BTIG’s Steve Starker on $60 million charity effort and market outlook

Watch on YouTube ↗  |  May 06, 2026 at 21:49  |  2:38  |  CNBC
Speakers

Summary

Steven Starker, BTIG co-founder, discusses the firm's Charity Day that has raised over $60 million for charities. He then shares his market outlook: bullish on the broad market and crypto, constructive but cautious on AI, and advises avoiding energy due to expected pullback with oil.

  • BTIG's Charity Day has generated over $60 million in donations over 19 years.
  • Starker believes the bull market continues and advises buying dips.
  • He is a buyer of crypto as an asset class.
  • He is constructive on AI but notes frothiness.
  • He advises avoiding energy due to a significant pullback expected with oil.
  • He is bullish on sports as an investment but no specific trade idea was given.
Trade Ideas
Steven Starker 1:33
Bull market, buy dips
The bull market will continue due to solid earnings beating expectations and geopolitical headwinds being looked past. Investors should buy dips.
SPY MED
Steven Starker 1:57
Constructive on AI, cautious
He is constructive on AI but notes it is a little frothy, suggesting a cautious positive view.
XLK LOW
Steven Starker 2:20
Avoid energy due to pullback
Energy is due for a significant pullback as oil comes down, so he advises staying away from the sector.
XLE MED
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This CNBC video, published May 06, 2026, features Steven Starker discussing SPY, XLK, XLE. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Steven Starker  · Tickers: SPY, XLK, XLE