2026년 2월 25일 · Unknown · financial · 출처 Yahoo Finance
US stocks (^DJI, ^IXIC, ^GSPC) attempt to bounce back from the most recent sell-off in the software sector from Monday's session, all three of the market indexes ending Tuesday trading in positive territory.
Lossdog founder and CEO Tom Sosnoff comes Market Domination Overtime to share his perspective on market volatility and software's place in the AI trade.
Sosnoff is also the founder and former CEO of tastytrade.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.
Video Transcript
00:00 Speaker A
Tom, it is great to see you. So maybe you start off with trade and tariffs, Tom, cuz the Supreme Court, they weigh in, they they strike down those Trump APA tariffs, but Trump, you saw he's he's defiant as ever, Tom.
00:13 Speaker A
So investors are trying to think through this. What does it mean for the economy, Tom? What does it mean for markets? You say though, speaking as the trader that you are, you say here, you don't pay attention to all this tariff talk. How come, Tom? Walk me through it.
00:29 Tom
Well, as a trader, if you start paying attention to tariff talk and macro talk, you're going to end up paying attention to things that really have nothing to do with whether the fact you make winning trades or losing trades. So I think that um,
00:41 Tom
part of the fun, the fun part about being a uh investor, whether it's retail, professional, whatever, is that um you kind of get to fade the news a little bit. Um you get to be a little bit of a contrarian and you kind of try to outguess what's happening next. And I think that's, you know, that's the fun part. So, I I think
00:59 Tom
the more you pay attention to the macro scene, the more difficult it is to actually be a trader.
01:05 Speaker A
So let's talk about those retail investors, Tom, because you always have a good line of sight there. What are they doing right now, Tom? Are
01:10 Speaker A
are they hunkering down? Are they buying? If they are buying, what are they buying? Where do you see the the activity?
01:16 Tom
Well, I mean, activity wise, it's I mean today, I would say that, you know, just looking at the volumes, it was massive volume in Intel because I mean, I'm sorry, in Nvidia because everybody's playing it for, you know, tomorrow afternoon's earnings and things like that.
01:29 Tom
I think that's where, you know, if you're just looking for the action or at least, you know, the most amount of contracts, that would all be in Nvidia. But if you're thinking about like where is retail? Retail is a
01:39 Tom
um surprisingly, retail's become very good and very sophisticated over the last, let's call it five, seven years. And I see retail also playing the contrarian game. We saw a lot of buying this morning in in stocks that had gotten beaten up. Like, I'll give you an example.
01:52 Tom
like Robin Hood, for example, um would be a stock that we saw retail kind of nibbling on the corners. A lot of quantum stocks this morning, retail nibbling, you know, just just nibbling. And just like, um, the last host, a lot of action today, just buying around the edges in different digital assets.
02:07 Tom
We saw Bitcoin buyers, Eth buyers, um people stepping into Solana. I mean these prices are down, you know, 50% from um just from actually not not too long ago, just a couple of months. So it's just interesting how people are looking for things that they perceive to be cheap.
02:22 Tom
And you can argue stocks like PayPal and Netflix and things that just have been kind of bottom bottom fishing and um that kind of stuff. I mean, that would be my argument. Things that are just kind of on their butts.
02:34 Speaker A
What do you make Tom of the great AI trade? And specifically, I'm curious to get your thoughts on how AI has just taken this sledge hammer to certain sectors, certain verticals. You can look at the software space, Tom, the IGV, it's been clobbered. I'm just curious, long time market watcher as you are. What do you make of that? Does it look fair to you? Do you say this is crazy? There was opportunity here? What do you think?
02:51 Tom
Well, well, I think there's no question there's opportunity. Um has the sledgehammer, you know, has has it been a little bit too much? I would, you know, it's hard to say cuz I
03:00 Tom
I'm I'm somebody that's been kind of in the trenches for so long. I look at this rally in the tech stocks which is now going on almost, you know, just under two decades. And I start to think, well, you know, this sell off in the in the software stocks has been absolutely brutal.
03:13 Tom
But in reality, is it it's probably long overdue. Um, I think it's on a short-term basis, it's probably exaggerated. I don't see them going back to anywhere close to old highs, but I do think like yesterday, you know, in the case of IBM or something, I think that was way overdone.
03:26 Tom
Um, with respect to the AI stocks, which is the second part of your question, I I think they're fully priced. I think they're there's they're a little scary to me. Like, I'm sure Nvidia is going to have good numbers. The question is, you know, are they going to be good enough to hold this this price level. But when you start to look at different stocks like Micron and Nvidia,
03:41 Tom
and you start to think about, you know, these stocks are they're flirting with all-time highs and we're only a couple percent away from all-time highs now. You know, I mean, you're starting to think that the AI stocks may be full, I think at least they're fully priced.
03:55 Speaker A
Well, one narrative, Tom, that's interesting is there was this story line out there that the big AI names, they had to hold in there. They have to hold in there. If they fall apart, the market falls apart. But what's interesting is, I mean, this year you've seen people, okay, they they've been finding new trades, new opportunities. You look at the sectors that are leading this year…