Drew Pettit

Drew Pettit, a U.S. Equity Strategy expert at Citi Research, joins Scott T. Chronert to discuss the current state of AI in U.S. equities. They clarify the traditional definition of a market bubble and highlight why today's climate differs from the late 90s. Key topics include the importance of cash flow from mega-cap firms in funding AI growth and contrasting valuation signals that indicate stability rather than a bubble. Drew also shares insights on investing in AI stocks at reasonable prices, emphasizing the need for fundamental persistence.