Balafas: Investors are starting to get grounded about whether the bull market is sustainable
December 18, 2025 • 2m 24s
Frank Holland (Anchor)
00:00.070
when
we
start
off
with
your
word
of
the
day
sure
Sevasti Balafas (CEO)
00:02.910
my
word
of
the
day
is
grounded
we
saw
a
little
bit
of
that
yesterday
where
investors
are
getting
grounded
thinking
about
the
stock
market
and
that
it
can't
go
on
forever
with
double
digit
returns
so
taking
a
pause
taking
a
breather
taking
some
profit
taking
but
investors
really
Sevasti Balafas (CEO)
00:19.070
being
discerning
and
asking
the
right
questions
and
when
do
we
see
the
benefits
of
AI
what
are
the
use
cases
for
it
how
long
will
it
take
what's
the
ROI
so
the
word
of
the
day
is
grounded
Frank Holland (Anchor)
00:33.190
sebastian
i
also
want
to
get
to
your
pick
for
us
today
it's
meta
so
we're
talking
a
lot
about
some
of
the
data
center
concerns
when
it
comes
to
blue
owl
and
oracle
are
you
also
concerned
about
some
of
the
debt
financing
with
meta
and
also
just
the
ability
to
do
this
build
out
Frank Holland (Anchor)
00:46.230
that
both
meta
and
some
of
these
other
big
names
need
Sevasti Balafas (CEO)
00:50.040
so
in
terms
of
the
debt
levels
meta
and
oracle
i'm
concerned
about
oracle
meta
no
not
as
much
yes
there
was
some
news
that
they
took
out
some
debt
recently
but
their
balance
sheets
couldn't
be
more
different
meta
's
balance
sheet
fortress
balance
sheet
if
they
wanted
to
pay
off
Sevasti Balafas (CEO)
01:06.320
the
debt
they
took
out
they
could
do
it
with
the
cash
that
they
have
on
hand
and
the
expected
cash
flow
that
they're
getting
oracle
is
a
very
different
story
they
had
eighty
billion
dollars
worth
of
debt
about
a
year
ago
that's
it's
going
to
be
about
two
hundred
plus
billion
Sevasti Balafas (CEO)
01:22.430
just
a
couple
of
years
from
now
so
oracle
is
a
very
different
story
than
meta
not
concerned
about
metam
buying
the
dip
on
meta
oracle
i'm
being
more
cautious
and
unless
you're
a
very
risky
investor
i'm
i'm
i'm
not
i'm
not
liking
oracle
right
now
so
meta
is
the
pick
of
the
day
Sevasti Balafas (CEO)
01:40.230
all
right
very
quickly
Frank Holland (Anchor)
01:41.150
your
your
thoughts
about
CPI
coming
up
later
today
do
you
expect
it
to
be
hotter
cooler
what's
the
impact
on
the
markets
Sevasti Balafas (CEO)
01:47.120
impact
on
the
market
i
think
is
benign
i
think
we're
going
to
be
in
this
three
percent
CPI
range
and
i
don't
think
it's
going
to
have
a
big
impact
what
the
fed
has
shown
is
they're
focused
a
bit
more
on
the
labor
market
not
as
concerned
on
inflation
and
i
think
we're
going
to
Sevasti Balafas (CEO)
02:03.310
see
that
today
as
well
where
we're
not
going
to
get
a
hot
number
that
makes
us
concerned
and
and
and
and
have
an
impact
on
the
market
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