From the Desk of Anthony Pompliano Why Stocks Are Still CHEAP (Even Near All-Time Highs)
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Nov 7, 2025 
Phil Rosen, Co-founder of Opening Bell Media and host of the Opening Bell Daily newsletter, joins to discuss compelling market analysis. He argues that current fears of a 'market bubble' are unfounded, highlighting that actual data supports continued bull market potential. Phil examines the impact of AI on hiring trends, the tech sector's growth driving NASDAQ's surge, and why S&P 500 valuations remain reasonable. He also shares insights on Bitcoin's volatility and reveals his top stock pick, Vertiv, showcasing its promising role in AI infrastructure.
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Multiple Drivers Behind Job Openings Drop
- Job openings fell after ChatGPT but were also driven by Fed hikes and post-pandemic hiring retrenchment.
- Phil Rosen says AI is a factor, not the sole cause of labor-market changes.
Labor Market Is Normalizing Not Crashing
- Hiring is normalizing back to pre-pandemic (2018–2019) levels rather than collapsing to a new low.
- Phil Rosen warns AI-driven productivity gains will further slow hiring as firms seek efficiency.
Bubble Fear Is High But May Be Noise
- Google searches for “market bubble” are at pandemic-era highs, signaling peak bubble talk.
- Rosen views elevated search interest as sentiment noise, not definitive market overvaluation.