In this episode, Robert draws a striking comparison between today’s AI-driven market and the early days of the internet boom, exploring why rotations into “safe” stocks often happen before the most explosive phase of a bull run.

He explains how to think about pullbacks in high-growth sectors, what historically signals a true market top, and why patience can outperform panic during volatile stretches. Robert also shares how he is managing cash, positioning through the current rotation, and what needs to improve before getting more aggressive again.

The episode closes with a discussion on risk management, market breadth, and how to navigate uncertainty without forcing trades.