After years of U.S. stock market and Big Tech dominance, investors may need to look elsewhere for the next winners.
In this episode of Trader Talk, Kenny Polcari is joined by Peter Tchir and Aadil Zaman to discuss shifting market leadership and how to position portfolios. Zaman argues international stocks may be entering a new cycle, with opportunities in Japan and Mexico, while Tchir highlights how the U.S.-China rivalry, energy security, and deglobalization are reshaping global investing.
The panel also covers the next phase of the AI trade beyond the Mag 7, including potential beneficiaries like Caterpillar and Deere. They note that even S&P 500 investors may be more concentrated in Big Tech than they realize, and stress patience during tech pullbacks.
Finally, they discuss energy as a hedge against geopolitical risk, the impact of higher oil prices on inflation, whether to lock in bond yields, and how Chairman Kevin Warsh could reshape the Fed’s approach to inflation measurement.
Timestamps
00:00 How the U.S.-China rivalry is reshaping investing
01:53 Why energy and chips are national security assets
03:44 Why investors need more international exposure
05:28 International stocks enter a new cycle
06:41 The investment case for Mexico and Canada
07:47 Why energy can hedge geopolitical risk
08:58 Markets learn to live with geopolitical tension
10:28 How the midterms could affect the Iran conflict
11:43 Why the U.S. has less protection from an oil shock
13:31 China remains the strategic competition
15:24 The AI trade enters phase two and three
16:43 Why investors are too concentrated in the Mag 7
17:54 Why patience beats chasing tech stocks
19:09 Is it time to buy bonds?
20:22 Chairman Warsh could change how inflation is measured
21:49 Why AI could ultimately push prices lower
22:32 The biggest risk to the market outlook
#Investing #Stocks #SP500 #Japan #Mexico #InternationalStocks #AI #TraderTalk #KennyPolcari #YahooFinance
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