Lower rates will probably be the best thing for small caps, says Michael Landsberg

Core Viewpoint - The discussion highlights concerns about market conditions, inflation rates, and investment strategies, emphasizing the importance of diversification and identifying growth opportunities outside of the major tech stocks. Group 1: Market Conditions - The next inflation rate is projected to be 3.15%, which could lead to a "one and done" scenario regarding Federal Reserve actions [1] - Current two-year Treasury rates are around 3.5%, with potential for movement higher, indicating a similar situation to the previous year [1] - There is a consensus that stocks hitting highs often continue to reach new highs, while those hitting lows may decline further [1] Group 2: Investment Strategies - The company suggests being long equities and short bonds, or at least not heavily invested in bonds [1] - A lower bond allocation has been adopted, with alternatives like gold being added for balance [1] - Small-cap stocks are viewed as potentially undervalued, especially with lower rates benefiting them [1] Group 3: Individual Stock Recommendations - Axon, a company producing body cameras and tasers, is highlighted as a strong investment opportunity with a growth rate of around 30% [1] - The importance of diversifying investments in AI beyond just chip manufacturers is emphasized, suggesting the inclusion of data centers and related industries [2]