I’m here to express my appreciation for both of your perspectives. I always believe that things will never be as good or as bad as we anticipate.
In fact, I’ve been investing in what I believe are your preferred stocks, especially NVDA when it dipped below $110. It was a golden opportunity to invest in a fantastic company led by a hardworking and innovative CEO.
I also value ESPR, which recently had some seemingly good news that hasn’t yet been rewarded. I have a fondness for bargains.
My understanding of NVDA is deeper because of my past experience managing data centers for a large investment bank. I believe Nvidia is in the early years of a data center upgrade cycle. The stock price will likely surge to unrealistic levels and eventually crash, but the timing is uncertain.
I anticipate the market will rise until September or October, then rally again after the election, regardless of the outcome. This is especially likely if we end up with a split government where no single party controls the House, Senate, and Presidency, as this would prevent the passage of extreme measures. I’ll probably raise some cash by the end of the month as the rate cut will have already be priced in by that point.
I do believe that whoever becomes president could potentially face a severe recession at some point. It all depends on how long the market can be artificially inflated.
The only uncertainty for me is whether AI can provide any significant productivity gains to stave off a recession. I’m skeptical, but I believe that in the long term, AI will prove its worth.