Tech Valuations Not Absurd, Bears 'Just Bitter': BMO's Belski

The transcript discusses the valuation of tech companies, highlighting their stable earnings and increased dividend payments compared to 20 years ago. It addresses market volatility, noting September as historically volatile, and suggests that quality portfolios can mitigate this. The discussion emphasizes the importance of high-quality growth and dividend growth in portfolios, especially during volatile markets and the early stages of a bull market.

What has been a significant change in the technology sector over the last 20 years?

• Decrease in the number of companies paying dividends

• Increase in the number of companies paying dividends

• Stability of earnings has decreased

• Technology sector has become less diversified

Which month is historically the most volatile in the market?

• January

• March

• September

• December

What is a recommended strategy to handle market volatility?

• Balancing high-quality growth and dividend growth

• Avoiding investments in technology

• Focusing on low-quality growth

• Investing solely in high-risk stocks

What type of growth is suggested to outperform when growth is scarce?

• All of the above

• Secular growth

• Cyclical growth

• Dividend growth

During which market phase is volatility typically higher?

• Late stages of a bear market

• Early days of a bull market

• Middle of a bull market

• End of a bull market