It's great to talk to you today. Tell me a little bit about this diversification and and why and we're hearing it from lots of different sources today. Why it's so important heading into 2026.>> Yeah, you know, you so Contessa, you mentioned it there. There's some some trading, some adjusting of positions here at year end. We would look through that, look past that.We see the AI capex trend, the spending trend on equipment continuing to grow next year. We think that's a reliable trend, but we don't want to ...

Michael Zakur. Did I say that correctly. Michael, thank you.F five new digital founder and author of the new retail. All right. Can we talk about this calendar thing.Did it matter at all this year. In your opinion, >> it did matter. Um it was it jumped out at me immediately in the summer, you know, when I'm planning my holiday rituals and uh what I'm doing for my own shopping and working with my clients.I said, "Oh my god, we're only going to have I think it was 27 days between right uh Thanksgiving and and ...

The dotcom bubble remains a warning for many. JPM writes that it has established five barometers to establish similar irrational exuberance . On the first, capacity, the institution notes the industry is comfortably keeping up with demand. The second is the abundance and availability of credit, which the AI trade has, noting: “Public markets will be willing to finance the largest tech companies, which all have tighter spreads than the broad investment-grade index.”In a note titled “Promise and Pressure,” J. ...

It's time for the big three. We've got three stocks and three charts here. Kevin Green joining us today to take us through the charts. And here to take us through the trades is Jessica Insk from stockbrokers.com. Great to have you both with us today. Jessica, I'd love a big picture thought on the market action we're seeing.We got some important data this morning. Some some of it albeit backwards looking, but you know, important numbers nonetheless. that it was the quality of the data is certainly important ...

This audio is auto-generated. Please let us know if you have feedback Selling clothing is tough on a good day, given how quickly fashion tastes can shift. With tariffs and consumer anxiety adding to the level of difficulty, this year seemed destined to run roughshod over apparel retailers’ performance.Yet many have thrived. Through October, compared to a year ago, apparel sales rose every month except February, sometimes 6% or more, according to the U.S. Department of Commerce. In Q3, apparel retailers inc ...

Joining me now, Brian Jacobson, chief economist, Annex Wealth Management. Brian, great to have you back. Thanks for joining us.>> Yeah, thank you for having me. >> Brian, you say there's quite a bit to like about the outlook for 2026. Kick things off and tell us what you like.>> Sure. Well, I think maybe part of it is that it's not 2025. that uh was a little bit of a low bar there in terms of the policy uncertainty that we knew that we were going to be facing in terms of, you know, tariffs, taxes, all sorts ...

So, just a quick snapshot of what we're seeing this morning as we get up and running for trade. What's going to be a very busy week as I mentioned, we've got the jobs data, we've got the retail sales, we've got the CPI as well. Uh let's get to Alex Coffee now who joins me this morning.Very happy Monday to you, Alex. And we do have also some housing market data hitting the tape right now. What are you seeing there.>> Yeah, the housing market data comes in in line for December. Uh this is the NAHB housing mar ...

Core Insights - The Federal Reserve's recent meeting signals a cautious approach due to a weakening labor market, shifting focus from inflation to job growth [1][3][4] Labor Market - The labor market is showing signs of weakness, with job losses reported and initial jobless claims increasing [2][6][8] - Continuing claims have been rising for several quarters, indicating difficulties for individuals re-entering the workforce [7][8] - The impact of AI on productivity gains is being considered as a factor in workforce reductions [8] Consumer Health - The economy is experiencing a K-shaped recovery, where higher-income households are faring better than lower-income ones [10][12] - Retail sales during the Black Friday week were strong year-over-year, supported by rising home prices and the wealth effect [10] - Lower interest rates are allowing homeowners to access home equity, potentially unlocking trillions in consumer spending power [11][12] Market Outlook - The S&P 500 and other indices are reaching new highs, with expectations for a positive market environment heading into 2026 [13][15] - A rotation in investment focus is anticipated as cost of capital decreases, allowing for broader participation beyond the top-performing stocks [15][16] - Volatility is expected in the first half of 2026 due to uncertainties surrounding the midterm elections, but a strong economic and earnings growth outlook remains [18][19] Sector Preferences - Value stocks and international stocks are favored for 2026, particularly due to low energy prices and favorable fundamentals compared to U.S. large-cap stocks [20][21][22]

Market Outlook - Deutsche Bank projects the S&P 500 to reach a price target of 7500 by the end of 2026, anticipating the US market to slightly outperform international stocks and a stabilization of the dollar [1][4]. Dollar Performance - The dollar experienced significant weakness in 2025 but is expected to stabilize in 2026, with a forecast of the dollar at 115 and dollar-yen at 145 over the next 12 months [5][4]. - The dollar's performance is influenced by the strength of the US economy, which is generating double-digit returns in equity markets, attracting fund flows [4][5]. Geopolitical Factors - Geopolitical conditions are expected to be more stable in 2026 compared to 2025, with fewer crises affecting oil markets, which are sensitive to political developments [6][4]. Political Influence on Markets - The midterm election year is anticipated to create a unique market narrative, with positive performance in the first and fourth quarters, but potential sideways movement in the second and third quarters [8][7]. - Tax incentives and a projected 20% year-over-year increase in tax refunds in the first half of the year could stimulate consumer spending and market activity [9][10]. Economic Drivers - The current economic growth is primarily driven by non-residential fixed asset investments, particularly in AI data centers, but there is a need for consumer spending to contribute significantly to GDP growth [12][11].

Joining us now, Sylvia Jablonsky, Defiance ETF's co-founder and CEO. And we were talking about the some of the positive action we've seen in the stock market in the last what week and a half or so, which maybe calmed some of the fears that we did have earlier uh about whether we wouldn't have a Santa Claus rally. In fact, a lot of people said what we normally see in September and October, we were seeing in November. Some of the uh you know, we see a lot of lows set in October.I want to start with you with w ...