Max Wasserman “wouldn’t recommend” the Fed cut interest rates but thinks there is tremendous pressure on the Fed to cut and so they will use the labor market as an excuse to. He thinks they can cut 125 basis points. His AI picks include Broadcom (AVGO), Microsoft (MSFT), and Alphabet (GOOGL). He says that despite their high multiples, the Fed cutting rates will bring more investment into AI, justifying their valuations. Max also likes energy because he expects the dollar to fall.