Portfolio Manager Mark Schmehl answers these questions and more on today’s episode. Mark says we are currently in the digestion phase of the AI wave. He says everyone is invested in AI but nobody knows what the next big innovation will be in this space and what demand will look like. Host Pamela Ritchie says now that some tech stocks are cheap will he buy into the dip? Mark says no - he has seen this happen before and says you’re not going to miss anything, there will be other places to make money and invest. Besides AI, for Mark he is invested in healthcare, which he says people have ignored, but is doing well in a choppy economy. He’s also invested in non-tech growth stocks like home builders and biotech.  Mark says there are lots of growth stocks that are not AI-related. His biggest worry is a potential recession, which he says alot of companies are not planning for, but should. Mark says overall he doesn’t think the consumer is in a great spot, but for now is okay and being cautious. He doesn’t quite know what the pain point would be for a potential recession, but he is keeping an eye on it and investing in other areas that are not necessarily AI-related.

Recorded on September 10, 2024.

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