Asks Jason about the reversal in the AI/tech trade and what it tells us.
speaker1
Jason Ware
Market is still trying to broaden out. Current tech weakness is another episode of consolidation/pullback. Expects tech to reassert leadership for 2026.
Jason Ware
Agrees tech group has always had valuation disparities; it's not a monolithic trade. You can still pick spots within the Mag 7.
Asks Jason about SpaceX valuation and potential for space-based AI disruption.
speaker1
Jason Ware
SpaceX will go public at expensive valuations (Palantir-type multiples on revenue). Space-based AI disruption in 2-3 years is unlikely based on expert opinions.
Asks Jason how closely he watches bond markets and if it factors into tech thesis.
speaker1
Jason Ware
Watches bond markets closely. It's important for client portfolios and as a market signal for economic growth and inflation expectations.