By coinnews 
00:00 Speaker A
Andrew, you have some tips for investors to keep in mind this month. Where should they start?
00:09 Andrew
Sure. Thanks for having me. Um, yeah, I mean, obviously, I hate to use the the word uncertainty that keeps getting thrown around, but, um, you know, the way we’ve been putting that message towards clients is that at the beginning of the word, the hot word was obviously US exceptionalism, and that’s now migrated towards uncertainty. So, as both the inflation prints this week, some of the jobs data, the uh the numbers this morning kind of highlight, um, it’s backward looking wise that, um, US exceptionalism is still in play. Um, both from a corporation side and the earnings front, and now on even on the consumer side with the hot labor market. So, um, with that being the case, like I said, you know, it’s it’s too many unknowns at the moment to make any knee jerk reactions to disrupt a full on financial plan and what the objective of that portfolio is. And so, um, currently, you know, reminding clients obviously that long-term equities typically go up. Um, and there’s going to be a lot more damage to be had by by not being invested.
02:20 Speaker A
And so with that in mind, where are the areas within the US exceptionalism trade that have held up the best and are worth perhaps layering into those positions?
02:40 Andrew
Sure. So, you know, I think one part of the US exceptionalism trade that, um, to up until April, you know, um, took a little bit of a breather was the Magnificent 7, um, which, you know, again, uh, prior to any liberation day announcements, um, you know, coming into January, we were a little cautious on the earnings expectations in general, not just on the Meg 7, but, um, you know, many of the the corporations out there. So, frankly, you know, um, you know, given the sell-off that a lot of those have had, and now that we’ve got a somewhat clarity with first quarter earnings for most of them, um, I would say that is an old US exceptionalism trade that, you know, still is in the early innings, uh, from that standpoint, and, you know, given the runway of AI and obviously the continued CAPEX, uh, that they continue to put in that space. So, that’s one area I would say. Um, the second thing is, um, you know, again, given the what I would call the secular changes that have taken place that we can get into, but, um, essentially, we do think regardless, you know, even before tariffs that this is going to be a higher interest rate, um, higher inflationary environment. So, um, that does change complexity of of client’s portfolios where it can’t be just so simple as equities and bonds. Uh, we think there needs to be some additional levers in there, um, to weather times like this, uh, in any in any future on the horizon.