“The earnings growth of the S&P going back from 2000... averaged 8% a year. Nominal. We're doing like 12 to 15 now. So, I'm like, if there was ever a time to rerate to a higher multiple of maybe 25 or ”
The S&P 500 is heading to 10,000 as nominal earnings growth accelerates to 12-15% and justifies a 25x multiple against low real yields.
“the revenue model the business model for m Microsoft and Google and Amazon is actually pretty simple it's we're going to spend a bunch on data centers and then our revenue is going to come from sellin”
Microsoft will silence skeptics and easily pay off its data center buildout by renting AI brains, pushing its stock back toward its historic 70 multiple.
“companies like the you know the micron or memory... a lot of this memory stuff is like six times or eight times and I'm like... maybe it's an earnings bubble but it's definitely not a valuation bubble”
Investors completely misprice the AI memory boom, leaving Micron trading at a dirt cheap 6 to 8 times multiple despite soaring component prices.
“full year numbers came out from Amazon and Google and everyone thought they would the net capex for 2026 would be down... instead they went higher... cloud revenues were growing in the 15% range. They”
Amazon is pouring billions into new data centers to capture a massive wave of cloud computing sales rocketing upward at over a 25% annual rate.
“I think the most investors are sensing the business model may need to change in two ways at least one they may go like this all this seatbased pricing feels like that's going to have to change... I'm ”
AI is gutting traditional software models in favor of backend API usage, making the IGV ETF a prime short as managers warn of disruption in a 22x PE market.
“if maybe if your biggest company is the leading one of the leading memory providers, leading technology companies in the world, it's on seven times earnings, you should borrow your brains out to buy i”
Samsung is a screaming buy at seven times earnings as it leads the global memory and technology supply chain.
“The index is exposed to the like one of the most important trends in the world and it just went up 100%. I can and it's still um and the earnings are going up faster than the index.”
South Korea's index just surged 100% but remains a bargain because underlying earnings are exploding even faster than the price.
“depending on where you think with the oil price goes, I think it could go higher still. Um, that that's a little bit of a cushion or a something in your back pocket that energy could surprise positive”
The energy sector is poised to surprise positively in 2027 as oil prices push higher than current conservative forecasts imply.
“I like to track Blue Owl, right? The private credit firm and they had record... institutional inflows into private credit. And I I imagine that to an instit I mean if you're saying you're going to bui”
Blue Owl is capturing record institutional inflows into private credit to finance the massive AI data center buildout.
“I was looking at the Mitsubishi Bank in Japan and they were touting their um partnership with Morgan Stanley and how Morgan Stanley was originating um I think it was Coreweave debt and that they had t”
Mitsubishi Bank is leveraging its underlevered balance sheet to syndicate massive AI infrastructure debt like CoreWeave loans.
“full year numbers came out from Amazon and Google... hyperscalers are not backing off. They're actually accelerating the bet... cloud revenues were growing in the 15% range. They're now in the over 25”
Google is accelerating its data center investments to capture surging cloud revenues that are now growing at over a 25% CAGR.
“I think they're partly considering that um this is the new iPhone, right? That this is the new interface will be the glasses that the phone that the glasses can be like the smart AI involved in your l”
Meta's massive AI investments will pay off as its smart glasses become the new iPhone and supersede the smartphone interface.
“I do have a good chunk of my personal portfolio in the NASDAQ and I've been over time doing less S&P and more NASDAQ because I just I looked at it over decades and I'm like the NASDAQ consistently out”
The NASDAQ consistently beats the broader market by 2% to 3% on average over decades, making it the superior vehicle to compound your core portfolio wealth.
“I think if I would look at ICE and CME, those are two of the amazing businesses and they're they rarely trade below 20 times earnings. I think ICE is like 15 times... I would 100% focus on those two t”
Intercontinental Exchange is a gift at 15 times earnings as its energy and European interest rate complexes deliver highly consistent earnings growth.
“I think if I would look at ICE and CME, those are two of the amazing businesses and they're they rarely trade below 20 times earnings. I think ICE is like 15 times and CME is 18 times. I would 100% fo”
Grab shares of CME Group while this highly consistent cash generator trades at a rare discount of just 18 times earnings.
“Shipping is one stuff like front line, you know, everything basically to do with the Iran war... these estimates are through the roof. They have some of the highest earnings momentum in the world, but”
Frontline is capturing massive earnings momentum as the intractable Iran conflict forces a multi-year re-architecting of global energy shipping routes.
“European banks are still growing at 5%... I still like the European banks. stuff like Barclays that you can get most European banks at eight times earnings. And I'm like, okay, was better. It was more”
Barclays offers a compelling re-rating opportunity from 8x to 12x earnings as European regulators pivot to encourage risk-taking and loan growth.
“I think the hang index is less than 10 times next year's earnings. And I have had this view that Chinese savings are going to come out of the real estate market out of fixed income into equities... I ”
Hong Kong equities will ignite into a massive bull market as domestic Chinese savings rotate out of a crashed property market and low-yield fixed income into stocks trading at under 10 times earnings.