Trader Talk What really keeps Wall St. up at night: it's not AI or inflation
Nov 19, 2025
Lou Basenese, Wall Street veteran and market strategist, spotlights the real bottleneck behind AI: power. He maps the AI build-out from chips to data centers to energy and infrastructure. Conversations touch on natural gas, small modular reactors, and industrial 'pick-and-shovel' plays powering the next wave.
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Do Real Due Diligence First
- Do real due diligence before investing and avoid buying on headlines or tweets.
- Read financials, assess management, compare valuations, and list risks before committing capital.
Compare Valuations Before Buying
- Check a company's price relative to peers and don't buy a great business at an unjustified premium.
- Use PE and other multiples to decide if the market is overpaying for future growth.
Earnings Growth Is Broader Than Expected
- S&P earnings are stronger than analysts expected, with broadening growth beyond the Magnificent Seven.
- Lou Basenese says the earnings gap between megacaps and the rest is closing and overall earnings are up about 10%.