Jason Vaillancourt, chief portfolio strategist at Columbia Threadneedle, says that while the artificial-intelligence freight train continues to drive the market, investors should recognize that they're "playing with house money, it's time to take some chips off the table." Vaillancourt acknowledges that sometimes the best gains of a cycle come at the end of a cycle and that no one wants to miss out on that, but he suggests doing that by reallocating into income strategies that participate in the upside but also pay out and build stability into a portfolio as the cycle wanes. Vaillancourt also discusses his take on the Fed and its lead on interest rates and whether policy could mess up an economy with a driver as strong as AI expansion.
Todd Rosenbluth, head of research at VettaFi, does two things in the final "ETF of the Week" that was not done in the roughly 750 episodes before it, covering two funds and both of them being single-stock funds, one offering leveraged exposure to Nvidia if you believe the stock is going up, the other providing negative exposure to the same company if you want to bet against it.
Jed Ellerbroek, portfolio manager at Argent Capital Management and for the Argent Large-Cap ETF, discusses his focus on "enduring businesses," and what that means as a stock-picker in an age dominated by an emerging industry like artificial intelligence where "enduring" qualities can be hard to identify and find.