"You have to be very cautious, and you can't through the baby out with the bath water," says Kenny Polcari, making the case that there is opportunity so long as you mind macro risks ahead. He remains overweight in tech but sees opportunities in defensive sectors like consumer staples amid the lingering volatility. In tech, Kenny points to Micron (MU) and other AI memory stocks as key beneficiaries in the AI trade to "amazing" long-term demand. Nvidia (NVDA), Amazon (AMZN), and Apple (AAPL) are the Mag 7 names he favors the most. Kenny then explains why he sees the Fed holding on interest rates in October.