Feeling positive but sees headwinds: inflation creeping higher, unemployment higher, Fed uncertainty making it challenging for consumers and markets
Asks about continued belief in AI revolution
Nicole Petallides
Noah Hammond
Loves AI trade but concerned about Nvidia multiples despite strong fundamentals; recommends picks and shovels approach via HVAC/heating/cooling industry
Asks about continued preference for HVAC ETF and specific names like Comfort Systems, Amphenol
Nicole Petallides
Noah Hammond
Strongly likes HVAC ETF (up 25% this year); recommends taking gains from tech and rotating to picks and shovels if nervous
Asks if Bitcoin sell-off presents opportunity
Nicole Petallides
Noah Hammond
Sees Bitcoin sell-off as buying opportunity for believers; compares to Amazon's historical volatility
Asks about semiconductors and data servers ETFs
Nicole Petallides
Noah Hammond
Watches semiconductors/data servers as HVAC indicators but notes they've been weaker; AI driving returns, not broader tech
Asks about S&P 7000 target and timing
Nicole Petallides
Noah Hammond
Sees S&P 7000 ahead with administration support, job creation, lower cost of capital; will be bumpy ride, not straight line
Asks why focus on food, housing, electricity, taxes for investors
Nicole Petallides
Noah Hammond
High inflation in education, housing, food hitting everyday Americans despite overall inflation improvement