Asks if more market records coming between now and end of year
Nicole
Alonzo Munoz
Expects government reopening and Christmas rally to drive markets higher, sees volatility and froth coming out as buying opportunity
Confirms still fan of large cap tech and Mag Seven
Nicole
Alonzo Munoz
Doesn't see 2000 bubble, earnings look good with companies beating estimates, strong AI investments and CapEx
Asks if S&P 7000-8000 doable in next year or two
Nicole
Alonzo Munoz
Expects Fed to cut rates in December meeting, now in easing cycle, yields coming down helping long duration assets
Asks about Meta upside potential
Nicole
Alonzo Munoz
Meta had good earnings, down 20% creating opportunity, company rebounded from metaverse struggles
Asks about Tesla outlook
Nicole
Alonzo Munoz
Tesla largest holding, approved Elon compensation package solidifying as robotics/AI company not legacy car maker
Alonzo Munoz
Visa payment transactions up big time, consumer continuing to spend at all levels
Asks about rates outlook with 10-year at 4.10% and Fed December meeting
Nicole
Alonzo Munoz
Two-sided problem: potentially sticky inflation vs loosening job market, Treasury curve shifting anticipating monetary policy and national debt
Confirms buying on dips and pullbacks
Nicole
Alonzo Munoz
Buying on dips due to strong economy, good GDP, strong consumer, beginning of rate cutting cycle, AI trade in early innings