December 17, 2025 05:02 AM GMT Telecom & Networking Equipment | North America 2026 Outlook: Network Effect Networking returns in 2025 were largely concentrated in AI and the optical trade (+100% return YTD). We believe AI trade will continue for optical through the 1H, though look towards a broader set of names that could outperform in 2026. Upgrading MSI to OW, remain OW AXON, CSCO, ANET. Key Takeaways AI trade broadened out from semi names in 2025, helping infrastructure names, particularly within optical ...

FRESH AI TRADE JITTERS. AI TRADE JITTERS. TODAY WE'LL DISCUSS AND DEBATE WITH THE INVESTMENT COMMITTEE.JOINING ME FOR THE HOUR TODAY, STEVE WEISS, JIM LEBENTHAL, BRENDA ANGELO AND KEVIN SIMPSON. SURE. THERE'S THE INTRODUCTION WE JUST SHOWED YOU THE OTHER MAJOR AVERAGES, WHICH HAVE ALL GONE DECIDEDLY RED, ESPECIALLY THE NASDAQ.LET'S SHOW THAT BECAUSE THAT'S WHERE THE PAIN REALLY IS. THAT HEADLINE THAT ORACLE IS DELAYING SOME OF ITS DATA CENTERS FOR OPEN AI TO 2028 FROM 2027. THE DELAYS ARE SAID TO BE WEISS, ...

We're going to take a look at some of the technical levels in the markets and the close the year and what we'll be watching next year. Joining us now, Gareth Soloway, chief market strategist at Verified Investing. Gareth, thanks so much for being with us today.You know, we are seeing a bit of a pullback in the markets today ahead of the Fed meeting kicking off tomorrow. You know, any thoughts on the recent action and also what to expect coming into this week. Yeah.So, I mean, it's very interesting that we s ...

It's the most wonderful time of the year: Wall Street prediction season. Bank strategists are weighing in on where they see the S&P 500 landing by the end of 2026. BI's Jennifer Sor has a roundup of what the top Wall Street firms are projecting.My colleague, Joe Ciolli, author of the fantastic First Trade newsletter, has already written extensively about these predictions. I figured it made sense to chop it up with him. Dan: Before we get into what Wall Street is predicting for 2026, let's get into why (o ...

Well, post Thanksgiving, markets are back in riskoff mode this morning. Equities seemingly stuck between possible Federal Reserve doubbishness and the risk aversion signals being sent by the crypto markets. Joining me now, Steve Sausnik, Interactive Brokers chief strategist.Steve, it's great to see you. Thanks for being with us. Hope you had a great holiday.Um, let's talk about the sort of push and pull in the markets here because, you know, we're getting these signals that maybe Kevin Hasset's going to be ...

Dow industrials add more than 600 points, biggest gain since August. ...

Joining us to talk more about the AI trade in the markets in the Fed, Sonali Basic is here, chief investment strategist at I Capital. Congratulations on the gig by the way. It's great to have you.>> Um maybe we could start with the Fed because we were just having a conversation about Fed odds, the Nick Timmeros piece in the in the Journal today, maybe carving a path to at least a hawkish cut in December. Does that make sense to you guys. >> It did because if you think about the case for cutting in December, ...

Time now for Options Corner. Joining us to take a deeper look at the chart is Rick Dukat, lead market technician. All right, Rick, this Dell's been a slight underperformer compared to the S&P 500.Which trends this year. What trends are you watching. >> Yes, uh, a notable underperformer as well versus its own tech sector, this recent unwind that we've seen.Seems to have hit Dell a little bit harder, down about 11.7% during the past year. XLK ETF up 19.7%. So a big disparity there.Uh but when we look at our c ...

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Core Insights - Investors are optimistic about potential interest rate cuts from the Federal Reserve, which could positively impact the stock market [1][3] - The likelihood of a rate cut to a target range of 3.5%-3.75% has increased significantly, rising from approximately 39% to over 70% [2] - New York Fed President John Williams indicated that there is room for further adjustments to interest rates, suggesting a shift towards a more neutral monetary policy stance [3][6] Market Reactions - Following Williams' comments, the stock market experienced a rally, with the Dow Jones Industrial Average rising nearly 800 points [4][7] - All three major U.S. indexes saw significant gains, indicating a positive market sentiment driven by the prospect of rate cuts [7] Economic Indicators - The labor market added 119,000 jobs in September, exceeding economists' expectations, which may limit the Fed's ability to cut rates as aggressively as previously thought [6] - Fed officials are divided on the outlook for rate cuts, with some adopting a more hawkish stance while others support further cuts to bolster the labor market [6][7]