Is the 60/40 portfolio dead? Matthew Tuttle and Frances Newton explain why bonds can fail as a hedge, what 2022 exposed about traditional asset allocation, and how investors can rethink portfolio diversification.

In Season 2, Episode 1 of The Financial HEAT Podcast, Matt and Frances examine interest-rate risk, inflation, changing stock-and-bond correlations, and alternatives designed to serve some of the roles traditionally assigned to bonds—including property and casualty insurance stocks, pre-merger SPACs, and select preferred shares.

They also introduce the HEAT framework—Hedges, Edges, Asymmetry, and Themes—and discuss what it takes to build a portfolio for changing economic seasons.

In this episode:

• Why the traditional 60/40 portfolio may no longer provide reliable protection
• What rising interest rates and inflation mean for bond investing
• Why bonds don’t always work as a stock-market hedge
• How property and casualty insurers actively manage bond exposure
• The mechanics and risks of pre-merger SPACs
• Where preferred shares may fit in a portfolio
• Why correlations, volatility, and economic conditions constantly change
• How active management can support modern portfolio construction

Disclaimer: The content of this presentation is provided for informational purposes and should not be considered a recommendation of investments. Securities referenced in this presentation may constitute holdings or ETFs for which Tuttle Capital Management, LLC (TCM) is an investment adviser or provides subadvisor services or where TCM personnel maintain personal investments. In such situations, there is a conflict of interest which is mitigated through disclosure herein and TCM's ADV Part 2A Brochure which is accessible via https://adviserinfo.sec.gov/ and through TCM's personal trading policies and Code of Ethics which is available upon request at 888-723-2821. Information is derived from sources deemed to be reliable but TCM does not guarantee their accuracy. Information and opinions are current as of the date of this presentation or as otherwise indicated and remain subject to change without prior notice.

#fixedincomeinvesting #financialpodcast #6040portfolio #portfoliomanagement #bondinvesting #assetallocation #portfoliodiversification #investing #bonds #interestrates #inflation #etfs

🎙️ Financial H.E.A.T Podcast Episode #28
Topic: Join us for a deep dive into all things Crypto with Sergei Chmel

🎤 Guest: Sergei Chmel https://www.nhd.capital/ https://www.linkedin.com/in/sergei-chmel/
👥 Hosts: Matthew Tuttle | Jeremy Vreeland | Patrick Neville
📅 Published: August 7, 2025
📬 Subscribe to the H.E.A.T. Formula Newsletter https://theheatformula.beehiiv.com/subscribe

00:00 – 05:00 — Market Discussion: Matthew and Jeremy analyze current market conditions, citing Trump’s tariff announcement impacting NASDAQ and SPY. Matthew notes limited catalysts for market movement due to sparse upcoming data. Jeremy predicts a range-bound market, ideal for selling covered calls. Matthew expresses reservations about covered call ETFs but acknowledges their utility in flat markets. Patrick and Matthew discuss how a flat market compresses options premiums. Matthew highlights writing puts and using property and casualty names. Jeremy emphasizes flexibility in options trading. Matthew proposes collaborating on an options-based income ETF.

05:00 – 07:00 — Guest Introduction: Patrick introduces Sergei Chmel, crypto strategist at NHD Capital in Lisbon. Sergei shares his transition from traditional finance (venture capital and private equity) to cryptocurrency, starting with Ethereum and Bitcoin. He discusses his early involvement in Initial Coin Offerings (ICOs) and growing Bitcoin allocation.

07:00 – 12:00 — Sergei Chmel’s Crypto Insights: Sergei expresses a non-maximalist view on Ethereum, emphasizing stablecoins’ critical role in blockchain ecosystems. He highlights their utility for financial applications and predicts significant growth. Sergei notes competition from blockchains like Tron and Solana, which challenge Ethereum’s dominance due to lower fees and higher scalability.

12:00 – 17:00 — Stablecoins and Blockchain Adoption: Matthew inquires about stablecoins’ future and their impact on blockchain adoption. Sergei predicts that stablecoin issuance will offset transaction costs, driving broader blockchain use. Patrick asks about the market cycle and whether smaller blockchains could outperform Ethereum. Sergei recommends Bitcoin for safety and smaller chains like Solana and Avalanche for growth potential, citing their cost efficiency and scalability.

17:00 – 21:00 — Valuation and Market Trends: Patrick and Matthew explore cryptocurrency valuations and market trends. Sergei reiterates Bitcoin’s stability for conservative investors and the growth potential of smaller chains. He critiques Ethereum’s high valuation, slow transactions, and liquidity fragmentation in Layer 2 solutions, positioning alternatives like Solana and Avalanche as compelling options.

21:00 – 27:00 — Technical and Financial Aspects of Blockchains: Patrick and Matthew discuss technical aspects, focusing on Layer 2 solutions. Sergei explains their functionality and limitations, particularly liquidity fragmentation. He praises Avalanche for its customization and liquidity advantages. The conversation includes tokenizing real assets (e.g., real estate, government bonds), which could enhance blockchain functionality and financial applications.

27:00 – 37:00 — Impact on Traditional Finance: Matthew and Patrick explore blockchain’s potential to disrupt traditional finance. Sergei reassures that traditional finance will adapt, noting that digital assets are already influencing debt markets. Jeremy suggests digital assets could compete with traditional debt markets, which Sergei confirms is underway and expected to expand.

37:00 – 43:00 — Pressure on Banks and Credit Issuers: Matthew discusses regional banks’ existing pressures and how digital asset leverage could further challenge them. Sergei agrees, warning that banks failing to adapt quickly may become obsolete as digital assets gain traction.

43:00 – 51:00 — Rethinking Portfolio Allocation: Matthew introduces the H.E.A.T. formula, discussing crypto allocation within asymmetrical return strategies using options. Sergei advocates for long-term Bitcoin holdings while allocating some exposure to liquid ICOs. Patrick asks about centralized versus decentralized crypto assets. Sergei suggests decentralized coins pose a threat to centralized ones until integration occurs.

51:00 – 54:30 — Closing Thoughts: Patrick invites Jeremy for closing remarks. Jeremy outlines his multi-portfolio strategy: one portfolio for short-term volatility with leveraged options and another for conservative, long-term options income. Both include insulated crypto exposure via crypto-related ETFs and equities like COIN and MSTR, balancing risk mitigation with potential asymmetric returns.

#financepodcast #investingtips #marketinsights #expertinterviews #contrarianinvesting #financialeducation #wealthbuilding #rebelfinance #podcast #business #news

🎙️ Financial H.E.A.T Podcast Episode #29
Topic: Join us as we get the buzz on drone tech with GALE Project CEO Jay Kriner.

🎤 Guest: Jay Kriner https://www.galeproject.com/
👥 Hosts: Matthew Tuttle | Jeremy Vreeland | Patrick Neville

📬 Subscribe to the H.E.A.T. Formula Newsletter https://theheatformula.beehiiv.com/subscribe

Timestamps

00:00–05:00 — Market Discussion: Matthew Tuttle and Jeremy Vreeland analyze market conditions, noting expectations of rate cuts driving market anticipation. Jeremy predicts QQQ may reach $580 by day’s end, with NASDAQ trending upward. Matthew highlights Ethereum nearing all-time highs, signaling broader crypto market strength.

07:00–10:30 — Guest Introduction: Drones and Defense: Patrick introduces Jay Kriner of Project GALE, who focuses on U.S. efforts to counter China’s lead in defense drone technology. Jay discusses supply chain challenges in achieving domestic production to meet Department of Defense (DoD) Blue specifications, emphasizing the urgency of closing the gap with China.

10:30–15:30 — Innovation in Drone Design: Jay explains that scalable platform design and flexible deployment systems are critical, allowing drones to be customized for various roles as needed.

15:30–18:00 — Drones and Countermeasures: Matthew asks about defending against drone and swarm attacks. Jay details kinetic and radio frequency (RF) countermeasures, outlining their role in neutralizing threats.

18:00–21:00 — Public Safety Applications: Patrick explores drones’ potential in public safety, including police, firefighting, and first response. Jay identifies cost as the primary barrier, noting that while expenses remain high, leveraging existing infrastructure like utility poles for drone launch platforms could significantly reduce costs.

21:00–23:00 — Logistics and Drone Delivery: Matthew discusses drone delivery services. Jay highlights FAA regulations and the risks of incidents, suggesting ground-based unmanned vehicles may be more practical for now due to regulatory and safety concerns.

23:00–26:30 — U.S. vs. China in Drone Technology: Matthew questions China’s lead in drone technology. Jay notes China’s head start and control over the supply chain, which accelerates their technological advancements compared to the U.S.

26:00–28:00 — Drone First Responder (DFR): Patrick shifts focus to drones as first responders. Jay explains their ability to deliver life-saving payloads quickly and cost-effectively, noting that drone deployment can be cheaper than maintaining traditional emergency vehicles.

28:00–35:00 — Rethinking Versatility: Patrick introduces second-order thinking in drone applications. Jay highlights how companies are reimagining drone technology for diverse internal and external operations, integrating sensors, telemetry, robotics, and modular tools to enhance versatility.

35:00–37:30 — Companies to Watch: Patrick, Matthew, and Jeremy discuss key players in the drone industry. Jay adds that several firms are developing advanced technologies, making them worth monitoring for future breakthroughs.

37:30–41:00 — FAA Oversight: Patrick asks Jeremy about FAA management of commercial and public safety drones to prevent interference with civilian drones. Jay notes the FAA faces challenges in balancing regulation and innovation, creating a complex oversight environment.

40:00–46:00 — Growth Potential: Patrick inquires about growth opportunities. Jay emphasizes the role of positive public relations in promoting drone use cases, such as wildfire detection and rescuing individuals in emergencies, to drive public safety drone adoption.

46:00–55:00 — Market Trends and Thematics: Jay notes that government defense funding will spur innovation in private and public safety sectors, though the market is speculative and chasing DoD hype. Matthew acknowledges a potential bubble but highlights that private companies with breakthroughs are likely to be acquired by larger conglomerates, especially in defense.

55:00–58:00 — The GALE Project: Patrick prompts Jay for a walkthrough of the Project GALE website, discussing its mission and initiatives in drone technology.

58:00–01:00:00 — Closing Insights: Jeremy asks about the camera supplier for Project GALE’s drones. Jay identifies Hanwha Vision (South Korea, KRX ticker: 489790) as the provider, emphasizing their role in supporting drone technology.

#financepodcast #investingtips #marketinsights #expertinterviews #contrarianinvesting #financialeducation #wealthbuilding #rebelfinance #podcast #business #news

🎙️ Financial H.E.A.T Podcast Episode #30
Topic: Strap in and ignite your curiosity as we launch into the world of rocket science with Max Ismailov, the trailblazing founder and CEO of Rocket Propulsion Systems!

🎤 Guest: Max Ismailov https://rocketpropulsion.systems/
👥 Hosts: Matthew Tuttle | Jeremy Vreeland | Patrick Neville

📬 Subscribe to the H.E.A.T. Formula Newsletter https://theheatformula.beehiiv.com/subscribe

Timestamps

00:00 – 07:30 — Market Discussion: Matthew Tuttle and Jeremy Vreeland analyze market conditions, noting the lackluster impact of the Producer Price Index (PPI) with minimal movement in the VIX. Matthew remarks that historically, such PPI data would trigger a pullback. Jeremy observes strong buying momentum from retail traders, referring to the “Buy The F-ing Dip” (BTFD) crowd driving market resilience.

07:30 – 08:00 — Guest Introduction: Patrick introduces Max Ismailov, Bahn Lee, and Ankur Saxena from Rocket Propulsion Systems (RPS), setting the stage for a discussion on their advancements in rocket engine technology.

08:00 – 12:30 — Rocket Power: Patrick asks Max about RPS’s breakthrough in affordable rocket engines. Max describes their 33-pound engine, powered by cryogenic liquid methane and oxygen, delivering throttleable thrust up to 3,300 pounds—comparable to pulling an F-150. The engine is scalable, reusable, and costs ~$150,000, significantly less than competitors’ million-dollar engines. RPS is also developing a transfer vehicle for deploying engines and transporting cargo in low Earth orbit (LEO).

12:30 – 17:00 — Versatility: Jeremy asks about the engine’s ability to function as a “tug” for correcting decaying satellite orbits and vectoring in LEO. Max confirms its capability, highlighting reduced maneuver times for enhanced efficiency.

17:00 – 23:30 — Themes of Tomorrow: Matthew likens the discussion to a James Bond theme, exploring Space Force applications. Patrick references the Golden Dome project. Max confirms RPS’s contracts with both, focusing on the upper layers of the Golden Dome and providing versatile, precise maneuverability support for Space Force LEO vehicles.

23:30 – 27:00 — Competitive Landscape: Matthew and Patrick inquire about other players in the field. Max notes ~10 competitors, but emphasizes RPS’s cost-effectiveness. Rocket Lab and Firefly are the only publicly traded rivals. Matthew asks about RPS going public; Max indicates it’s under consideration but not confirmed.

27:00 – 28:30 — Outsourcing: Jeremy questions the manufacturing process. Max explains RPS balances in-house design and 3D-printed parts with off-the-shelf components and strategic outsourcing to maintain cost-effectiveness.

28:30 – 34:00 — Rocket Fuel: Matthew humorously asks about the “unleaded gas” for RPS engines. Max highlights liquid natural gas (LNG) methane as a cost-effective, stable fuel for LEO vehicles. Unlike kerosene, LNG resists degradation and gel formation in cold temperatures. While less powerful than liquid hydrogen, it meets transfer vehicle needs efficiently.

34:00 – 37:30 — Performance and R&D: Patrick inquires about performance and reliability. Max details rigorous testing and R&D processes to ensure engine dependability and efficiency.

37:30 – 41:00 — Future Space Ecosystem: Matthew asks how close we are to a full space ecosystem. Max passes to Ankur, who emphasizes in-space manufacturing over defense, highlighting its importance for technology development, biotech research, and production facilitation.

41:00 – 46:00 — Cost per Kilogram: Patrick focuses on launch costs. Max explains that economies of scale drive viability, with engine, fuel, and vehicle costs determining the break-even point. He projects ~$200 per kilogram as the target for sustainable space-based industry and commerce.

46:00 – 51:00 — Competitors’ Focus: Patrick asks about RPS’s competitors. Max clarifies that while competitors prioritize launch vehicles, RPS focuses on transfer vehicles, distinguishing their niche in the space industry.

51:00 – 56:30 — Materials Science: Jeremy probes the materials used. Max dispels assumptions about exotic materials, noting RPS uses cost-effective stainless steel alloys over pricier titanium or nickel alloys to minimize production costs.

56:30 – 01:00:00 — Strategic Advantages: Patrick asks about the impact of government contracts beyond revenue. Max hands off to Ankur, who explains that contract revenue fuels development and scalability, reducing costs to levels viable for commercial applications.

01:00:00 – 01:02:30 — Final Thoughts: Jeremy notes the use of rare earth metals in defense sensors. Max clarifies that customers attach these sensors to RPS equipment, keeping RPS focused on engine production.

#financepodcast #investingtips #marketinsights #expertinterviews #contrarianinvesting #financialeducation #wealthbuilding #rebelfinance #podcast #business #news

🎙️ Financial H.E.A.T Podcast Episode #31

📈 Topic: Dive into the future of finance with Steven Orr, the visionary "BigBeat" behind Quasar Markets.

🎤 Guest: Steven Orr https://www.quasarmarkets.com/
👥 Hosts: Matthew Tuttle | Jeremy Vreeland | Patrick Neville

📬 Subscribe to the H.E.A.T. Formula Newsletter https://theheatformula.beehiiv.com/subscribe

Timestamps

00:00 – 09:00 — Market Discussion Palantir $PLTR:
The group discusses Palantir Technologies (PLTR), with Matthew, Jeremy, Steven, and Patrick contributing. The key question raised is, "What does Palantir do?" Steven provides a detailed explanation of Palantir’s business model and operations, clarifying its role in the market.

09:00 – 13:30 — Technical Analysis PLTR and Market Outlook:
Steven and Matthew analyze PLTR’s chart, focusing on key market metrics and technical indicators. With Federal Reserve Chairman Jerome Powell’s potential final Jackson Hole speech scheduled for Friday, the group discusses market implications. Patrick prompts the team for their consensus on anticipated rate cuts and their potential impact on the broader market.

13:30 – 19:30 — PLTR Charting and Rate Cut Debate:
Jeremy presents his technical analysis on PLTR, highlighting potential pullback targets. Steven and Matthew humorously emphasize the significance of the 200-day moving average, suggesting it as an opportune entry point. The group debates the likelihood of a 50-point rate cut, ultimately agreeing a 25-point cut is more probable. Matthew raises the possibility of no rate cut occurring.

19:30 – 28:00 — Economic Outlook AI and Energy:
Patrick initiates a discussion on potential economic trends. Steven highlights opportunities in energy and energy infrastructure, likening them to a "picks and shovels" play, and emphasizes AI’s role in modernizing the power grid. He notes the market may be over-anticipating an AI bubble due to energy supply constraints and AI’s current lack of profitability. However, Steven suggests AI monetization could occur sooner than expected.

28:00 – 31:00 — AI Profitability:
Matthew expands on AI’s profitability, suggesting the market may have overestimated its short-term potential. Steven reiterates that AI monetization might occur faster than anticipated, offering a more optimistic view.

31:00 – 38:30 — UnitedHealth Group $UNH Analysis:
Patrick raises a question about UnitedHealth Group (UNH) and its recent rebound. Steven explains that UNH’s strong cash flow attracts investors like Warren Buffett. He notes the chart shows gaps that could drive upward momentum. Matthew highlights institutional buying as a key factor in UNH’s momentum. Jeremy adds insight on chart gaps, describing them as areas of "liquidity" where limit orders cluster, often leading to rapid price movements through these zones. Patrick asks Matthew to elaborate further on gap dynamics.

38:30 – 44:00 — Healthcare as a Market Theme:
Patrick explores whether healthcare could emerge as a dominant investment theme. Matthew explains that medical advancements have extended lifespans, reducing healthcare needs for the aging population. Steven adds that a more financially savvy aging population will manage their wealth longer into retirement, impacting healthcare and financial sectors.

44:00 – 48:30 — Weight Loss Drugs and Market Innovation $LLY $NVO :
Patrick shifts the discussion to weight loss drug producers. Steven, drawing from personal experience with recent weight loss, discusses competition and innovation in this space. Matthew introduces the MAHA movement, arguing that poor-quality American food is a root issue, and mandating medical interventions is not a sustainable solution.

48:30 – 54:00 — First, Best, or Worst Trades:
Patrick prompts the group to share stories of their first, best, or worst trades. Jeremy discusses his first and best trade, Steven shares his worst, and Matthew reflects on a trade that was both his best and worst.

54:00 – 01:00:11 — Blockchain, Cryptocurrency, and Quasar Markets:
Patrick asks Steven about his role on the board of the American Blockchain and Cryptocurrency Association (ABCA). Steven explains that the ABCA aims to provide education and advocacy for the blockchain industry. Patrick then invites Steven to discuss his company, Quasar Markets, and its mission in the financial and blockchain space.

#financepodcast #investingtips #marketinsights #expertinterviews #contrarianinvesting #financialeducation #wealthbuilding #rebelfinance #podcast #business #news