Full Video Transcript Below:

CAROLINE WOODS: All right. Our final advice for investors right now, with stocks at record highs, the economy showing signs of cooling, and all this uncertainty that you mentioned in terms of AI’s impact on the jobs market—what’s your advice to investors?

ART HOGAN: Well, I think investors should think about this as a journey and not a point in time. Unfortunately, because of a 24-hour news cycle, we hear about points in time a lot. You need to separate the noise from the news, and I think the news is more good than bad.

Once we get through the uncertainty over trade, we’ll start to feel the beneficial effects of things like less regulation and knowing the corporate tax rate for several years. That hasn’t shown up in equity valuations yet. I think we’re in the very early innings of the AI revolution, which will continue to show us more winners in tech and communication services.