In this NYSE Live interview, Kevin Mahn, President and Chief Investment Officer of Hennion & Walsh Asset Management, shares his perspective on current market conditions, earnings growth, artificial intelligence, and the factors influencing investor sentiment as markets trade near record highs.

Mahn discusses how equity markets have continued to advance despite concerns surrounding interest rates, oil prices, Federal Reserve policy, geopolitical developments, and election uncertainty. He explains why corporate earnings remain a key driver of market performance and highlights the concentration of earnings growth among several major technology-related companies.

The conversation explores the expanding impact of artificial intelligence across the broader economy. Mahn discusses opportunities extending beyond semiconductor and software companies, including utilities, power providers, infrastructure businesses, and other sectors helping support the growth of AI and data center development. He explains how increasing energy demand and infrastructure investment may create opportunities across multiple areas of the market.

A major focus of the interview is the current bull market cycle and historical market trends. Mahn compares the present environment with previous market cycles and explains why investors should continue evaluating long-term opportunities
through the lens of earnings growth, economic fundamentals, and business innovation.

The discussion also examines international markets, emerging market performance, and the role global diversification can play within investment portfolios. Mahn shares his perspective on the relative strength of U.S. markets and the factors supporting continued investor interest in domestic equities.

The interview concludes with a discussion about election-related volatility and investor behavior. Mahn outlines the risks associated with attempting to time market movements and emphasizes the importance of maintaining a disciplined investment strategy during periods of uncertainty.

Disclaimer: Informational content only. NYSE does not endorse or recommend investments, strategies, companies, products, or services discussed.