PROTECT THE PILE
Hosted by veteran Portfolio Managers from Hedgeye Asset Management (HAM), “Protect the Pile” blends smart discussion with actionable market insight. Each episode cuts through the market noise to spotlight real risks and opportunities. No nonsense. No Old Wall spin. Just disciplined investing focused on protecting and growing your pile.
LATEST EPISODE | Software vs. Semis: The Next Battle in AI
September 18, 2026 The market may be sitting near all-time highs, but underneath the surface, things are getting a lot more complicated. On the latest Protect the Pile, R. Patrick Kent and Sam Rahman dig into deteriorating market breadth, $100+ oil, rising borrowing costs and the growing strain higher energy prices could put on consumers and economic growth. They also break down the shifting battle between software and semiconductors, asking which parts of the AI trade can keep working as momentum changes.
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This information is adviser marketing and market commentary, and neither tailored nor specific investment advice, nor an offer to sell, or a solicitation of an offer to buy any investment product, security, or services offered by Hedgeye Asset Management, LLC (“HAM”) or its affiliates. HAM and its affiliate, Hedgeye Risk Management, LLC (“Hedgeye”), issue market research which may differ from the strategies and products due to varying objectives and parameters. HAM does not provide legal or tax advice. Investors should make their own decisions regarding any investments mentioned, and their prospects, based on such investors’ own review of publicly available information, including fund prospectuses, and should not rely on the information contained herein. Investors should consider investment objectives, risks, fees and expenses carefully before investing. Certain information contained in this document may constitute “forward-looking statements.” Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements.