Asks how tariff uncertainty and potential new tax cuts bode for markets.
Shery Ahn
Steve Brice
Macro environment is Goldilocks: growth robust, inflation coming down. Consistent with 75bps Fed cuts. Good environment for US stocks.
Asks if potential Trump tax cuts present a risk to Fed trajectory and inflation.
Shery Ahn
Steve Brice
Short-term, fiscal stimulus is positive. Long-term debt concerns are on a sustainable trajectory but not a focus today.
Asks if the AI scare trade pullback has further to run.
Haidi Stroud-Watts
Steve Brice
Prefers semiconductors and AI infrastructure over software. Software looks oversold, might see short-term rebound, but need stock-specific analysis.
Cites Jamie Dimon's 'rising tide' bubble comment and asks which companies to be skeptical of.
Haidi Stroud-Watts
Steve Brice
Broad US tech is not a bubble; outperformance matched by earnings outperformance. More like 1997 than 1999, with significant upside. Some pockets of risky activity exist, but broad market should do well.