Memani Says the Soft Landing Is Arriving

• The 'soft landing' that markets have anticipated for three years is now arriving, with inflation easing and growth remaining decent.
• Software valuations were previously too high and have appropriately come down, but the software business itself is not disappearing.
• Sectors like banking, benefiting from deregulation and capital relief, are seen as having substantial tailwinds, unlike software which faces headwinds from AI disruption.

Krishna Memani of Lafayette College believes the long-awaited 'soft landing' for the economy is finally here, characterized by stabilizing inflation, decent growth, and improving trade conditions. While software valuations have corrected from being too high, he emphasizes that the underlying business is not 'dead'. He suggests that fundamentally driven businesses with lower multiples and sectors like banking with tailwinds are poised to benefit from this economic stabilization.