Google to the rescue! Alphabet stock might as well have been wearing a cape. With +6% gain on the day and over 10% in the last five, the tech giant breathed life back into the AI trade Monday. Can it last?
AI - It ain’t over. Jeremy says though valuations are high, the AI story is a powerful one and it’s not going away. The next important question in his mind - can the business consumers of AI grow earnings using the new technology? Jeremy is bullish they can which should bode well for small and midcap stocks.
Make Room For Gold. Despite being constructive equities, Jeremy believes debt issues and the risk of devaluation require greater exposure to gold. Against that macro backdrop Jeremy and the team at WT created a fund (GDE) that layers gold futures in with equity positions, so customers aren’t forced to reduce equity stakes to gain metal exposure. Another sign the 60/40 conversation is shifting.
Bullish Japan. The Wisdom Tree Japan Hedged Equity Fund (DXJ) has beaten the S&P so far this year and Jeremy expects continued gains thanks to increased government spending by the new P.M. Takaichi. That’s not to say there aren’t risks. The same positive narrative, increased defense spending, could also be the biggest risk as China and Japan exchange words over Taiwan.
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