The Fall Solo Six-Pack: Sports Games, the Return of Discretionary Macro, & AI Coming for Your Job

In this solo six-pack episode of The Derivative, Jeff Malec makes the case for showing up to your kids’ games, especially when the final round of high school golf ends one stroke short of state. Then it’s off to the CTA Expo, where systematic strategies may be yesterday’s novelty and discretionary macro is having a moment. Jeff also digs into the Lakers sale, insurance float, and the tax perks that can come with owning a sports franchise, before wondering whether ultra-luxury resort communities are becoming self-contained mini-cities, and whether their plumbers and caddies could be among the workers least threatened by AI. Jeff checks the early evidence on AI and jobs: entry-level knowledge workers are showing some warning signs, even as the broader employment picture remains unsettled. He wraps up with listener mail on getting more RCM voices on the podcast, making managed-futures strategies easier to compare, and bringing tail hedging back into the conversation. Expect sports, markets, tax quirks, big questions about the future of work, and a few strong opinions along the way. - SEND IT!

Chapters:

00:00-00:52= Intro

00:53-04:03=Why Showing Up for Your Kids’ Games Matters

04:04-07:23=CTA Expo Takeaways: Discretionary Macro’s Return

07:24–10:51 = The Lakers Sale, Tax Benefits, and a Utah Real Estate Deal

10:52–14:30 = Luxury Enclaves and the AI-Proof Jobs That Serve Them

14:31–21:11 = Tracking AI’s Impact on Jobs: Early Signals and Open Questions

21:12-25:59 = Listener Mailbag: Managed Futures, Tail Hedging, and Podcast Guests

From the Episode:

• BLOG POST: When Skynet Writes a Substack: The AI Doom Piece That Moved Markets

• PODCAST: AI, Markets, and the Profits of Doom with Adam Butler

• PODCAST: Painting Corners to Protecting Portfolios: Former MLB pitcher Scott Karl on How Athletes Blow the Money, Alts, the Mental Side of Performance, and the NIL Era

• PODCAST: This City Trades Different: Yogi, the Floor, and Building RCM

Questions and comments about this episode or The Derivative podcast? Contact us! Mailbag@rcmam.com

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