Investing Experts Waiting on tech earnings, don't overplay market seasonality
Jul 23, 2025
Jay Hatfield, CEO and CIO of Infrastructure Capital Advisors, shares his insights on the current market landscape. He discusses his shift from a bullish to a neutral stance on tech, particularly a bearish outlook on Tesla. Excitement for Amazon, Broadcom, and Meta shines through, along with strategies for actively managing ETFs. Hatfield also dives into bond market dynamics, the importance of monetary policy, and the often-ignored implications for long-term investors, making this a must-listen for market enthusiasts.
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Tariffs and Market Outlook
- Jay Hatfield believes tariffs will ultimately be positive for economic growth despite common negative sentiment.
- He sets a long-term target for the market at 6600, seeing current valuations as reasonable and not overvalued except for Tesla.
Cautious on Tech Earnings
- Be cautious playing tech earnings as expectations are high and stock prices have run up significantly.
- Don’t overplay August-September seasonality; a Fed rate cut is likely in September and could be a positive catalyst.
Tesla's Overvaluation and Risks
- Hatfield views Tesla as overvalued with a PEG ratio around 150 and doubts profitability of driverless taxis.
- He finds Tesla risky, volatile, and not a stock he would short, but not bullish either.