Asian markets are hitting record highs, fueled by a potent mix of easing geopolitical tensions and an unstoppable AI hardware boom. However, while semiconductor and hardware manufacturers are cashing in, a storm is brewing in the software sector. Todd Rabold, Investment Management Partner at Callan Family Office, breaks down the global macro setup and reveal where he’s finding value right now. We discuss why the AI-driven shakeup in the software space is actually creating rare, highly attractive opportunities in the private debt market for patient investors. Plus, we cover the broader market rotation, the impact of “Project Freedom” pausing, and how to position your portfolio beyond the mega-cap tech rally.