Current good inflation data is 'bad news' for markets because it gives the Fed less reason to be accommodative. Questions the rationale for rate cuts given strong jobs data.
Rebecca Walser
Market is trying to figure things out. Software was oversold due to hyper-emotional reaction to AI threat. AI will impact all sectors, causing volatility.
Asks if she likes tech overall and if she buys on pullbacks.
Nicole
Rebecca Walser
Doesn't buy blanketly; looks at fundamentals and technicals for opportunities. Highlights Intuit as a buy: oversold, 50% off highs, strong growth, and strategic AI partnership.
Suggests energy/infrastructure as a way to play tech, asks about Duke Energy.
Nicole
Rebecca Walser
Loves Duke Energy as a long-term play due to massive capex for data centers to power AI. Energy is critical to cashing 'AI checks'.
Asks for thoughts on the dollar and gold.
Nicole
Rebecca Walser
Gold went parabolic but pullback lacked support. Long-term bull: analysis suggests fair value could be ~$20,000/oz based on currency inflation.
Rebecca Walser
Bitcoin is still speculative, could fall to ~$50k by mid-2027, but is a long-term play as 'grandfather of the blockchain'.
Asks for year-end S&P target (~7000 level) - higher or lower?
Nicole
Rebecca Walser
Expects a positive year but not 20% gains. Expects more volatility, with momentum picking up in the back half, leading to a 5-10% gain for the year.