"Don't Panic: Understanding High Stock Valuations in Today's Market"

Chief market strategist Matt Orton advises investors to focus on growth opportunities in the stock market despite concerns over high valuations, emphasizing that it's a "stockpicker's market" where idiosyncratic risk is being rewarded. He points out the divergence in performance among the "Magnificent 7" tech stocks and suggests that investors should lean into companies with strong fundamentals while avoiding those without positive earnings inflection. Orton argues that historical comparisons of valuations are irrelevant due to the market's shift towards higher growth, and encourages investors to "find growth" regardless of the valuation multiples.