Asks if seasonality should be relied upon given December's historical strength and current market conditions including rate cut hopes and bubble concerns.
Frank
Steve Sosnick
Seasonality is unreliable; November was barely positive despite being classically the best month. Doesn't base decisions on it.
Notes bullish bank S&P 500 targets for 2026 and asks why Sosnick's view differs.
Frank
Steve Sosnick
Warns of excessive optimism around AI profitability, comparing data center build-out to dot-com bandwidth excess. Believes easy money has been made and a retrenchment is coming.
Asks if money will rotate to broader market or concentrate in perceived AI winners for the rest of the year.
Frank
Steve Sosnick
Expects market to broaden out in the last month, citing rotation beyond the 'same old 7 to 10 names' as positive. Seeks value in stocks with solid earnings and cash flow.