This podcast episode explores the current state of the market in 2024, highlighting its top-heavy nature and the potential risks associated with concentration of gains in a few large companies. It also discusses the valuation disparities in tech-driven companies and the potential for rotation in the market. The episode delves into the current spending and potential impact of AI, as well as the challenges and potential of immersive technology. It also touches on the shift towards software-based tech solutions, the implications of higher interest rates, the supply problem in the real estate market, and the challenges faced by homeowners. Additionally, it discusses the relationship between mortgage rates, housing prices, and the real estate market, as well as the current state of the commercial real estate market. The episode concludes with discussions about Microsoft's utility, Tamarind as the flavor of the year, and recommendations for investment opportunities in ABM Industries and Rubrik.
