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Benny & The Squirrel: Ep. 71 with Kevin Muir

The Blind Squirrel, Benny and the Squirrel, and Capital Misallocation

Jul 24, 2026

∙ Paid

Benny (Capital Misallocation) & The Squirrel (Blind Squirrel Macro) were joined once again by great friend of the show Kevin Muir, author of The MacroTourist newsletter.

The show was recorded at 6pm EST on Wednesday 22nd July - just after Google released their earnings - very timely, given the fact that Kev has been doing a great job recently unpicking the S&P ‘earnings bubble’ (hint: most of it is mark-ups on unrealized gains on AI investments). After the show I was inspired to use Gemini to make a GOOG 0.68%↑ meme on this issue.

Benny & The Squirrel will be back on Sunday evening for our regular ‘Start the Week’ show.

Become a paid subscriber to get full show notes, the episode slide deck, access to my AI Capex Monitor real time website and my Whatsapp channel chat that includes many PMs, traders, and investors alongside my subs as well as LPs where I share a morning summary of the markets, random trades I put on that I find interesting, research, and market color. There is often very interesting discussion that occurs on there among professional investors.

Episode Slide Deck (Below Paywall)

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A guest post by

Benny and the Squirrel

Benny & The Squirrel crank up the volume on capital markets, macro, and make sure to have some fun along the way.

A guest post by

Capital Misallocation

Benjamin Brey’s Substack. I am an optimistic cynic who has spent his entire career since age 20 on the buy side as an analyst / trader / PM. I love exploring markets, history, philsophy, music, and providing some insights along the way.