The phase 2 AI trade is here

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 == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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