Market Trends & Growth Opportunities - Wedbush believes investors are underestimating Microsoft and Azure growth, with use cases exploding [1] - The last month has seen 2,530% of deals accelerated [1] - Hyperscaler investors are giving it no respect [2] - Only 3% of US companies have gone down the AI path, indicating significant growth potential [3] - Tech stocks are expected to be up 2,025% in 2026 [4] - 2026 is expected to be the year of AI monetization [7] - The AI revolution is fueled by Nvidia, which is 4 to 5 years ahead of anyone else in the market [8][9] Valuation & Investment Strategy - Street numbers for Microsoft are underestimated by 15% to 20% for 2026 [4] - Nvidia at 25 times forward earnings is considered a bargain [8] - Sell-offs in Nvidia are seen as golden buying opportunities [10] - It is more of a stock pickers market, focusing on ultimate winners in software, semis, and infrastructure [11] AI & Technology - Demand for Nvidia chips is 12 to 1 compared to supply [3] - Palantir customers are seeing ROI way accelerated ahead of what they ever expected [6]

easy to look at right now. Oil prices up about one and a half percent. Um what are the broader implications of this for oil in particular if the US continues to blockade Venezuela and sees these tankers.>> So in the short term it removes oil from the markets, right. Which is helpful because we've seen the prices coming down. Um they don't produce that much, roughly a million barrels per day and they were less than 1% of exports.So it's not a huge impact, but it does reduce the amount of oil over the long te ...

Federal Reserve Policy & Market Impact - The market hasn't fully digested the dovish stance of the last Federal Reserve open market meeting, which included a rate cut and a $40 billion QE (Quantitative Easing) [1] - The Federal Reserve is becoming more concerned about labor market issues and less concerned about inflation [1] - The biggest risk is labor market weakness coupled with a slow response from the Federal Reserve [6] Investment Strategy & Market Outlook - The speaker recommends a risk parity strategy, which involves being fully long equities with a levered long hedge in fixed income [1] - The risk parity portfolio has been up approximately 25% to 26% this year, and similar returns are expected next year [1] - The speaker believes that both lower rates and higher equities are possible and will perform well [1] Geopolitical & Economic Factors - If the situation in Venezuela leads to a new regime, oil prices could fall to the mid-40s to high 40s, which would have disinflationary consequences [2] - The speaker suggests the Trump administration aims for lower rates, particularly lower mortgage rates, and is focused on the housing emergency [1] - Central banks may be reconsidering the safety of their reserve asset holdings in the US Federal Reserve and the ECB, potentially leading to a return to gold [3] AI & Labor Market - The impact of AI adoption on productivity, margins, and the labor market is uncertain [5] - Rapid AI adoption could lead to creative destruction in the labor market, necessitating easier monetary policy [6]

Retailers bracing for the final few shopping days before Christmas. Joining us now with her top picks in the sector heading into 2026, Danny Telsey, Telsey Advisory Group's chief research officer and CEO. Good morning to you.We always love uh getting a pulse check from you about what is actually happening out there since you often are walking I imagine even this past weekend through the stores seeing what's happening. So what is happening. >> Happy holidays Andrew.Thank you for having me. What is happening. ...

All right, turn it now [music] to the transports. Dow transports coming off a four-week win streak. And take a look at this chart.It could be a sign the freight recession is possibly coming to an end, or at least the demand environment is becoming more favorable for carriers. This is the sonar truckload rejection index. It's at a year high and its highest level since May of 2022.That was just before what is now considered by many the longest freight recession ever. I spoke with Craig Fuller from Freight Wav ...

guy right there, investor Bill Aman. Um, one in the center, not not me. Uh, wants to help Elon Musk or suggesting maybe that he could help SpaceX take SpaceX public and weekend post on X.Aman suggested that Musk merge SpaceX with a special type of acquisition company that Aman's firm created. And under the plan, Aman said that Tesla shareholders could receive so-called SPARS. Those are special purpose acquisition rights so that they could participate in SpaceX's IPO down the road.According to Aman, this wou ...

Insider Selling Activity - Las Vegas Sands CEO Rob Goldstein 抛售近 2 million 股股票，价值超过 1.3 亿美元，其中包括行使 2028 年到期的期权 [1] - Roy Sciences 内部人士出售股票，投资者 Vivic Ramaswami 减持超过 3 million 股生物制药公司股票，价值约 68 million 美元，CEO 出售约 38 million 美元的股票 [2] - Varity 指出，Royant 的销售量激增，该公司股价接近历史高位 [2] - Nvidia 董事 Harvey Jones 出售 250,000 股股票，价值约 44 million 美元 [3] - VIA 首席行政官（即将离职）出售略低于 31,000 股股票，价值约 1 million 美元 [3] - Varity 指出，包括 CEO 在内的五位高管最近出售了股票，此前该股从 11 月中旬的多年低点反弹 [3] Stock Performance - Nvidia 股价本季度下跌近 3% [3]

want to get uh over to find out what to expect in the new year when states actually start to push their own AI regulations forward. Of course, uh the administration trying to stop this from happening, but nonetheless, Emily Wilkins is in Washington DC this morning to join us with more on that. Good morning. >> Good morning, Andrew.Yeah, look, major AI companies, they are preparing for a California law on AI safety to begin to go into effect on January 1st. This seems to be happening regardless of course wha ...

Joining us right now is Ken Golden, founder and CEO of Golden Auctions. Good morning to you, Ken. Congratulations on the new season of the broadcast.Tell us what's happening in the world of cards and collectibles. What's happened to the prices since we last saw you. >> Sure.I mean, look, the it since you last saw me, it's been become firmly established that trading cards, sports collectibles, and more broadly collectibles have become uh an accepted alternative asset. um the numbers that people are getting f ...

Five things to note ahead of the opening bill. Alphabet's driverless taxi company, Whimo, says service is back now in San Francisco following a pause on Saturday that took place during a blackout that hit that city. Videos shared on social media appear to show multiple Whimo vehicles stalled in traffic and blocking some intersections.Private equity firms including Permyra and Warberg Pinkis reaching a deal to buy investment software provider Clearwater Analytics for about $8.4% billion. In the third install ...