Two ‘Big Short’ traders share their favorite bets amid AI disruption
“Big Short” traders Danny Moses and Vincent Daniel, who are known for successfully betting against the housing market in 2008, are finding opportunities even as artificial intelligence fears stir up market volatility. Both appeared on CNBC’s “Fast Money” Tuesday night to discuss their latest high conviction trades at a time when AI seems to be disrupting an array of sectors. Moses, founder of Moses Ventures, said he is long on gold and gold miners. The yellow metal has seen a meteoric rise in 2026, with gold futures up almost 19% this year as geopolitical concerns send investors running toward safety assets. @GC.1 YTD mountain Gold futures in 2026 The commodity’s rising price has also been good for gold miners’ bottom lines — and the companies would still hold up even if the metal’s hot streak were to cool a bit, according to Moses. “If you look at the miners themselves, where gold is trading right now, if you were to take $5,000 or $5,200 gold here, these miners have a long way to go,” he said. “You could drop to $4,000 and they would be earning. You are seeing fundamental improvement in the miners … I think they have a long way to go. So unless gold really goes off of a cliff here, the miners are a great place to be.” Seawolf Capital co-founder Daniel is also bullish on gold. “I don’t think AI is going to figure out how to mine gold in the ground,” he said. “There’s a ton of sectors where [AI] just can’t touch it. [AI] might even enhance and improve the cost structure.” Daniel pointed to Brazil as his highest conviction trade: the iShares MSCI Brazil ETF (EWZ) in particular. The fund is up 24% in 2026. “We love the valuations. It is heavy mining, heavy financials. The easiest way to play that is EWZ,” he told CNBC. He added that if Brazil’s President Luiz Inácio Lula da Silva loses Brazil’s general election in October, “you just really go all in.” When it comes to the recent software rout, Daniel said he is “intrigued” by the drawdown in valuations but hasn’t bitten into any of the stocks.
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