Well, we're going to start with the econ outlook for next year as the street debates the path for the Fed following GDP earlier in the week. Let's bring in CNBC senior economics reporter Steve Leeman. Steve, it's great to have you on and let's start right there.The economic outlook for 2026. Uh there's something for the Bulls, there's something for the Bears. We're talking to Tristan Slock from Apollo last hour and he was basically saying the economic uh the economy could be poised to be much stronger than ...

for what this all means for stocks. Let's bring in Jeremy Seagull, Wisdom Tree, chief economist and Wharton School professor of finance. Jeremy, great to see you.Happy holidays. >> Thank you. >> Uh labor market still doesn't give you too many things to worry about and claims.Although yesterday people were looking at conference board uh job differential and what that might mean for I don't know the prospect of a jobless expansion, let's say. >> Yeah. Yeah.that the the sweet spot for jobless claims uh you kno ...

Market uncertainty is more than just Fed or domestic policy related; often, geopolitics can have an even bigger impact on the fate of the markets than either of those factors. While not as severe as t... ...

The dollar index (DXY00) on Monday fell by -0.09%.  The dollar posted modest losses on Monday ahead of Tuesday's US Nov payrolls report.  The dollar came under pressure on Monday after the Dec Empire manufacturing survey of general business conditions unexpectedly contracted, a dovish factor for Fed policy. The dollar dropped to its low after Fed Governor Stephen Miran said the Fed's policy stance is unnecessarily restrictive on the economy.  The dollar recovered from its worst level after stocks declined, ...

Speaking of new jobs, Kevin Hasset versus Kevin Worsh. Do you have an opinion. >> I either I do not make personnel decisions.You know, I think I think I think Kevin is I think Kevin is a fantastic name. Uh, [laughter] you know, it's it's a great >> I'll ask another way. So, so Kevin Hassets, you know, there's been some he's been dogged lately by by being too close to Trump. There's some, you know, there reports that there's been some concern uh voiced to the president around the fact that I don't know, mayb ...

Core Viewpoint - The small-cap sector is showing significant momentum, with the S&P 500 up 17.1% and the Russell 2000 up 14.8%, indicating a potential for strong earnings growth in 2026 [1] Small Cap Performance - Small caps have experienced a profits recovery, with positive growth and upward revisions in earnings expectations [3][4] - Historical data suggests that after significant moves in the Russell 2000, there is a tendency for continued positive performance, with a 29% increase expected a year later [5] Investor Behavior - There is a notable increase in buying activity from various investor types, including retail and institutional investors, driven by the momentum in small caps [6] - The supportive Federal Reserve policy, including rate cuts, is beneficial for small-cap companies that are more leveraged [7] Market Conditions - The overall market sentiment has improved due to reduced uncertainty regarding tariffs and favorable earnings recovery [8][9] - M&A activity is increasing, particularly in the healthcare sector, which is positively impacting small-cap sentiment [9] Valuation Insights - While small caps are trading slightly above average valuation multiples, micro caps are trading 80% above average on sales multiples, indicating potential overvaluation in the micro-cap segment [11] - The expectation is for small caps to outperform larger caps, with earnings growth driving returns rather than price appreciation [16] Earnings Growth Expectations - Earnings growth for small caps is projected to be around 20%, compared to mid to low teens for large caps, suggesting better returns for small caps in the upcoming year [16]

The dollar index (DXY00) on Tuesday rose by +0.11%.  The dollar moved higher on Tuesday amid short covering ahead of the 2-day FOMC meeting, which ends on Wednesday.  The dollar gained ground on Tuesday after the Oct JOLTS job openings unexpectedly rose to a 5-month high, a hawkish factor for Fed policy.  The dollar's near-term upside is limited amid expectations that the Fed will cut the federal funds target range by 25 bp at the conclusion of the Tue/Wed FOMC meeting. President Trump said last that he w ...

The Q4 CFO survey, it's back and we're asking the biggest corporate financial decision makers about their business, the economy, and how they're using artificial intelligence. Every quarter, we ask about risk. CFOs say currently the biggest risk to their business, it's consumer demand.41% with that answer tied for second would be Fed policy and overregulation, both at right around 14%. Still, CFOs seem confident on the strength of the economy with more than half saying the US will not experience a recession ...

I sat down with @profstonge to discuss the current state of the US economy, what assets he likes, how the Fed policy is hurting everyone, why AI and deportations are important to understand, and how communism has become popular with elite educated children. https://t.co/DYCfrHKdtQ ...

Joining me, Dan Clifton is Strategus Research Partners head of policy and Dave Zervos is Jeffrey's chief market strategist, a CNBC contributor, not Fed Chair, Dave, unless you have anything you want to, you know, tell us about your conversations over the weekend. >> I've got no comment on that. >> We can talk about all the other >> stuff. I understand. It is truly great to see you guys and I appreciate you being here today. Do Do you I know Dave, you've been pounding the table about this for a long time. yo ...