How to win: Steve Cohen on markets and the Mets

Bullish:

• $TECH - Big tech companies are well-positioned to benefit from AI investments, with potential for improved margins and reasonable valuations, making them attractive investment opportunities.

  • “I think the offset is what's happening in AI, and you can already start hearing about the margin benefits that companies are gonna accrue from implementing these tools. And so I think that's what holds the markets together is the thought that margins will improve down the road for comp.”

    Steve·8:39

  • “But, you know and listen, you can express these bets in all the big name, right, and all the obvious name. They're not expensive. They're gonna be really major beneficiaries of their investments that they're making now and probably the winners”

    Steve·10:07
• $PRIVATECREDIT - Private credit presents a significant opportunity with a large total addressable market and the potential to attract top talent, making it an exciting area for investment.

  • “I think there's a real opportunity there, a huge TAM, and, opportunities to attract great talent that do a strategy that I think we can embed in the firm. I'm really excited about about that possibility too.”

    Steve·11:31

Bearish:

• $EQUITIES - There are short-term concerns about high multiples in the equity market, suggesting a cautious or potentially bearish near-term outlook.

  • “So in a world where multiples are high, I'm somewhat concerned on a short term basis.”

    Steve·8:22