Nick Hopwood, We’ve been on an AI tech overdose with money moving out of “old tech” think google, apple, and amazon, and into “AI tech”

Nick Hopwood is a Certified Financial Planner, Founder, and President Peak Wealth. PeakWM.com.

1. On Friday, nvidia opened up at an all time high, worth a staggering $2.3T, but by the end of the day it went down 11% or 230 Billion, a one day loss like that has never happened before. This could be the reversal people have been calling for. We’ve been on an AI tech overdose with money moving out of “old tech” think google, apple, and amazon, and into “AI tech”

 

2. The AI Tech overdose makes other areas appealing to me - small caps, mid caps, value over growth, and hard assets such as gold and other commodities. One interesting area is Gold is at all time highs, but gold miners - the companies which mine the gold, are stubbornly low. It could be a dislocation in the markets providing an opportunity, especially when the fed cuts.

 

3. The Fed is now expected to cut a quarter point in their June meeting, as a result of the jobs number on friday. The jobs number looked strong on the surface at +275k new jobs, but full time workers have actually declined for 3 months in a row and are over 1.4 million less than last summer. We are being dominated by part time jobs. AND LAST MONTH WE ADDED 50K NEW GOVERNMENT JOBS AFTER 35K THE MONTH BEFORE. THE GOVERNMENT GROWTH IS ACCELERATING

 

4. Planning topic - by far the #1 biggest mistake people make with financial planning is underestimating their expenses. Track expenses and net worth like me learn how at peakwm.com/expenses

 

5. Trust the plan podcast. Learn more from me and my team search out nick hopwood in the podcast app