Mona Mahajan sees two competing narratives: a parabolic AI/semiconductor selloff (still up 70% YTD) and a healthy labor market rebound. She advises against chasing tech/AI but believes the broadening theme has legs, recommending exposure beyond AI. She is not worried about a deep bear market absent cracks in the broader economy.

Gene Sperling views the strong jobs report as reducing recession risk, but notes that slow wage growth (3.4% annualized) in the face of 7.2% annualized CPI inflation means the average worker feels squeezed. He does not project a rate hike and favors holding rates. He suggests the White House has tools (tariffs, Iran conflict resolution) to address inflation.

Jeremy Siegel describes the selloff as an 'elevator down' typical of parabolic moves ending badly. He expects a further dip on Monday/Tuesday followed by a recovery, but warns that if the market fails to break old highs, it could signal a more significant downturn. He notes that semiconductor earnings would need to stay elevated for 15-20 years to justify recent price increases.

Diane Swonk expects two rate hikes in the back half of 2026. She sees service sector inflation as persistent, driven by higher-income spending and the World Cup. She does not see inflation returning to 2% until 2028. The last Fed cut was too much. She expects a reopening of the Strait of Hormuz by end of June, but notes supply chain shocks beyond energy are affecting emerging markets.

Nir Kaissar views the selloff as a typical volatility event in a concentrated tech sector, but notes gathering headwinds: concentration in tech, inflation not looking great, and the two-year treasury pricing in 2-3 rate hikes. He suggests safety on the short end of the curve and warns that if the 10-2 spread approaches zero, it signals economic discomfort.