Video News/In Focus with Jeremy Szafron

Jeff Sarti, Chief Executive of Morton Wealth, says investors should be cautious as US stocks trade near expensive levels and AI-related enthusiasm drives market behavior. Speaking with Kitco News anchor Jeremy Szafron, Sarti said the firm is underweight stocks and remains focused on valuation, risk management, and portfolio resilience. Sarti said gold remains part of Morton Wealth’s long-term allocation, arguing that “nobody in the West” owning gold is still one of the bullish factors for the metal. He also discussed passive investing, the new Fed chair, the yen, private credit risks, and why investors should be careful not to confuse transformational technology with attractive stock valuations.