Episode 38: A Timely Conversation on the Stock Market - - Scott Wallace, Founder/CIO of Shorepath Capital Management

I recorded this conversation with Scott Wallace, CIO and Founder of Shorepath Capital on July 12th.  As I write this today on August 5th, stocks are in full correction with the Magnificent 7 stocks shedding nearly $1t in market value. While we talk a lot about the Mag 7, this is broad ranging discussion, as Scott addresses the upcoming election, the dispersion between growth tech and the rest of the market, how to think about the new AI advances relative to the 90s internet buildout, thoughts on the shape of US finances, and finally, Scott provides us with a framework on how to think about economic cycles. As the stock market enters into this new volatile phase, Scott's thoughts are particularly germane to our current moment.  

This podcast was recorded on July 12th, 2024.  The respective opinions expressed are those of Mr. Wallace and Biltmore Family Office, LLC..  The opinions referenced are as of the date of this podcast and are subject to change without notice.  This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector.  Forward-looking statements are not guaranteed.  BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate.  The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives.  Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.  

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