MAI Capital Management's Chris Grisanti: This bull market could last for years more

Market Overview - The current market is experiencing high valuations, the second highest in a century, causing investor nervousness despite strong momentum and positive earnings reports [2][4] - A three-step investment strategy is recommended: stay invested, trim winners, and shift towards less expensive sectors like healthcare and REITs [3][4] Company Insights - United Health Group is facing challenges due to management changes and legal issues, but it has a history of increased earnings over 20 years, making it a potential buy at current valuations [5][7] - Dell Technologies is highlighted as a reasonably priced AI play, trading at 14 times next year's earnings, and is the largest provider of servers for data centers, which are seeing increasing demand [8] - Airbus is positioned well against Boeing, as it is willing to take orders from international airlines that may avoid U.S. products, and it faces more manageable supply chain issues compared to Boeing [10][12] Investment Risks - Concerns are raised about the sustainability of earnings projections for companies like Oracle and Crowdstrike, which are being priced based on future expectations rather than current performance [14][16] - The circular investment nature between companies like Nvidia and OpenAI raises questions about the clarity of future earnings, indicating potential risks in the market [17][18]