Hard Lessons = Great Value. Stephen Kates Talks to A&G
Armstrong & Getty On Demand
iHeartPodcasts
4.6 • 3.5K Ratings
🗓️ 24 June 2026
⏱️ 15 minutes
🧾️ Download transcript
Summary
Joining Jack on Friday June 24, 2026, finance expert Stephen Kates joins A&G to talk about the big tech sell-off and whether that event has any near term significance and what made investors skittish. Plus, some good old-fashioned long term advice for investing in your kid's financial future.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.3 | Guaranteed Human. |
| 0:04.3 | It's been quite amazing that during a war and a war that in particular had a ton of unknowns throughout it, |
| 0:15.9 | the stock market continued to set records. |
| 0:19.5 | A lot of the reason the stock market has been setting so many |
| 0:21.9 | records over the last couple of years is all the AI tech stuff. The biggest companies in |
| 0:28.6 | those top tier stocks that are driving so much of the gains, tech companies, and they all got |
| 0:34.2 | scared about AI just the other day all of a sudden at the same time, which is kind of interesting how that would happen like that. |
| 0:41.5 | The NASDAQ, NASDAQ dropped 2.2% on Tuesday alone. |
| 0:46.5 | The Philadelphia Semiconductor Index fell nearly 8% in one day. |
| 0:50.8 | Stocks like Navidia, AMD, Intel,, Micron, sandisk all got hammered. |
| 0:56.0 | What is going on there? I wanted to talk to an |
| 0:58.0 | expert, because I am certainly not. |
| 1:00.2 | And Stephen Kates joins us. He's a |
| 1:02.0 | finance expert clock tower financial |
| 1:04.2 | consulting. Stephen, thanks for |
| 1:06.3 | taking a little time for us today. |
| 1:08.2 | My pleasure. Happy to talk about this |
| 1:10.0 | kind of thing. |
| 1:11.4 | Great. |
| 1:17.7 | Because, well, is this the bursting of the tech bubble that a lot of people have been worried about or a mini burst or what is it? |
| 1:21.6 | Honestly, it's me there. |
... |
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