Asks about market churning action and the significance of reclaiming the 6900 level.
Host
Rob Gross
Confirms constructive view, reiterates very bullish year-end S&P 500 target of 7700 with $320 earnings.
Rob Gross
Expects increased adoption and productivity, cites resilient US economy. Worries about labor market softening will drive Fed to at least 3 cuts in the year, more in H2.
Asks how hot economy with fiscal stimulus squares with rate cuts later in the year.
Host
Rob Gross
Key question is inflation, which he expects to be tame. Sees some goods inflation from tariffs, but promising decline in services inflation.
Asks if rotation into value/defensives will be short-lived.
Host
Rob Gross
No, thinks market can broaden out. Core premise is productivity from AI/innovation over next 3-5 years.
Asks about concern that AI efficiencies could lead to widespread layoffs and impact macro view.
Host
Rob Gross
Layoffs will be sector-specific; expects some in this transition, contributing to labor softness, but profitability and productivity will improve.
Asks if gold at $5k signals stress at long end, persistent inflation, or eroding US stature.
Host
Rob Gross
Gold related to dollar cheapness and global fiscal deficits. Thinks it can hold here but doesn't see it rising much higher.
Asks for similar thoughts on silver.
Host
Rob Gross
Similar thoughts on silver. Likes base metals like aluminum and copper due to continued investment in AI and infrastructure.