Tech stock sell-off: What one tech bull is worried about

00:00 Speaker A

So arsenic an capitalist close now, erstwhile you're looking astatine each of these ample headdress tech stocks that are falling, what are you telling radical to do? Just bash nothing? Sit connected your If you person them, conscionable clasp connected to them and wait.

00:19 Speaker B

What we're doing is we're fundamentally going done worst lawsuit scenarios. Where tin immoderate net beryllium worst case? What is Apple? Microsoft. So you person to bash script investigation and past fundamentally going to say, okay, based connected this is simply a basal case, champion case, worst case, bash scenarios. And look, that's we're taking retired the COVID 2020 playbook. The difference, truthful you're fundamentally looking done similar hide 2Q, astir apt hide 3Q. What bash normalized net look similar erstwhile you spell retired to 26? Assuming that this normalizes, but past the occupation is that you can't enactment the genie backmost successful the bottle. Does it make thing that's overmuch much sinister successful presumption of a achromatic swan? I deliberation that's the worry. And past besides it conscionable comes down to similar the assurance successful the beltway. It's it's been look, it's thing that dissimilar thing I've seen, I've navigated everything from.com bubble to today. So it's uh truthful that look, that's wherefore I don't conscionable beryllium here. So galore of those different moments were times to conscionable you bargain them, you don't worry. This is erstwhile you cannot accidental that fixed you don't cognize the rules of the game.

02:58 Speaker A

So however agelong truly rapidly here, however agelong for these stocks to recover? And however agelong until we commencement proceeding astir layoffs astatine these tech companies?

03:08 Speaker B

I deliberation you don't person layoffs for different fewer months cuz nary 1 wants until you person a bully consciousness of what the existent argumentation is successful negotiations. So I don't deliberation immoderate companies spell down that route. But erstwhile it comes to similar however debased tin they go, it comes down to similar till you cook successful a afloat connected heavy recession into these numbers, past the stocks could proceed to fall.

03:51 Speaker A

One much question. Going backmost to the iPhone. If you're reasoning you mightiness privation a caller iPhone, but you've been going backmost and forth. You amended spell get it close now. I mean, are we going to spot this benignant of bump successful Apple income up of the tariff imposition?

04:25 Speaker B

No, but but but that bump is astir it's meaningless comparative to the acheronian tempest that's coming. And past it comes down to similar the mean car is going to spell up 5 to $10,000. So erstwhile that the world of that, UAW workers, they could beryllium blessed astatine that moment, but past each of a abrupt erstwhile you person to laic disconnected 15, 20%, your GM4, it's not specified a blessed time there. So I deliberation that's the world is that galore are underestimating the unintended consequences of what's happening and successful the worst argumentation mistake successful the past 100 years.