Expecting more market breadth; without massive tech-led rally, achieving 20% returns is more challenging.
What if AI isn't as transformative as expected? Biggest risk is realizing AI isn't all it was promised to be, reversing recent returns.
Host
Sean Simonds
Probability of AI disappointment was higher in 2023; now closer to 'second coming of internet' with efficiencies being captured by corporations.
What to do with commodities in 2026? Jump in with FOMO or take money off table?
Host
Sean Simonds
Positive on materials and industrials vs consumer areas; cites 1.5%+ EBIT margin increases for industrials, expecting 10% earnings growth vs flat this year.
With solid 2025 earnings, are 2026 earnings enough to support the market?
Host
Sean Simonds
Close to consensus ~15% S&P 500 growth; seeing earnings breadth in tech plus 'big six' both at ~20-21% growth - closest they've been in years.
Sean Simonds
Still positive on European equities, especially European financials; Europe coming back into spotlight this year.
What's screening well currently? US, sector, industry, factor?
Host
Sean Simonds
Emphasizing margins and operational efficiencies; rotation into higher quality coming this year; PEG factor (valuation for growth) important.