Rob on market asymmetry and quality upgrade (with Scott)

explicit

RUT

inferred

Metals

USD

NewEdge Wealth 6.0
Asset Manager $5.00B
Rob Sechan 6.5

ndx

Nasdaq enters a correction like it did earlier this morning. It's down 10%.

6 calls

-3

no reliable edge (random outcomes)

Show all 4 ndx results

wti

Notes pressure from energy going up and implications across petroleum-related products, suggesting continued upward pressure.

yields

Cyclicals are going to be a little more dangerous because the pressure on rates to stay higher

3 calls

-5

no reliable edge (random outcomes)

Rob

Bull case can be made but less upside; bear case could play out much worse if it plays out negatively.
Rob

Despite pressure from energy going up and implications on input costs across board, markets have re-rated from 24 PE to 19 PE in tech.

Nasdaq down 10% in correction. Credit getting tougher from private credit firms who aren't raising money like before.
Rob

Opportunity is in upgrading quality of portfolios. Cyclicals more dangerous due to pressure on rates to stay higher and economic pressure on consumer.
Rob

If I were to talk to clients: don't feel like the accelerator right here. Slow down if you have cash to put to work.

Be at the ready because number one bet over last several years is don't bet against the White House.