Brian Stewart

And then I think just looking at cybersecurity in general, I think that's an interesting place to look for technology in general, but also as we look at the new Trump administration spending priorities, whether or not companies with strong public balance sheet, as you will, strong governmental revenues, whether those companies are worried about cuts coming up.

It's a good time to kind of peek in on Tesla. It's down 19% in the past week. This is part of a general slide. It's down 30% year to date and 42% from its 52-week highs late last year. There's a lot of worry about the Elon Musk distraction. He's busy with Doge. And not only does that take him away from running Tesla, but it's also becoming not a great look in general. There's talk of...

It's a good time to kind of peek in on Tesla. It's down 19% in the past week. This is part of a general slide. It's down 30% year to date and 42% from its 52-week highs late last year. There's a lot of worry about the Elon Musk distraction. He's busy with Doge. And not only does that take him away from running Tesla, but it's also becoming not a great look in general. There's talk of...

It's a good time to kind of peek in on Tesla. It's down 19% in the past week. This is part of a general slide. It's down 30% year to date and 42% from its 52-week highs late last year. There's a lot of worry about the Elon Musk distraction. He's busy with Doge. And not only does that take him away from running Tesla, but it's also becoming not a great look in general. There's talk of...

of boycotting Tesla, there's just becoming a very high profile and not particularly well-liked presence at this point. There's also been data this week from a European industry group, the European Automobile Manufacturers Association said Tesla sales in Europe were down 45% in January. That could be a sign of dissatisfaction with Musk specifically.

of boycotting Tesla, there's just becoming a very high profile and not particularly well-liked presence at this point. There's also been data this week from a European industry group, the European Automobile Manufacturers Association said Tesla sales in Europe were down 45% in January. That could be a sign of dissatisfaction with Musk specifically.

of boycotting Tesla, there's just becoming a very high profile and not particularly well-liked presence at this point. There's also been data this week from a European industry group, the European Automobile Manufacturers Association said Tesla sales in Europe were down 45% in January. That could be a sign of dissatisfaction with Musk specifically.

Overall, EV sales were up in Europe in the same data set. So the fact that Tesla was down so sharply might be something very Tesla related. The fall has brought Tesla below $1 trillion in market cap for the first time in November. So you can kind of see the upside and downside of his close association with the Trump administration.

Overall, EV sales were up in Europe in the same data set. So the fact that Tesla was down so sharply might be something very Tesla related. The fall has brought Tesla below $1 trillion in market cap for the first time in November. So you can kind of see the upside and downside of his close association with the Trump administration.

Overall, EV sales were up in Europe in the same data set. So the fact that Tesla was down so sharply might be something very Tesla related. The fall has brought Tesla below $1 trillion in market cap for the first time in November. So you can kind of see the upside and downside of his close association with the Trump administration.

You saw Tesla rally sharply after the election, but now that there's much more controversy around his activities in relation to the government, you're starting to see that having an effect on Tesla.

You saw Tesla rally sharply after the election, but now that there's much more controversy around his activities in relation to the government, you're starting to see that having an effect on Tesla.

You saw Tesla rally sharply after the election, but now that there's much more controversy around his activities in relation to the government, you're starting to see that having an effect on Tesla.

Yeah, United Health was down 9% this week. As you said, the proposed Medicaid cuts are starting to raise red flags. That's a big part of their business. There's also a DOJ probe of its Medicare billing practices. So the stock in general is down 14% since early February. So this is starting to seep into the market, the idea that there's less government support in general.

Yeah, United Health was down 9% this week. As you said, the proposed Medicaid cuts are starting to raise red flags. That's a big part of their business. There's also a DOJ probe of its Medicare billing practices. So the stock in general is down 14% since early February. So this is starting to seep into the market, the idea that there's less government support in general.

Yeah, United Health was down 9% this week. As you said, the proposed Medicaid cuts are starting to raise red flags. That's a big part of their business. There's also a DOJ probe of its Medicare billing practices. So the stock in general is down 14% since early February. So this is starting to seep into the market, the idea that there's less government support in general.

Another example is Palantir. There's concerns about the budget cuts have sort of taken some of the air out of that stock. It was up 24% after its earnings report in early February, but has recently had a five session losing streak. And that was a pretty dramatic drop. Each of those five sessions, it was down 3% and then two of them or a 10% or more drop.

Another example is Palantir. There's concerns about the budget cuts have sort of taken some of the air out of that stock. It was up 24% after its earnings report in early February, but has recently had a five session losing streak. And that was a pretty dramatic drop. Each of those five sessions, it was down 3% and then two of them or a 10% or more drop.

Another example is Palantir. There's concerns about the budget cuts have sort of taken some of the air out of that stock. It was up 24% after its earnings report in early February, but has recently had a five session losing streak. And that was a pretty dramatic drop. Each of those five sessions, it was down 3% and then two of them or a 10% or more drop.

So you're starting to see, even if it's individual companies or sectors, starting to see kind of the ripple effect of budget cuts that are being put into place, or at least the proposed budget cuts. And then in general, you can kind of, if we take it back to a more macro level and look at the economic data, people are starting to get worried about the economy in general.