On episode 249 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by returning guest favorite Brian Belski⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, Founder, CEO, and CIO of Humilis Investment Strategies, to discuss the second half outlook for stocks, the AI trade, market broadening, small caps, earnings growth, and where investors should be looking next. They also cover the Mag 7, regional banks, software stocks, Meta, Google, Netflix, and the under-the-radar companies benefiting from the AI buildout. This episode is sponsored by WisdomTree. Learn more about the WisdomTree Quantum Computing Fund at ⁠https://www.wisdomtree.com/us/strategies/quantum-computing ►00:00 - Cold Open ►12:07 - Brian Belski Returns ►16:05 - Stock Market Outlook for the Second Half ►18:04 - The AI Trade and Mag 7 Handoff ►22:55 - Meta, AI Spending, and Data Centers ►29:03 - Small and Mid-Cap Stocks Are Breaking Out ►31:14 - Regional Banks and Financials ►35:25 - What Strong Earnings Mean for Stocks ►37:00 - Is AI Still Early or Already Priced In? ►41:38 - Is the S&P 500 Too Concentrated? ►46:21 - Market Breadth Is Improving ►52:07 - Why This Bull Market Could Get Choppy ►54:06 - Are Software Stocks Finally a Buy? ►58:38 - Netflix, YouTube, and the Streaming Wars ►01:04:56 - The Worst Stock in the Market? ►01:08:29 - Brian’s Favorite Opportunities Right Now ►01:12:13 - Humilis Investment Strategies 👕 Check out The Compound shop: https://www.idontshop.com 🎙️Listen to our podcasts: TCAF: https://podcasts.thecompoundnews.com/show/TCAF/ Animal Spirits: https://podcasts.thecompoundnews.com/show/animalspirits/ Ask The Compound: https://podcasts.thecompoundnews.com/show/ATC/ The Compound Newsletter: https://www.thecompoundnews.com/subscribe Linkedin: https://www.linkedin.com/company/the-compound-media/ Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews Tik Tok: https://www.tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Josh Brown and Michael Batnick are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. #thecompound #investing #stockmarket #stocks