Can the positive momentum continue. Joining us now is Kay Okamura. He is New Burger Berman's portfolio manager for Japanese equities.And Kay, it's great to have you on the show. Given the fact that the bank of the Japan Bank of Japan has been hiking, can the equity market continue to power higher. >> Hi, thanks for having me on the show, Marine.So, let me let me break that down to a couple parts. First of all, uh we do think that the market can go higher and that's on the back of the fundamentals and the va ...

AI Trade & Market Dynamics - The AI trade is making a comeback, with Nvidia and Oracle boosting the NASDAQ [1] - Decoupling within the MAG 7 was observed in late Q3, with profit-taking in Nvidia and Meta, and buying of laggards like Google and Apple after trade tariffs [2] - The market anticipates broadening the AI trade into 2026, with the VIX potentially offering buying opportunities [3] - Opportunities exist outside the MAG 7 in second or third derivatives of AI, such as Appella Alto Network [5] Investment Opportunities - Oracle and Intel are identified as potential investment opportunities, despite Oracle's recent performance [4] - Intel experienced a significant increase of over 100% earlier in the year, presenting a possible entry point after profit-taking [5] Market Outlook - The analyst maintains a bullish outlook, targeting 7100, driven by expectations of lower interest rates [6] - Lower interest rates are expected to propel growth and benefit the economy, supported by strong earnings and profit expectations [7] - The market is expected to experience volatility, with the VIX unlikely to remain at 14 in January [8] Bitcoin Analysis - Bitcoin's correlation with the NASDAQ 100 decoupled in April due to trade tariffs [9] - A pullback to $76,000 in Bitcoin futures is desired before a potential resumption of its upward trend [9] - Bitcoin is expected to surpass $100,000 due to new organic buyers and platform accessibility [10] - A 30% drop in Bitcoin is common, requiring investors to have a strong risk tolerance [11]

Market Performance - "Avatar: Fire and Ash" earned approximately $90 million in the domestic box office during its opening weekend [1] - IMAX experienced its biggest opening weekend of the year and fifth biggest in IMAX history with "Avatar: Fire and Ash" [1] - IMAX's stock is up 46% year-to-date [1] - IMAX accounted for about 15% of the domestic box office and about 13% of the global box office for "Avatar: Fire and Ash" [3] - For "Avatar: Way of Water," IMAX accounted for approximately 12% of the domestic box office [4] Company Strategy and Outlook - IMAX's market share has been growing since the pandemic, driven by demand for premium experiences [5][6] - IMAX had a record year before the release of "Avatar: Fire and Ash" [5] - IMAX is projecting an even bigger year next year with releases like "Avatar," "Star Wars," and "Dune 3" [6][7] - IMAX has guided to $1.4 billion in 2026, an increase from 2025 [7] - The theatrical box office is predicted to increase, driven by special movies and filmmakers [7][8]

But joining me here now on set, Michelle Caruso Cabrera. She is CEO of MCC Global Enterprises and a CNBC contributor. And so good to have you here.Welcome. Pleasure to be here. Thanks.>> So, so let's talk Venezuela and what we're seeing with these uh dark fleet tankers and this and the and the message it's sending. >> The administration is trying to curtail all possible revenue to the Maduro government of Venezuela. They started with the drug interdiction uh by bombing those cigarette boats and the submarin ...

Gold and silver hitting new records today, both pasing for the best year since 1979. Copper is also at new highs. It's having its best year since 2009.Will the commodity runup continue in 2026. Well, joining us now, TD Securities global head of commodity strategy, Bart Malik. Bart, it's great to have you on and I want to start right there because it's been such a torid year.Whether it's precious metals or industrial metals, does it continue. >> Well, great to be here. Uh certainly we think uh that gold in t ...

improve your skin at omnilux >> WELCOME BACK. TWO OF THE MOST ANTICIPATED QUESTIONS OF 2026 ARE WHO WILL BE THE NEXT FED CHAIRMAN, AND HOW MANY TIMES WILL THEY CUT RATES FOR SOME CLUES, LET'S WELCOME IN RICHARD FISHER. HE'S THE FORMER DALLAS FED PRESIDENT, NOW A SENIOR ADVISOR AT JEFFERIES.IT'S GOOD TO SEE YOU. WELCOME BACK. >> THANK YOU.AND HAPPY HOLIDAYS TO YOU AND EVERYBODY AT CNBC. >> WE APPRECIATE YOU. THANK YOU.ALL RIGHT. WOULD YOU CUT RATES IN 26 IF YOU HAD THE VOTE. >> IT DEPENDS ON WHAT THE NUMBERS ...

Market Outlook for 2026 - The market indicates positive underlying economic factors despite business challenges in the current year [2] - Broadening market trends are expected to continue, benefiting growth stocks into 2026 [3] - Momentum heading into the new year is strong, supported by earnings and a potentially stable or easing Federal Reserve policy [4] - Confusion around market leadership (Mag 7 vs broader market) is expected to persist, requiring focus on earnings and Fed policy [9] Historical Context & Potential Risks - The average bull market lasts about five years, suggesting the current one is still relatively early [6] - Stocks have only risen for four consecutive years with double-digit percentage gains once in the last 100 years, highlighting potential for a market correction [10] Supporting Factors - Constructive elements from a major bill passed this summer are beginning to materialize [7] - Clarity around tariff policy, consumer-related factors (back tax refunds), and deregulation efforts are expected to support business growth [7] - Fundamental underpinnings and earnings are supporting current valuations [8]

Plus, Mackenzie Sagalas is [music] watching the volatility in crypto. Jar Jabosa is here with what is driving the moves in Uber and Lyft. Mac [music] to you first and crypto.>> Scott, Bitcoin and altcoins like XRP and Salana are in the red. Ether slipping below that 3K mark and Bitcoin trading under 89,000. It's about 30% off its October all-time high.Spot bitcoin ETFs still aren't offering much support. Institutional flows remain soft. And even with the Fed now cutting rates, risk appetite is cautious in t ...

Market Trends & Investment Opportunities - Bullish signals for stocks are emerging, driven by contracting real yields following the latest inflation data [2][3] - Inflation trends are considered more critical than growth trends, with a contraction in inflation potentially setting up a bullish scenario for 2026 [3] - Global metals, including aluminum, steel, copper, gold, silver, and palladium, are experiencing bullish breakouts, indicating potential improvement in global activity [6][7] - Semiconductors remain firm and exhibit leadership within the tech space, presenting investment opportunities [9][10] - The market is bifurcated, presenting opportunities on both bullish and bearish sides across various sectors like discretionary, industrials, tech, and staples [11] Sector Analysis & Performance - Software sector is underperforming, with bearish signals confirmed, suggesting caution towards these names [8][9] - Bitcoin's uptrend is questionable, with a potential shift to a neutral or downtrend, although a year-end rally is anticipated [13][14] Global Economic Activity - Bullish breakouts are observed not only in the US but also in China and Europe, suggesting a global phenomenon [7]

Market Performance & Expectations - 2023年回报率为24%，2024年为23%，今年（指2025年）为17%，预计明年仍有可能实现两位数增长 [1] - 过去100年中，市场曾有12次连续三年实现20%收益的情况 [1] - 全球市场有一半的时间在收益增长年份的次年表现更好，因此预计明年牛市周期可能延续，但上半年波动性较大 [2] - 预计GDP增长强劲，美联储立场温和，估值合理，最终市场表现强劲 [2] - 市场低估了宏观风险，包括USMCA（美国-墨西哥-加拿大协议）和美联储的过渡 [6] Economic Factors & Influences - 特朗普关税可能被推翻，可能出现政府长期停摆，新任美联储主席的提名和确认需要3个月，这些都可能引发争议 [3] - 经济基础稳固，每周首次申请失业救济金的数据令人鼓舞 [3] - 通货膨胀略有好转，H8美联储贷款增长达到9周以来的最高水平，贷款增长处于历史最高水平，这对整体经济活动非常有利 [4] - 工业金属价格处于历史高位，包括美联储在内的全球央行越来越接近中性利率 [4] - 美联储降息需要一段时间才能产生影响，预计对明年有利 [4] - 150亿到1750亿美元的资金将流入消费者和美国企业手中，企业资本支出将持续 [5] - 人工智能基础设施资本支出周期预计在2026年不会改变，并推动了大约四分之三的GDP增长 [10] Earnings Growth & Valuation - 预计盈利将实现两位数增长，虽然有些预测偏高（如16%-17%），但预计将达到较低的两位数 [5] - 高个位数增长是合理的，目前还无法达到10%-12%-15% [6] - 如果经济增长2.5%-3%，通常会带来10%的盈利增长，预计会更高，且利率、汽油价格和鸡蛋价格都会降低 [12] - 如果盈利以两位数增长，那么估值非常有吸引力，尤其是在其他领域 [12] Potential Risks & Volatility - 上半年市场波动性将比过去一段时间更大 [6] - 企业在经历了今年（指2025年）的良好表现后，可能会下调预期，从而给市场带来一些波动 [8] - 股票市场或信贷市场上的风险定价非常昂贵，稍有风吹草动就会造成影响 [8] - 消费者具有韧性，但主要是高端消费，而非低端消费 [10] - 总是存在担忧，当不再担忧时，意味着市场自满 [11]