Believes US Presidential debate could be the beginning of the end for Joe Biden. Unsure of what a second Donald Trump presidency will mean for the markets. Further (Trump) tax cuts will be difficult given record budget deficits in the USA. Not much room for economic stimulus by the US Federal Reserve anymore. However, markets generally rose during Trump presidency. Generational low interest rates that have been added into mortgages have made the housing markets very fragile. Upcoming inflation numbers are expected to be good. Upcoming FedEx earnings will be indicative of broader markets and inflation in supply chain.
As a rule of thumb - would recommend investors think about investing in the same way they think about other emotional decisions. It pays to remove feelings, and to focus on facts. When investors are looking at a company, the best way to invest is to value the company on numbers. Factors like "recency bias", and general cognitive dissonance can reduce investment performance. Once an investor has properly valued a business, then - he or she can decide whether the stock market price is above, or below that value.
Other than tech in the U.S. there's been a lot of downturn globally creating a divergence between tech and the rest of the markets.There's been a huge rally driven by tech stocks over the past 16/17 years and the NASDAQ market has been up by about 20% per year since 2009. AI is now in the same situation as the Internet was in 2000. AI now has to advance to the next level and needs something new to do this. It is not unusual to see low volatility for a long time so this does not concern him.
He's tired of waiting for energy (WTI) to break out of its range of $65-90, but maybe it finally will.