I think Bitcoin will go back over 100,000: KKM Financial's Kilburg

Morgan Brennan (Anchor) 00:00.230

well the AI trade is making a comeback as the nasdaq is turning positive for the month nvidia and oracle are among the key stocks that offered a boost to the broader market today can the AI trade reclaim market leadership into year end well joining us now KKM financial founder

Morgan Brennan (Anchor) 00:14.470

and CEO jeff kilberg jeff great to have you on

Jeff Kilburg (Founder & CEO) 00:17.390

great to be here morgan how are

Morgan Brennan (Anchor) 00:18.870

you i'm doing great what do you think of this AI trade

Jeff Kilburg (Founder & CEO) 00:21.630

well i think it's been fascinating right we've seen a decoupling inside of the mag seven which was really interesting in late Q three when you saw nvidia as well as meta a lot of profit taking and what did we see morgan we saw some buying of the laggards if you go back to just

Jeff Kilburg (Founder & CEO) 00:36.390

after april when we saw those trade tariffs that's when google was really trading down at about one fifty it was a great opportunity to allocate to google as well as apple so this intermag seven rotation been fascinating but the bigger broader picture i think it's going to set

Jeff Kilburg (Founder & CEO) 00:49.790

up for twenty twenty six specifically as we see the vic stripping down to fourteen today it seems like we're the opportunity to buy and broaden this AI trade

Morgan Brennan (Anchor) 00:59.710

so what would you be buying in this broadening

Jeff Kilburg (Founder & CEO) 01:02.030

so if you look at oracle yes oracle has been absolutely kneecapped right we went up to three thirty on all that euphoria and optimism about the backlog and now he's been all these delays and worry about financing but i think oracle is an opportunity it's actually in our

Jeff Kilburg (Founder & CEO) 01:14.790

essential forty ETF but also intel intel had a sensational year it was up over a hundred percent a couple weeks ago but all this profit taking all this reposition we're seeing i think is presenting opportunity but look at appellate also network morgan i think you have to think

Jeff Kilburg (Founder & CEO) 01:28.030

outside of the mag seven obviously the mag seven be the backbone of the rally but as we go into the fourth year of this bull rally i think you have to think outside of that mag seven and that's where this broadening opportunity is in a i but you have to go second or third

Jeff Kilburg (Founder & CEO) 01:42.310

derivatives of mac seven

Morgan Brennan (Anchor) 01:44.230

OK how about broader market in general what is your take going into twenty twenty six

Jeff Kilburg (Founder & CEO) 01:49.630

so i was one of the few lone bulls back in april if you recall and i have a price target i'm hoping to meet it with the santa claus rally of seventy one hundred i know we're running out of days here morgan but i think the overarching theme in twenty twenty six is lower interest

Jeff Kilburg (Founder & CEO) 02:01.990

rates when do they come do they come sooner than later will fed chairman paul last all the way to may of twenty twenty six but that overarching theme of lower interest rates is going to propel the growth trade but it's also going to allow the which is really focused on what we

Jeff Kilburg (Founder & CEO) 02:15.910

saw in earnings which produced a ton of profits profits expectations were nearly double than we thought so i'm excited i'm optimistic i think we see another great year in the markets but it's not going to be without volatility we're not going to see the vix at fourteen inside of

Jeff Kilburg (Founder & CEO) 02:29.030

january in my opinion when

Morgan Brennan (Anchor) 02:30.830

i talk about volatility how about bitcoin and the pullback we've seen here

Jeff Kilburg (Founder & CEO) 02:33.910

well bitcoin is really been interesting this year in twenty twenty five because it was so locking step it was the risk on asset if you put a nasdaq one hundred the QQQ 's next to bitcoin they were locking step until april when we saw those trade tariffs really decouple that risk

Jeff Kilburg (Founder & CEO) 02:48.350

on correlation so as you've seen profit taking i haven't seen a back and fill all the way down to seventy six thousand which i would like to see in the bitcoin futures before we resume but there's so many new organic buyers meaning the platform the ability for investors with

Jeff Kilburg (Founder & CEO) 03:01.750

their advisors or through their advisors they can now allocate so i think you will see bitcoin go back over a hundred thousand but right now people are a little shook when you see a thirty percent drop you have to be considered this isn't equities this is bitcoin it's very

Jeff Kilburg (Founder & CEO) 03:14.870

common and usual to have these type of pullbacks but you have to have the stomach for it morgan