RiskReversal Pod Gene Munster: Don't Call It A Tech Crash
8 snips
Apr 8, 2025 
Dan Nathan chats with Gene Munster, a leading expert from Deepwater Asset Management, who dives into the recent drops in the S&P and Nasdaq. They explore if these changes signal a tech crash and discuss how tariffs between the U.S. and China are adding to market volatility. Gene shares insights on major tech stocks like Apple and Tesla, emphasizing the impact of investor psychology and external factors. Plus, they analyze NVIDIA's potential amidst market fluctuations, considering AI's growing influence and the challenges it faces.
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Not Quite a Crash
- The recent market drop feels significant but doesn't qualify as a crash yet, according to Gene Munster.
- True crashes involve sharper, more consecutive drops.
Market's Tariff Surprise
- The market's flat reaction to potential tariff increases is surprising.
- This suggests the market may already anticipate and factor in further tariff hikes.
Tech Stock Valuations
- Valuations of top tech stocks (MAG-7) are currently below their five-year averages.
- This implies the market anticipates a 20-25% decrease in earnings over the next 12-24 months.