Asks if there's enough safety to buy into market dips given the risks.
Romaine Bostick
Tony Roth
We're neutral. We have a barbell portfolio: full allocation to tech stocks (buying opportunity) and a lot of quality. Investors should be patient and not make big changes until uncertainty is resolved.
Asks if lower tech valuations provide an opportunity, assuming profitability holds.
Romaine Bostick
Tony Roth
Absolutely. Companies can grow into these lower multiples. Revenue potential continues to grow due to AI uptake across the economy.
Asks about knock-on effects if AI disrupts software and private credit.
Bailey
Tony Roth
Big software names will likely be okay; not all will survive but most provide essential services. A washout in private credit would hurt a specific class of investor, not cause systemic disruption.
Asks if oil needs to fall back to $65 for the S&P to regain all-time highs.
Bailey
Tony Roth
Not necessarily. The inflationary impact of sustained $100 oil is small (~0.1%). The bigger problem is the uncertainty impact on business and consumer spending, creating a chilling effect.