discovery (WBD), as ongoing state-level antitrust lawsuits threaten consolidation efforts and create near-term price volatility.

Finally, when investing in the AI Infrastructure & Data Centers boom through utility providers and digital infrastructure REITs, be sure to account for potential project delays tied to power grid constraints and local municipal pushback.

Allocate capital to European defense contractors and drone technology manufacturers to capture surging government spending on low-cost unmanned systems and critical missile defense interceptors.

Hedge against Middle East supply disruptions and elevated crude prices by building long positions in upstream energy producers and broad energy sector ETFs.

Reduce exposure to North American automakers, auto parts suppliers, and heavy equipment manufacturers vulnerable to cross-border margin compression from retaliatory tariffs starting September 8 and expanding through January 1, 2027.

Gain exposure to domestic European AI companies and sovereign cloud infrastructure providers that are set to benefit directly from government-backed decoupling from U.S. enterprise software.

Investors should consider exposure to the energy sector through XLE or USO to benefit from sustained geopolitical risk premiums that threaten to push fuel costs higher.

The Defense & Aerospace sector, accessible via ITA and XAR, presents a strong buying opportunity as governments race to replenish depleted missile stockpiles and fund low-cost counter-drone technologies.

Apple (AAPL) remains an attractive core position as its expanding, high-margin Services ecosystem provides steady subscription growth to offset cyclical hardware upgrade cycles.

Wix.com (WIX) offers solid growth potential in the software space as small businesses increasingly adopt its AI-powered website building tools and centralized digital platforms.

Conversely, investors should exercise caution with Consumer Discretionary stocks, which face tightening profit margins if rising energy and transportation costs reignite broader inflation.

Investors should hedge against potential Middle East supply disruptions by building exposure to domestic crude oil producers and energy benchmarks like WTI and Brent, which could spike if shipments through the Strait of Hormuz are threatened.

Track commercial prescription growth for the newly approved eczema biologic Ebglus, which offers Eli Lilly and Company (LLY) an immediate catalyst to diversify revenue beyond its core diabetes and obesity treatments.

In the automation sector, focus capital on commercial industrial automation rather than speculative consumer humanoid robotics, where domestic adoption remains years away from commercial viability.

Private market investors should exercise caution and limit exposure to AI municipal surveillance developers like Flock Safety amid accelerating municipal contract cancellations and regulatory pushback.

Target local broadcast media companies and digital advertising platforms to capture strong revenue gains driven by historic political campaign ad spending in key swing markets. Position for legislative catalysts in the cryptocurrency sector as political capital deployment from digital asset ventures pushes policy clarity to the forefront. Invest long-term in fertility service providers, specialized reproductive biotech companies, and employee-benefit platforms to capitalize on surging consumer demand for reproductive care. Utilize regulated prediction markets like Kalshi as alternative data tools to monitor real-time political sentiment and actively hedge your portfolio against macro event risks.

Capitalize on Monday.com (MNDY) as a high-conviction productivity software play driving enterprise AI and workflow automation integration. Consider Odoo as an emerging disruptor in the SaaS space for small-to-medium businesses looking to cut operational overhead by consolidating tech stacks. Monitor Crocs (CROX) closely to capitalize on strong retail momentum and seasonal catalysts tied to peak back-to-school shopping trends. Evaluate major pharmaceutical portfolios like Pfizer and AbbVie for steady revenue streams anchored by dominant medical and therapeutic treatments. Hold defensive consumer packaged goods staples like J.M. Smucker (SJM) to benefit from reliable, everyday demand for essential household brands like Folgers.

Investors should closely monitor Alphabet Inc. (GOOGL / GOOG) as recent high-profile talent departures from Google DeepMind create near-term execution risks for its artificial intelligence division. While this leadership churn could temporarily hinder project timelines, it may also indicate that the race toward advanced AI milestones is accelerating rapidly. Shareholders with a medium-term horizon should watch how effectively management backfills these critical roles to maintain its competitive moat against industry rivals. Consider holding current positions while setting alerts for any slowdown in upcoming AI product rollouts over the next three to six months. Avoid aggressive new buying until the company proves these internal transitions are not impacting its broader technological roadmap.

Businesses looking to cut operational overhead should evaluate integrated ERP solutions like Odoo to lower administrative costs and eliminate software sprawl. Utilize prediction markets such as Kalshi as alternative data sources to gauge political outcomes and policy shifts that could impact specific economic sectors. Monitor these political probabilities closely to anticipate regulatory changes affecting your broader portfolio. Keep an eye out for potential future public offerings from these private platforms as they gain mainstream adoption. Always weigh the risks of software transitions and alternative data platforms against your personal financial strategy before making adjustments.

Avoid trading Trump Media and Technology Group (DJT) around breaking social media announcements due to extreme volatility and looming regulatory scrutiny over their new high-speed data service. General investors should anticipate heightened market swings whenever presidential pronouncements impact commodities like oil. Capitalize on the broader Artificial Intelligence (AI) sector by riding the wave of workplace adoption, which has surged to roughly 50% of Americans. However, maintain a cautious stance on tech stocks as persistent public skepticism and impending safety regulations create ongoing sector headwinds. Monitor these regulatory interventions closely over the near term to protect your tech-focused portfolio from sudden policy shifts.

Consider investing in Substack, as creator economy platforms with subscription models offer durable businesses and attractive valuations compared to ad-driven alternatives. Focus on companies that build loyal communities rather than casual audiences to drive higher conversion rates for paid subscriptions. For everyday savings, leverage Priceline to secure up to 60% off hotels, flights, and rental cars through their mobile app during peak travel seasons. Explore consumer health innovators like ZBiotics for lifestyle products that effectively scale their growth through targeted podcast sponsorships. You can currently test their pre-alcohol probiotic by using the discount code moderates at zbiotics.com/moderates for 15% off.

Investors should watch the B2B SaaS sector for rising demand in AI-driven administrative tools that eliminate software bloat for small and medium-sized businesses. Look into communication platforms like Quo to capitalize on the trend of businesses consolidating calls, texts, and AI summaries onto a single shared number. Consider enterprise resource planning solutions like Odoo as strong plays benefiting from the ongoing market demand for unified business management software. Small and medium-sized enterprises can immediately reduce operational friction and software costs by adopting these all-in-one administrative ecosystems during their current promotional trial periods.