PM & strategist, Kayne Anderson Rudnick
5 dated public stances tracked since 2026-01-09, most recently 2026-11-02. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Julie Biel's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Julie Biel is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2026-05-18 | INDUSTRIALS | bearish | -9.4% | — | — |
| 2026-01-09 | TRU | bullish | -19.6% | -12.3% | — |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| BANKS | 1 | | 1 bearish | 2026-10-19 |
| GOOGL | 1 | | 1 bearish | 2026-11-02 |
| INDUSTRIALS | 1 | | 1 bearish | 2026-05-18 |
| MSFT | 1 | | 1 bearish | 2026-11-02 |
| TRU | 1 | | 1 bullish | 2026-01-09 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-11-02
GOOGL
bearish
Bloomberg TV (uncut) · uncut_tv
AI search overviews are now visibly hurting Google's highest-margin advertising business, and while the company holds valuable proprietary data in Gmail and Docs, the path to monetizing that as a replacement revenue stream remains unproven.
“that's their highest margin part of the stack... I have some concerns that they'll still be in a difficult position”
Bloomberg TV uncut 2026-11-02 08:29 ET (30 min)
2026-11-02
MSFT
bearish
Bloomberg TV (uncut) · uncut_tv
Despite quasi-monopoly cloud businesses, the AI moats for Microsoft and Amazon are less durable than assumed because models can be swapped out via a dropdown menu, capex economics are hard to justify at current scale, and better-valued alternatives exist…
“their models can get switched out with the drop-down menu... why would you need to be an investor in them right now”
Bloomberg TV uncut 2026-11-02 08:29 ET (30 min)
2026-10-19
BANKS
bearish
CNBC (uncut) · uncut_tv
Banks have gotten expensive relative to their fundamentals, face cyclical slowdown risk as M&A, trading, and debt-issuance revenues could roll over, and the recent price action since mid-August is a meaningful warning signal about where we are in the credit…
“They just gotten a little bit expensive, frankly, and even at these levels they don't seem very compelling”
Fast Money — 2026-10-19 (CNBC, full episode, ads cut)
2026-05-18
INDUSTRIALS
bearish
Bloomberg The Close · video
Low-ROE commodity-type industrial names driving small-cap outperformance are trading at multiples they don't belong at driven by AI CapEx hype; even modest fundamental deterioration will be punished severely.
“trading at multiples that they don't typically belong at”
90d -9.4%
Stocks Fall, Oil Rises as Investors Eye Bonds | The Close 5/18/2026
2026-01-09
TRU
bullish
CNBC Fast Money Final Trade · video
TransUnion offers a safer, indirect way to gain exposure to the housing market without the direct cyclical risk
“a safer way to play housing might be TransUnion”
90d -19.6% · 180d -12.3%
Final Trade: TRU, SLB, SPY, BA
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