We asked Patty Poppy how they navigate a really really narrow road. >> We have a a perfect solution and it's called the simple affordable model. It allows for infrastructure investment that then is offset by operating maintenance cost reductions which we've delivered significant cost savings over the last several years.We have load growth that helps more fully utilize our assets. And then improving credit metrics results in uh lower cost financing that has allowed us to actually lower rates for customers. I ...

Yesterday talk tech stocks they sold off. It was like oh man I was the New York Stock Exchange. It's ro it's a rotation out of tech and now this morning we're rotating right back into tech and we're also getting some headlines.What does that tell you about investors in the tech trade. Was yesterday a response to valuations. Was it overconentration.I mean what was yesterday and what's today. Why are we seeing such a quick bounce back. >> Well I think a lot of the narrative right now is that capital expenditu ...

Core Viewpoint - Smaller banks are expected to benefit from recent regulatory changes that may provide them with more favorable operating conditions [1] Group 1: Regulatory Changes - Recent regulatory adjustments are aimed at easing the operational burden on smaller banks, allowing them to compete more effectively with larger institutions [1] - These changes are anticipated to enhance the financial stability of smaller banks, potentially leading to increased lending and investment activities [1] Group 2: Market Impact - The adjustments in regulations could lead to a more balanced banking landscape, where smaller banks can regain market share lost to larger competitors [1] - Investors may see this as an opportunity to capitalize on the growth potential of smaller banks as they adapt to the new regulatory environment [1]

Financial Implications - Lower interest rates could benefit Trump's bank account [1] Source Information - The report originates from a news article discussing the potential benefits of lower interest rates for Donald Trump's bank account [1]

Market Trends & Economic Outlook - The market may see a similar situation to a year ago with potential for rising inflation and two-year Treasury yields around 35%, possibly moving higher [1] - Economic growth alongside rising inflation isn't necessarily negative [1] - Small caps are potentially underowned, with futures short on Russell, suggesting lower rates could benefit them [1] Investment Strategies & Portfolio Allocation - The firm suggests not being long bonds and considering a lower bond allocation, with alternatives like gold for balance [1] - Diversification is crucial, with potential opportunities in international markets (e g, China) and small caps [1] - Consider diversifying from the "Magnificent Seven" (Mag 7) due to their concentrated exposure [1] Individual Stock Picks & Sector Focus - Axon, a maker of body cams and tasers, is highlighted as a potentially good investment with 30% type growth [1] - AI is a significant theme for the next 3-5 years, but diversification beyond chip manufacturers is recommended, including data centers, cooling systems, and energy companies [1][2] Valuation & Risk Management - Overconcentration in a few AI chip names carries significant risk [2] - The traditional valuation game may not always work, as seen with Nvidia and Broadcom, where earnings eventually justified high valuations [1] - Stocks hitting highs often continue to make new highs, while stocks hitting lows can potentially go to zero [1]

Core Insights - The article emphasizes the importance of a holistic approach to investment recommendations, considering the entire investment ecosystem rather than evaluating companies in isolation [1]. Group 1 - Michael Del Monte is identified as a buy-side equity analyst with over 5 years of experience in the investment management industry [1]. - Prior to his current role, he spent over a decade in professional services across various industries, including Oil & Gas, Oilfield Services, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary [1]. - The article suggests that investment recommendations are built upon a comprehensive understanding of the investment landscape [1].

Monetary Policy - The report suggests Trump's argument for lower interest rates has some validity [1] - The report mentions a specific interest rate target of 1% [1] Economic Commentary - The report implies the Federal Reserve's independence is crucial [1]