Do you think that the markets really need the Fed to cut to keep steaming along?
CNBC Anchor
Chris Hyzy
Right now in the short term, the enthusiasm taking off and backing away from the potential cut everyone expected in December is putting weakness on the market, but does it really need it? It really doesn't
Chris Hyzy
Pausing or having a cut in December is more of a very near-term small hurdle
You think that there's a kind of flywheel that is keeping equities humming along
CNBC Anchor
Chris Hyzy
Three specific areas driving the flywheel: digital infrastructure beyond just AI, boomer spending in travel/leisure/entertainment, and profit momentum
When we're looking at the yields, are you expecting to see more steepening?
CNBC Anchor
Chris Hyzy
We certainly do because the short end coming down looking through over the next 12 months
What's your best advice right now about where we're heading into the last month of the year and how we start 2026?
CNBC Anchor
Chris Hyzy
We're going to stay overweight equities and use weakness in markets like today when there's no real fundamental news out there
Chris Hyzy
We're not at bubble stage for AI yet - bubbles happen when debt financing comes in at later stage of buildout and can't substantiate cash flows
What's your sense of international investments versus US?
CNBC Anchor
Chris Hyzy
We're neutral across the board on international investments, closed out underweight earlier this year