Barry Schwartz, president &amp; CIO at Baskin Wealth Management, shares his outlook on North American Large Cap Stocks.

Barry Schwartz's Market Outlook: North American Large Cap Stocks (June 9, 2026)

Market Call

Hi there, I'm Lindsay Biscaya. Welcome to Market Call. Barry Schwartz is on the show today. He's President and CIO of Baskin Wealth Management and he'll be taking your questions on North American Large Cap. Here's how you can reach us. You can call us toll free 1-855-326-6266 or you can send us an email to marketcall at bnmbloomberg.ca. And Barry joins us now. Okay, so great to have you once again. Thanks for having me.

Interesting day. We're seeing a bit of a crash in the markets. Let's say a rotation out of the chipmaker stocks. What do you make of what we're seeing? The Nasdaq down by 2%? Well, it was news to me because I was driving on the 401. Yeah, it happened quickly. Yeah, so it happened quickly and I'm not surprised what's going on. I guess it's a carryover from what happened on Friday. There's a lot of hype. There's a lot of craziness in some of these chip stocks.

You know, you're hearing stories about Korean, South Korean housewives borrowing money against their houses to buy memory stocks in Korea. I haven't heard that. You haven't heard that? Well, and you saw like the Korean market was down like 8% follow through from Friday. So, you know, people are getting ahead of themselves with some of these chip names.

I know the numbers are staggering, right? We're looking at maybe a trillion dollars spent on potential AI infrastructure in 2027. And so naturally, people are going to, you know, want to participate in that. But at some point, you're overpaying for the future and all the good news is priced in.

Barry Schwartz's Market Outlook: North American Large Cap Stocks (June 9, 2026)

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Barry Schwartz's Market Outlook: North American Large Cap Stocks (June 9, 2026)

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.