Hatfield: ‘This is a Super Bullish Time to Be in the Market’

Jay Hatfield, CEO and CIO of Infrastructure Capital Advisors, delivers a bold bullish case for the U.S. market despite ongoing geopolitical tensions, arguing that the current moment is 'super bullish' due to an unprecedented tech-driven economic boom. He highlights AI and infrastructure investment as the primary engines of growth, with tech-related capital spending surging 15%—a level unseen in history. Even with war-related volatility and rate hikes, Hatfield maintains an 8,000 S&P 500 year-end target, raising it to 8,600 if a peace deal materializes. He emphasizes that the market’s near-term stall post-earnings season is temporary, with a potential July rally ahead. His top picks include Amazon (target: $370), Lockheed Martin ($600), and energy MLPs like Energy Transfer and Chenier—defensive, dividend-paying names that won’t collapse if war ends. Hatfield also sees strong upside in chip stocks like Marvell and AMD, driven by rising earnings estimates outpacing price growth. He advises caution with new money, but not panic—especially in low-beta, defensive assets that benefit from conflict. The episode underscores a strategic pivot: investors should focus on structural tailwinds—AI, defense spending, and infrastructure—rather than short-term headlines. Hatfield’s confidence stems not from ignoring risk, but from identifying assets that thrive under uncertainty.