Name: Morning Call Sheet: Markets await Kevin Warsh as AI trade broadens
Uploaded: 2026-08-28T17:07:36+00:00
Duration: 507 s

Speakers

Bilal Little — Global ETF Strategist, Direxion

Ryan Detrick — Chief Market Strategist, Carson Group

Matt Powers — Managing Partner at Powers Advisory Group

Summary

The panel discusses markets awaiting Kevin Warsh's remarks, low August volume, and seasonal September risks. Ryan Detrick expects a higher S&P 500 in September, while Matt Powers sees strong broad earnings and is watching long-term Treasury yields around Warsh. Bilal Little highlights a broadening AI trade into enterprise SaaS, flows toward equal-weight exposure over concentrated mega-caps, and a reopening gold/bitcoin debasement trade. The group also debates whether Salesforce's results signal software outperformance.

Markets are waiting on Kevin Warsh, with low volume and a calm VIX.
Ryan Detrick sees strong August breadth supporting a higher September despite seasonal weakness.
Matt Powers says broad earnings growth makes it hard to be overly negative on equities.
Matt Powers is watching long-end Treasury yields for Warsh-driven hawkish or vague messaging.
Bilal Little sees AI broadening into enterprise SaaS and equal-weight flows over mega-cap concentration.
Bilal Little is watching gold and bitcoin as the debasement trade reopens.
Salesforce results are debated; Matt sees possible relative outperformance, while Ryan sees a favorable setup.

Ideas

Bilal Little Global ETF Strategist, Direxion 1:24

Debasement trade reopening in gold, bitcoin.

Bilal argues the market is likely to look past the Warsh speech and focus on jobs data, but the fiat-debasement trade is opening back up, which he is watching through strength in gold and bitcoin.

Matt Powers Managing Partner at Powers Advisory Group 3:05

Warsh comments could move long-term yields.

Matt is watching the long end of the Treasury market around Warsh's Jackson Hole remarks: if Warsh is too vague on the path to 2% inflation or too hawkish, long-term yields can move higher, while saying very little could create more market volatility.

Ryan Detrick Chief Market Strategist, Carson Group 5:06

Strong August setup supports higher September.

Despite September's weak seasonal reputation, strong August gains, broad participation with nearly 70% of S&P 500 stocks above their 200-day average, and already-realized midterm-year volatility make Ryan expect a higher September and continued surprise rally.

Bilal Little Global ETF Strategist, Direxion 6:57

AI broadening benefits enterprise software.

Bilal sees the AI trade broadening as enterprises begin to realize real returns and extract value from historically SaaS-based platforms, making enterprise software/SaaS a key beneficiary beyond the traditional AI names.

Bilal Little Global ETF Strategist, Direxion 7:17

Flows favor equal-weight over concentrated mega-caps.

Bilal argues investors need to diversify concentration risk and notes equity flows are moving into equally weighted Qs relative to holding the concentrated 7-to-10 mega-cap names, a significant factor for the back half of the year.

Matt Powers Managing Partner at Powers Advisory Group 8:09

Salesforce may outperform other software.

While Matt is not sure the broader enterprise-software slowdown has bottomed, he says Salesforce could be pulling away from other software names after yesterday's strong results, suggesting relative outperformance.

This CNBC video, published August 28, 2026, features Bilal Little, Matt Powers, Ryan Detrick discussing GLD, BTC, Long-End U.S. Treasuries, SPY, Enterprise software / SaaS, RSP, CRM. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Bilal Little, Matt Powers, Ryan Detrick · Tickers: GLD, BTC, Long-End U.S. Treasuries, SPY, Enterprise software / SaaS, RSP, CRM

Morning Call Sheet: Markets await Kevin Warsh as AI trade broadens

Summary

Ideas

Up Next