I'm going to sell it all

Financial Education•Mar 21, 2026

Summary

Jeremy provides a comprehensive analysis of the current market volatility, noting that the NASDAQ is down nearly 10% and the Dow Jones has lost 5,000 points. He dismisses the 'bubble' narrative of the previous year, suggesting that the market is now dominated by recession worries and geopolitical concerns, specifically referring to 'rod wave' drama and rising CAPEX. He evaluates the economy through money velocity, which is currently in an uptrend, and the Federal Reserve's balance sheet, which has recently begun to expand slightly. While consumer sentiment is at 'disaster' levels, Jeremy views this as a potential floor for the market.

A significant part of Jeremy's thesis relies on massive infrastructure spending as an economic driver. He points to the construction of data centers by companies like Amazon, Google, Meta, and Microsoft, as well as the TSMC facility in Arizona, as major sources of direct and indirect job creation. He also monitors new housing starts as a critical indicator, noting some recent quarterly improvement. Jeremy suggests that when the market 'snaps back,' the recovery will be significant because many high-quality stocks are currently trading near 52-week lows.

Jeremy is shifting his portfolio strategy by liquidating his TSLZ hedge to move into long positions. He notes that mega-cap tech stocks have reached very attractive valuation levels that make them difficult to push much lower. He concludes by urging investors to maintain an 'abundance mentality' and exercise patience, as even the best investors experience periods without new portfolio highs.

Stocks mentioned include:

American Express (AXP): Jeremy explicitly stated that he bought shares of American Express this morning and plans to add more. He views the stock as a primary focus for his public portfolio reinvestment strategy. He believes the current market weakness has created a strong opportunity for this specific ticker.

The Honest Company (HNST): Jeremy is looking to buy more shares of Honest using proceeds from his recent hedge liquidations. He highlights that the stock is currently trading near its 52-week low, which he finds very attractive. He expects a significant move upward when the broader market eventually snaps back.

Adobe (ADBE): Jeremy identifies Adobe as a key stock he wants to accumulate in the coming days. He considers the current price level to be a strategic entry point for long-term growth. He plans to allocate a significant portion of his available cash balance to this position.

Microsoft (MSFT): Jeremy points out that Microsoft is currently trading at a forward P/E ratio of 21, which he deems attractively priced. He emphasizes that the company maintains an impressive revenue growth rate of 15% to 20%. In his view, it is increasingly difficult for the market to push a high-quality 'big dog' like this much lower.

Meta (META): Jeremy highlights that Meta is trading at an attractive forward P/E of 19 with revenue growth exceeding 20%. He notes that while high CAPEX is a concern, the current valuation provides a strong margin of safety. He considers it a high-quality growth play at its current price.

Amazon (AMZN): Trading at a forward P/E of 26, Jeremy views Amazon as very attractively priced for long-term investors. He includes it in the category of stocks that are currently 'screaming deals' compared to historical levels. He believes the company's growth profile justifies a much higher valuation over time.

Mentioned Stocks

NKE

Sentiment: BUYAction: RECOMMENDED

Reasoning: Jeremy expresses interest in buying more Nike, though he mentions he is currently satisfied with his position size in his public account. He considers it a good value at these levels.

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AMZN

Sentiment: BUYAction: RECOMMENDED

Reasoning: With a forward P/E of 26, Jeremy categorizes Amazon as a 'screaming deal' in the current market environment for those with a long-term outlook.

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