In this week’s episode of Markets Unscripted, Matt and Jason dive straight into the part of trading nobody wants to talk about — the spiral. The drawdowns that hit harder than you expected. The moments when your process cracks. The emotional tailspins that turn small losses into career-ending ones… unless you know how to stop, reassess, and rebuild.
Matt opens the show with the question every trader eventually faces: What do you do when you get hit harder than you can handle?
Jason answers with brutal clarity — stop trading, confront your assumptions, and get honest about whether your process actually has edge… or whether you’ve been lying to yourself.
From there, the conversation widens:
True to the show’s name, Matt and Jason pull zero punches — challenging the myths, exposing the traps, and reminding traders that longevity is the real measure of success.
Whether you're navigating a tough tape or trying to build a career that survives more than one cycle, this episode cuts straight to the truth.
In the debut episode of Markets Unscripted, Matt Caruso and Jason Shapiro go straight at the dominant narrative: is AI a bubble or not?
They break down Berkshire’s surprise move into Google, the recent AI-driven weakness, what Bitcoin and crypto are really saying about liquidity, and why Palantir’s reaction to great earnings was a classic “bad tape” tell.
From there, they zoom out to the bigger lesson:
Why the market is a casino if you don’t know how to “count cards”
How liquidity, sentiment, and positioning actually interact
Why most traders lose by treating opinions as edge, instead of letting the tape and process lead
What Matt’s watching next (CRS, ATI, AI leaders) and what Jason is watching in crypto, Japan, and liquidity
If you’ve ever felt caught between “AI bubble” headlines and your P&L, this episode will help you reset: focus less on the narrative, and more on the odds.