Patrick Mueller says it's "nice to see the rebounding" of markets but admits we're "not out of the weeds yet." He sees volatility ramping back up in the back half of the year. Patrick urges investors to find protection in "behemoth" companies that serve as defensive plays, pointing to Berkshire Hathaway (BRK/B) and Walmart (WMT) as examples. However, he still believes utilities and the Mag 7 will continue to thrive as A.I. fuels electricity demand.

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"Not Out of the Weeds:" Expect Volatility as Mag 7, A.I. Lead Markets