The market has seemed to be on an up and to the right path, but underneath there's been a surprising amount of churn. Large-cap growth stocks especially have moved suddenly on unclear reasoning, moves that seem skittish amidst a bull market. This may just be a sign of late-cycle behavior, or it may be a source of opportunity for the nimbly patient investor. We discuss several tech stocks and provide examples of what is going on.
Topics Covered

2:00 minute mark - Setting the scene on this market

10:45 - The whiplash effect and how this affects relative valuation

13:15 - Is long term investing in trouble?

17:30 - ZOOM, WORK, DBX as long-term examples of this phenomenon

28:00 - Finding the right pair trade... harder in this market?

35:00 - The general risk climate in the market

49:00 - Apple (AAPL) and 5G

54:15 - Given the issues, how are you going to trade for the year?

1:00:00 - Streaming vs. SaaS in terms of valuation

1:09:00 - Will there be a rush back into growth stocks in 2020?