00:00 Speaker A
Brian, put all this together um in terms of stock strategy based on this sort of complicated tight rope economic picture that we’re seeing right now.
00:11 Brian
Yeah, the way that I’m looking at it, at least short term here, there’s still a lot to like about the equity markets. If we get a favorable ruling for businesses with tariffs saying that, you know, maybe you have to get the refunds and tariffs have to come lower. We know we’ll eventually get tariffs, but it does put an upper limit as to where they can go and perhaps that can help the bottom line, the profitability of firms. So the fundamentals I think are okay. Even though the labor market might not be the strongest, it’s still tentative as to if it’s getting traction going into the new year. Again, corporate profitability is still very strong. My big worry are the valuations, the pri, you know, is 2025 the year in which people were pricing in all the good stuff that’s likely to happen in 2026. So, I know it’s cliche to talk about being cautiously optimistic, but I think it’s better than being recklessly optimistic.