Connor Browne covers the disconnect between the consumer and the market amid the AI trade and the war in Iran. He thinks investors should have some exposure to Mag 7 names but encourages investors to allocate to international or small cap equities. As a long-time watcher of Alphabet (GOOGL), he breaks down how it’s handling and profiting from the AI trade. Connor also likes Mercado Libre (MELI), saying it “hasn’t had to invest” in AI but it benefits from it.