Volatility is here, says Virtus' Joe Terranova

• Volatility is present, requiring selective investment strategies rather than broad market buying.
• Opportunities for 'alpha' exist in energy refiners, Canadian oil producers (Suncor, Canadian Natural Resources), and financial exchanges (CME, CBOE).
• The 'Mag 7' tech stocks (e.g., Microsoft, Apple, Meta) show resilience and are considered buys.
• Geopolitical risks are seen as short-term disruptions, unlikely to alter the bullish long-term trajectory for US equities, with high-quality companies like Disney being attractive at current valuations.

The discussion centers on current market volatility driven by geopolitical events, with analysts largely viewing the downturn as a tactical buying opportunity. They emphasize selective stock picking for 'alpha' generation in specific sectors like energy and financial exchanges, and highlight the resilience of 'Mag 7' tech stocks, maintaining a bullish long-term outlook for equities.