Market volatility is back… and with it comes the same old fear-filled headlines. But if you’ve been with me long enough, you know exactly how I view pullbacks: not as endings - but beginnings.
That is why growth stocks remain one of the best long-term opportunities on the planet, even in the middle of a market shakeup.
If you’ve been watching the market over the last few days, you’ve seen the pullback… and you’ve probably felt the frustration that comes with it. I get it. After months of new highs, a little red on the screen can feel like a gut punch.
But here’s what most investors miss: Pullbacks don’t destroy long-term opportunity - they create it.
And right now, we’re entering one of those rare windows when the short-term noise is completely disconnected from the long-term potential of the world’s most innovative companies.
That’s not just my view. The team at Baillie Gifford - legendary long-term growth investors - describe today’s market as a “wicked learning environment.” What do they mean?
They mean the market is chaotic. Noisy. Emotional. Filled with feedback that makes no sense in the moment.
In that kind of environment, short-term share prices become terrible indicators of real business performance.
And as a long-term growth investor?
That’s exactly where I want to be.
The Fundamentals Haven’t Changed
Innovation isn’t slowing down. AI, robotics, semiconductors, next-gen mobility, longevity science - the megatrends powering the next decade are accelerating, not fading. Companies at the forefront are still hiring, still investing, still building the future.
The market may be punishing some of them for a soft quarter or cautious guidance… but remember:
Stocks are voting machines in the short term and weighing machines in the long term.
Right now we’re in “voting machine chaos.”
Long-term investors love chaos - because it leads to mispricing.
Valuations Are Becoming Attractive Again
Baillie Gifford pointed out that their forward P/E ratio is barely above the market average - the lowest it’s been in five years. That’s incredible for a portfolio packed with global growth leaders.
When great companies get cheaper during an innovation boom, that’s not a warning sign.
That’s an invitation.
The Megatrends Are Only Getting Stronger
AI isn’t going backwards. Robotics isn’t reversing. Electrification isn’t slowing. Data demand isn’t shrinking. Energy transition isn’t pausing.
These are decade-long waves - and we’re still in the early innings.
The Bottom Line
This pullback doesn’t worry me - it excites me.
This is the kind of environment where patient, forward-looking investors can lock in positions before the next powerful leg higher. It’s not about the next week… or the next month…
It’s about the next five years. The next ten.
That’s how real wealth is built. Stay bullish, stay disciplined, and stay focused on the long game.
Volatility is noise - but innovation is destiny.
Heres to your future,
Matt McCall
Founder, NXT Wave Research
