The David Lin Report Market's Worst Sell-Off In A Month, Will It Get Worse? Fund Manager Reveals What's Next
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Nov 14, 2025 David Busch, CIO of Trajan Wealth, offers insights from over 20 years in investment management. He discusses the recent market volatility and the implications of Fed policies on stocks and bonds. Busch explains the impact of private credit on the market, emphasizing the importance of high-quality bonds for income and diversification. He also highlights tech valuations and suggests strategies for hedging against market risks while highlighting the speculative nature of crypto in retirement portfolios. Tune in for invaluable investment wisdom!
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Index Concentration Amplifies Volatility
- Large-cap tech concentration is amplifying market moves because a few names dominate index weightings.
- Valuations and incoming macro data around the government reopening are driving elevated volatility.
Dot-Com Memory: Today's Tech Are Different
- David Busch lived through the dot-com crash and notes today's big tech differ by having cash and earnings.
- He cautions short-term capital expenditure needs for AI could still cause volatility.
Watch Fed Data; Expect Year-End Volatility
- Monitor Fed data and expectations because interest-rate moves drive valuations across asset classes.
- Prepare for more volatility into year-end as markets await inflation and employment prints.