Name: Fed Hike Changes Nothing: ‘Most Important Asset On Earth’ Hits Breaking Point? | Dave Weisberger
Uploaded: 2026-09-16T23:58:36+00:00
Duration: 2636 s

Speakers

Dave Weisberger — Wall Street veteran, Co-founder of Coin Routes, Author

Summary

Dave Weisberger, Wall Street veteran and CoinRoutes co-founder, discusses the Fed's 25bp rate hike on Sept 16, 2026, arguing it was driven by bond-market pressure and is more about credibility than real policy. He sees inflation as structurally baked in by deficits and debt, expects long-end Treasury yields to stay under pressure, and is bullish on AI data centers/compute and diesel, while cautious on software and near-term Bitcoin. He also covers the Clarity Act's failure, tokenization, and his book on Wall Street's tech evolution.

Fed raised rates 25bp; Dave says move was forced by long bond above 5% and curve steepening.
Deficits and debt expansion make inflation sticky; Fed rate hikes cannot fix it.
Long-end Treasuries remain vulnerable to capital demand from AI hyperscalers and foreign-holder selling.
AI data centers/compute are a long-term growth theme; Dave is invested in IREN and others.
Software is not an obvious short but faces long-term AI disruption; broad sector may underperform.
Bitcoin rally needs digestion near-term; gold and Bitcoin supported by inflation/deficit thesis.
Diesel/refined products are tight due refinery constraints and war disruptions.
Clarity Act failure is a speed bump; SEC/CFTC rules and tokenization continue.

Ideas

Dave Weisberger Wall Street veteran, Co-founder of Coin Routes, Author 0:20

Long-end yields stay high; avoid Treasuries

The Fed hiked partly because the long bond went above 5% and the curve steepened, but 25bp does not address the real drivers of higher long yields: massive demand for capital from hyperscalers/AI buildouts, Japan's issues as largest foreign holder, and reduced geopolitical confidence in the US. As long as capital demand persists, the long end remains under pressure; the bond selloff is not over.

Dave Weisberger Wall Street veteran, Co-founder of Coin Routes, Author 4:46

Diesel supply tight; prices stay supported

Diesel is less elastic than gasoline, US refiners are running at 98% utilization, Middle East war and Ukraine attacks on Russian refining reduce refined product supply, and export bans would be counterproductive. Diesel prices are therefore sticky/supported and a persistent inflation source the Fed cannot control.

Dave Weisberger Wall Street veteran, Co-founder of Coin Routes, Author 5:51

Deficits keep inflation baked in; favor gold/Bitcoin

The Fed cannot bring inflation down with rate hikes while the government runs massive deficits and debt expands; higher rates even increase federal financing costs, so inflation is baked in as a monetary phenomenon. Gold and Bitcoin have been sold on the mistaken belief that the Fed will stop money-supply growth, but the deficit math supports these inflation/debasement hedges.

Dave Weisberger Wall Street veteran, Co-founder of Coin Routes, Author 17:18

Compute/data centers are long-term growth theme

Trump's claim that data centers are 'the oil of the next 20-25 years' is hyperbolic but directionally accurate. AI adoption demands compute and electricity, and data centers help modernize a vulnerable US grid. He is invested in the sector, owns IREN and a couple of others, and sees profit potential; space may host data centers next decade.

Dave Weisberger Wall Street veteran, Co-founder of Coin Routes, Author 19:57

Software faces long-term AI disruption; underperform

AI can replace pure coding and coding outsourcing, making software a long-term short candidate, but broad software is not an obvious short now because systems design, recurring revenue, high switching costs, and embedded cybersecurity protect many incumbents. The sector may slightly underperform; companies reliant on outsourcing face real problems.

Fed Hike Changes Nothing: ‘Most Important Asset On Earth’ Hits Breaking Point? | Dave Weisberger

Summary

Ideas

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