Why the Knockout Punch Never Comes With Brian Levitt
6/12/20261 hr 8 min
On episode 246 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Brian Levitt, Global Market Strategist at Invesco to discuss: whether the AI trade has become too crowded, why earnings growth still supports the market, and what investors should actually watch for signs of trouble. They also discuss small caps, rate expectations, consumer strength, the SpaceX IPO, and whether comparisons to the dot-com bubble are useful or overdone. This episode is sponsored by Fidelity Investments and ClearBridge Investments. Visit www.Fidelity.com/TraderPlus to learn more about Fidelity Investments and the all-new Fidelity Trader+, Fidelity’s most powerful trading platform yet. Rising geopolitical tensions, continued market uncertainty, stocks backed by can offer more predictable cash flows as volatility increases. Visit https://www.clearbridge.com/ to learn more. Sign up for The Compound Newsletter and never miss out: thecompoundnews.com/subscribe Instagram: instagram.com/thecompoundnews Twitter: twitter.com/thecompoundnews LinkedIn: linkedin.com/company/the-compound-media/ TikTok: 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. Michael Batnick and Josh Brown 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. 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. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Fidelity Disclosure: Fidelity Investments and The Compound are not affiliated. Views, opinions, products, services, and strategies discussed are not endorsed or promoted by Fidelity Investments. Fidelity Brokerage Services LLC, Member NYSE, SIPC. Learn more about your ad choices. Visit megaphone.fm/adchoices
Clips
Transcript preview
First 90 secondsJosh Brown· Host0:00
I yelled at the ba- the guy at the bakery today, downstairs.
Michael Batnick· Host0:03
Here?
Josh Brown· Host0:04
Yeah.
Michael Batnick· Host0:05
Why?
Josh Brown· Host0:05
I go... I'm in there every week on Thursday. I have no time for lunch, so I get a stupid blueberry muffin and a black coffee to wake up. They have... They ring me up, they have no blueberry muffins. "Okay, fine. What, what do you have?" "Lemon poppy." "Of course you do."
Michael Batnick· Host0:20
Who wants lemon poppy?
Josh Brown· Host0:21
Who, who would buy that? Uh, fine. I don't care. S- my... I get upstairs, I realize the coffee is ice cold. Undri- like, undrinkably cold.
Michael Batnick· Host0:30
All right, so you microwave it.
Josh Brown· Host0:31
It's not... I, I, I emailed. I never do this. I email the guy, I'm like, "W- here's-" Yes, he does. No, I don't. "Here's the situ-" [laughs] No, I don't. I just let it go. I'll just never go back. I'll never go back. But I'm like, "What do you want, what do you want to do here?" You know what I mean? Like, well, I'm in there every week. Like- Who are you emailing? The owner. I found the owner, I found the owner's email address.
Michael Batnick· Host0:48
Dude, you're sick.
Josh Brown· Host0:49
I- I was telling, I was telling J- [laughs] Josh and I were speaking an hour ago about how I'm trying to be nicer. Lemon poppy muffin. Can you imagine?
Michael Batnick· Host0:56
And just in life, just generally speaking. You know, like just give people some grace.
Josh Brown· Host0:59
In this economy?
Michael Batnick· Host0:59
And not assume the worst always.
Brian Levitt· Guest1:01
It feels good to be nice.
Michael Batnick· Host1:02
[applause] Trying to be nice, and Josh is going the other way.
Brian Levitt· Guest1:03
[laughs] Yeah. I'm done.
Michael Batnick· Host1:05
Um, so- The gloves are off, Brian ... but, but Brian, it's hard. Because last night, for example, I was at the Knicks game, and- So jealous, by the way. Well, I left... This is my redemption. I left game one of the Cavs series when we were down 22.
Brian Levitt· Guest1:17
No, you didn't.
Michael Batnick· Host1:18
I did.
Brian Levitt· Guest1:18
Okay.
Michael Batnick· Host1:19
I did. Um, and last night... And listen, I, I think that people are trying to be nice. They're trying to, like, be in on the action. It's fun. Like, "Oh, Michael's at the game. I'm, he's, I know he's a big Knicks fan. Uh, are you at the game?"