Major '26 theme will be market broadening outside of magnificent seven: KKM Financial's Kilburg

Market Trends & Investment Opportunities - The S&P 500 equity market is broadening outside of the MAG7, with rotation inside MAG7 expected to be a major theme as interest rates move down, indicating optimism on equities and a potential Santa Claus rally in December [2][3] - Decoupling between equities and crypto, specifically Bitcoin, occurred around April, suggesting that associating equities and crypto in the same context may not be relevant in the near future [4] - New organic buyers are entering the Bitcoin market, exemplified by Vanguard opening access to more buyers and JP Morgan's involvement, with IBIT experiencing $32 billion in inflows this year [6] - Interest rates are anticipated to decrease, with the Fed potentially cutting rates by 25 basis points, which is expected to support equities [13] - A decrease in the ten-year note yield to 35% is expected to incentivize home buyers and benefit market laggers, including the financial sector [14] Bitcoin & Crypto Analysis - Bitcoin has historically experienced approximately 20 pullbacks of 25% or more since CME Group started trading Bitcoin futures in 2017, including three pullbacks of 50% or more [5] - The market may want to revisit the April low of $76000 for Bitcoin [6] - Crypto exposure is being considered by advisors, with discussions around allocations of 1% to 2%, similar to dipping toes into commodities like gold and silver [10][11] - There is a debate regarding Bitcoin's fundamental price value, with some questioning its use case within the US and viewing it more as a community-driven phenomenon [8][9]