For 15 years, buying the dip worked. That conditioning may now be a liability. Defensive sectors are leading. Growth multiples are compressing. For more than a decade, markets rewarded a simple discipline: buy the dip. It worked. But leadership is rotating. Growth multiples are compressing. Defensive sectors are leading. Financials aren't responding to favorable backdrops. Gold is rising. Bitcoin isn't acting like digital gold. This doesn't automatically signal collapse and we don't think there is any reason to panic. But it does raise a more important question: Is the environment that rewarded dip-buying still intact? In this episode of Fundamentals of Investing, we discuss: • Multiple compression in growth stocks • Why defensive sectors are leading • Interest rate uncertainty • The cost of sitting in cash • Managing concentrated stock exposure • Why we're prioritizing predictability and durability If you manage meaningful capital, this is a timely conversation. Register for our March 31 Strategic Adjustments Briefing: https://go.levitate.ai/?s=0d6fRcNnpH&source=event Download our Income Securities Guide: https://leftbrainwm.com/income-securities Schedule time to discuss your plan for this market with us: https://m.levitate.ai/67de35-5f2c7t/30-minute-meeting-virtual-For-New-Prospective-Clients Visit our website at https://leftbrainwm.com "Investing involves risk, including the possible loss of principal and fluctuation of value. Past performance is no guarantee of future results. This podcast is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date noted and may change as subsequent conditions vary. The information and opinions contained in this video are derived from proprietary and nonproprietary sources deemed by Left Brain Wealth Management, LLC ("Left Brain") to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Left Brain), its principals, employees, agents or affiliates. This video may contain "forward-looking" information that is not purely historical in nature. Such information may include, among other things, projections, and forecasts. There is no guarantee that any forecasts made will materialize. Reliance upon information in this letter is at sole discretion of the reader. Please consult with your Left Brain financial advisor to ensure that any contemplated transaction in any securities mentioned in this video aligns with your overall investment goals, objectives and tolerance for risk. In addition, please note that Left Brain, including its principals, employees, agents, affiliates and advisory clients, may have positions in one or more of the securities discussed in this communication or effect transactions contrary to the views expressed in this communication based upon individual or firm circumstances. Any decision to effect transactions in the securities discussed within this communication should be balanced against the potential conflict of interest that Left Brain has by virtue of its investment in one or more of these securities. Additional information about Left Brain is available in its current disclosure documents, Form ADV, Form ADV Part 2A Brochure, and Client Relationship Summary (Form CRS), which are available online via the SEC's Investment Adviser Public Disclosure (IAPD) database at www.adviserinfo.sec.gov/firm/summary/170348. Left Brain is neither an attorney nor an accountant, and no portion of this content should be interpreted as legal, accounting or tax advice. Left Brain does not provide investment banking services nor engages in principal or agency cross transactions."
