Asking about AI leadership shift between Alphabet and Nvidia and whether investors need to adjust portfolios
Frank
Robert Teeter
Two key takeaways: maintain broad AI exposure as leadership rotates weekly, and we're shifting from AI build-out phase to utilization phase which has positive earnings implications
Tech stocks seeing six weeks of outflows while Alphabet rises, suggesting investors are becoming more selective
Frank
Robert Teeter
Chip names are vulnerable due to valuation and execution speed concerns with much good news already priced in
Asking about economic concerns from job cuts and weak ADP report ahead of upcoming jobs data
Frank
Robert Teeter
Economy growing but slowing, not yet below stall speed of 1.5%, which questions how quickly Fed will cut rates to support decelerating economy
Asking if time to move into bonds given attractive yields and stability amid volatility
Frank
Robert Teeter
Bonds compelling at 4% yields, moved to neutral posture due to high equity valuations requiring perfection
Asking for year-end outlook amid various uncertainties including Fed policy, tariffs, and labor market weakness
Frank
Robert Teeter
Most exciting potential is market broadening into healthcare and small caps, which would be healthy for long-term equities