“Regardless of the jobs number, we believe the Fed will cut 25 bps and then a continued 25 bps from there,” said Brian Krawez, president of Scharf Investments during a recent appearance on Reuters TV. He noted that there wasn’t anything in the data or recent remarks from Fed Chair Jerome Powell that would suggest a need to panic and consider a 50 bps cut. Brian shared his thoughts on the concentration we’re seeing in the stock market with the top 10 stocks representing roughly 70% of the return of the S&P 500 this year, which is unusual. However, we’re seeing the market broadening out and there are opportunities for investors to look outside of mega-cap tech stocks. Brian highlighted what makes U-Haul a compelling investment opportunity.

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