Market Outlook - Housing market is expected to turn a corner in 2026 with flat national home prices [1] - Sales are projected to increase while prices are capped or potentially decrease, leading to improved affordability [3] - Compass anticipates 2026 as the beginning of a new era for the housing market, with sales increasing and prices stabilizing [2] Supply and Demand Dynamics - Withdrawals of listings were notably higher in 2025, representing potential shadow demand rather than just shadow supply [6][7] - Approximately 150,000 people are estimated to be waiting to move, representing delayed demand [7] - In certain markets, withdrawals represent demand rather than supply [7] Regional Variations - Florida is showing strong transaction velocity, with weekly pending sales up by 10-15% year-over-year [8] - New York Tri-State area and Chicago area sales growth has been limited by tight inventory [8] Interest Rates Impact - Consumers are more sensitive to changes in mortgage rates than to absolute levels [9] - Forecast assumes mortgage rates in the low sixes, allowing for sales growth with capped prices due to sufficient inventory [10]

Investment Recommendations - Installed Building Products is better positioned among homebuilders [1] - Suggests moving away from tech concentration and into RSP over IWM for broadening out trade [1] - Home Depot can be a good way to play the housing market [1] - Boeing as a final trade [2] Market Sentiment - Julie is too chicken for home builders [1] - Some names are unprofitable [1]

Market Outlook - Morgan Stanley Private Wealth is cautiously optimistic about the US stock market outperforming the rest of the world in 2026 [1][2] - The focus for AI in 2026 shifts from infrastructure build-up to implementation and profitability [3] - The market consensus anticipates Federal Reserve rate cuts in 2026, driven by expected tax refunds and changes in tax policy benefiting consumers and businesses [4][5] Risk Assessment - The firm identifies potential vulnerability in the tech sector and emphasizes caution despite excitement surrounding AI [2][3] - Tariffs, though less discussed, could still significantly impact the economy [6] - Overvalued tech stocks are sensitive to volatility, especially if the Federal Reserve doesn't cut rates as expected [7] Investment Strategy - The firm advocates broadening investment portfolios by taking profits from overrepresented sectors and investing in underrepresented sectors like industrials and financials [9][10] - The firm suggests considering international opportunities to diversify investments [10] - The firm recommends profit-taking as a strategy when investments perform well, without necessarily changing the overall investment strategy [9]

Fast money trader Tim Seymour. He's behind of course the Amplify Seymour cannabis ETF which surged nearly 55% today. Its best day on record.Such a good day that Tim comes to us in a hoodie. Tim >> in a hoodie. We're talking.Why wouldn't we. Why would I mean the rescheduling that has been something that investors are hoping for. It seems like you get a whiff of it, the stocks go up.You say this is for real this time. Why >> a whiff. No, no pun intended.So I I think it is real. I think it's always been real. ...

Hey Melissa, a legal blow to Live Nation. A federal judge ruling that a lawsuit filed against the company and its subsidiary, Ticketmaster, can be certified as a class suit. The plaintiffs met the criteria to expand their lawsuit, seeking 15 years of alleged damages tied to the purchase of more than 400 million tickets into a class action suit.Now, this class covers consumers who bought tickets directly from Ticketmaster or a Live Nation affiliate for events at major venues since 2010. We have just reached ...

For more in tech rough week, let's bring in fast money friend Gene Munster, managing partner of Deep Water Asset Management. Gan, it's always great to get your thoughts. Um, I want to start off with Oracle and I I just curious, how do you think this Oracle story progresses in 2026.And is there even though we know that Broadcom is a very different company that Nvidia is a very different company in terms of customers, in terms of their balance sheet, etc., etc. Is there the risk of contagion from Oracle to th ...

with developments under Oracle. By the way, it wasn't just Oracle under pressure today. Shares of Broadcom, which have been up nearly 4% after posted earnings last night.End of the day, down more than 11%. Several analysts saying they expect the chipmaker to take a margin hit from costly AI buildout. So, here we have two major pieces of the AI trade not um giving us a good bullish narrative going into 2026.What do you make of this. >> Yeah, I mean, this really feels like I I like the saying AI fatigue. the ...

It's great for the student athletes and the universities have to find a better way to serve the students now than the power structure from the past because that's never coming back anymore. Um, there needs to be some regulation. You know, I'd be the first one to say I raised my hand and I'd love to be the commissioner of college football.That would be a fun job uh to try to figure out the best way to serve both the coaches, the players, the student athletes, and the universities in a better way. ...

and Net Scope falling uh despite reporting revenue beat after strong fullear guidance. Uh despite the dip, the stock still up from its IPO in September. Joining me now in a CNBC exclusive is Net Scope founder and CEO Sanjay Barry.Sanjay, good to see you. >> Yeah, great to see you again, John. >> So, uh 34% year-over-year rise in annualized recurring revenue, more than a thousand customers.what's driving the adoption of your various products uh in the latest quarter. >> Ultimately, as people adopt more cloud ...

Joining me now is Dan Hansen, senior portfolio manager at Newberger Berman, who oversees the Quality Equity Fund. It has about a 5% of its assets in unlisted shares of SpaceX as of the end of last month. And Dan, it's great to have you on.Welcome. >> Uh, thanks, Morgan. Great to be with you.>> All right, let's start there. SpaceX IPO potentially in the cards for next year. Your thoughts.>> Yeah, we think the time has come. This business, it's founded in 2002, so 23 years um in business. It's an industrial j ...