Ram Ahluwalia

Oil prices will remain elevated for an extended period due to the Iran blockade in the Strait of Hormuz, which reduces supply, and strong global earnings growth that supports demand. The market is shrugging off high oil prices, and investors should remain overweight energy as an inflation hedge.

Buy ACN as a "change of character" technical signal — stock failing to decline at declining moving averages suggests bearish positioning is exhausted; AI enterprise adoption catalyst supports a 12-18 month swing from mean reversion to momentum.

Buy CTSH alongside ACN as a peer play on AI enterprise adoption; same "change of character" technical setup where prior bear-market selling behavior at declining MAs has broken down, signaling potential trend reversal.

Buy HPE as author discloses an active long position, citing exposure to the same AI/enterprise infrastructure theme driving DELL's recent momentum.

Hyperliquid is emerging as a dominant decentralized trading venue. The deal with Coinbase and Circle to replace USDH with USDC as the aligned quote asset, with 90% of reserve revenue flowing back to Hyperliquid for HYPE buybacks, makes it a major winner. This is one of the assets to own this cycle.

Micron (MU) is still cheap at an 8x forward P/E despite a 10x run, and the AI capex cycle is sustained by the most profitable companies, making the stock attractive.

Broadridge Financial is a fundamentally strong business (40% ROE, recurring revenue) that has been unjustly sold off due to AI disruption fears in its industry group. It is down double-digits and presents a value opportunity.

Microsoft is a winner from the OpenAI restructuring: it gets more revenue, lower expenses, and a free call option on OpenAI's IP, while capping its own spend. It's one of his top three positions and is mispriced.

The S&P 500 is set to rise due to strong earnings growth (19% year-over-year), government spending, defense tech and AI capex, resilient consumer, and low sentiment providing a contrarian setup. The economy is resilient and the market is at all-time highs with many businesses on sale.

Energy, materials, and utilities held up the most during the market correction due to their defensive nature and the risk fear premium. As confidence returns and the fear premium dissipates, these sectors should sell off.

Energy, materials, and utilities held up the most during the market correction due to their defensive nature and the risk fear premium. As confidence returns and the fear premium dissipates, these sectors should sell off.

Energy, materials, and utilities held up the most during the market correction due to their defensive nature and the risk fear premium. As confidence returns and the fear premium dissipates, these sectors should sell off.

Ram stated the S&P could see a downside to ~4,200, a ~15% correction, and that the backdrop is "very toxic for risk assets." He connects several negative, uncontrolled factors: rising oil prices (inflationary), rising bond yields (tightening financial conditions), and a conflict with no clear de-escalation path. This leads to institutional and retail deleveraging. The confluence of inflationary war dynamics and stretched valuations creates strong downward pressure on the broad equity index. A swift and credible resolution to the Iran conflict that lowers oil prices and restores market confidence.

Rahm says he had a short position on Tesla and will probably short again after a rally, criticizing the Terra Fab chip project as unrealistic. Tesla lacks the cash flow and expertise for a $25B fab, the project is technologically unfeasible (e.g., data centers in space), and the stock has declined 25% recently. SHORT due to overvaluation and skepticism about new initiatives, expecting further downside. Tesla proves the project viable or sees a turnaround in auto sales, boosting the stock.

The oil futures spiked on the news of Israel bombing a depot there. My view is that you had forced short covering in the futures market and that marked a top and you're not going to see oil 110 again. The geopolitical risk premium priced into oil assumed a severe disruption to the Strait of Hormuz. With military experts confirming the US Navy's ability to keep the strait open and Iran's inability to close it, the supply shock narrative is dead. The price spike was a mechanical short-squeeze, meaning prices will naturally revert lower as fear subsides. SHORT. The worst-case scenario for global oil supply has been avoided, and the recent price action was driven by positioning rather than sustained demand. Unforeseen escalation involving other regional powers (e.g., Saudi Arabia) or successful asymmetric attacks on tankers that drastically raise shipping insurance premiums.