AI agents like Grok Bot and Muse present a massive tailwind for cybersecurity stocks. Every agent needs an identity, permissions and security, which should be bullish for $OKTA $PANW $CIBR @_JoshSchafer explains the outlook.

The majority of people will never pay for frontier AI because free models already handle basic questions and search. Most users don't want to solve complex physics or math problems. @ckaiwu explains his view on the difficult ROI for AI spending.

Hard assets like gold, land and bitcoin will last forever. Put those in a portfolio with high-risk moonshot bets and you end up with a barbell investment strategy that pairs boring resilience with disruptive technology. @APompliano explains.

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How will we know when the AI boom is about to end? @ckaiwu says he's paying attention to where infrastructure funding is coming from. In the early stage of large booms, companies pay with cash and equity. Profits are strong so the easy money is there. But more and more of the spending on data centers and chips is financed with debt today.

The US Oil ETF $USO is up 127% this year. That's 10x the S&P 500 during a year the index has hit 28 record highs.

Midterm election years bring the S&P 500's strongest fourth quarters. Q4 in midterm years are +6.6% on average since 1950, versus ~3% in the other years of the 4-year cycle. Midterm Q4s have been positive in 16 of 19 instances since 1950.

Chip stocks have dropped 8 days in a row. $SOXX Semiconductor ETF is down 12.7% through its longest losing streak since 2015. Still +71% year-to-date.

I took the stage with @APompliano at Silvia Investor Summit to unpack the stocks I'm most bullish on and the most important charts driving markets today. The AI boom is has room to run and the bears will be on the wrong side of history. Asset prices are going much higher.

The median S&P 500 stock is up 5.7% this year. Just 191 stocks out of 500 are outperforming the index's 13% return so far in 2026.

The Russell 2000 $IWM is down ~11% from its all-time high while the S&P 500 is still just 1% from its record. Higher for longer interest rates showing up in stocks.

The AI boom is following the same pattern that led to the collapse of the internet and railroad buildouts. Most investors are not ready for the fallout. I sat down with quant @ckaiwu to walk through how the AI market rally could end, the outlook for hyperscalers and chip names, why he doesn't like picks and shovels stocks, and where he sees the best opportunities today. Kai is one of the smartest investors in the industry and he has been ahead of the AI trade every step of the way. TIMESTAMPS: 0:00 - Most stocks are crashing 3:27 - Bearish on AI boom 5:50 - 3 stages of AI buildout 8:17 - Circular financing 11:46 - Do Anthropic and OpenAI have moats? 17:06 - $2 trillion AI lab IPOs 18:25 - Chips and boom-bust cycle 22:51 - Avoid picks and shovels 25:10 - Lessons from historical disruption 29:18 - Best opportunities today 34:05 - 2 stocks with moats 37:58 - Picking stocks with AI 41:17 - Follow Kai

3 Big Banks have dropped 20% from their highs and others are still falling. $GS -23% $BAC -21% $MS -21% Strong earnings have not given the sector a boost yet.

The S&P 500 is up 118% as the bull market hits its 4th birthday just before midterm elections: - Midterm Q4 sees 2x returns vs other years - Post-midterm annual return is 2x other years - Stocks avg +31% after midterm lows I discuss w/@jd_durkin @FINTECHTVglobal at @NYSE

The S&P 500 is up 12% even as 203 individual stocks in the index are negative year-to-date. 35% of S&P 500 constituents are outperforming the index.

Energy and Technology are the only 2 sectors outperforming the S&P 500 in 2026. $XLE +50% $XLK +36% $SPY +14% Utilities, communication services and consumer discretionary all negative year-to-date.

Investors have spent decades expecting the Fed to bail out markets but a new liquidity regime is coming. I sat down with @NewYorkLife global strategist Julia Hermann to discuss the end of the Fed put, pushback on AI data centers, the bull case for financials, and where to find opportunities for 2027. Julia has very differentiated views on macro and portfolio allocation. This conversation will make you think critically. TIMESTAMPS: 0:00 - New liquidity regime 2:02 - US vs. Europe vs. Japan 4:43 - Rethinking the Fed put 6:05 - Sponsor: Y'all Street 7:04 - Don't count on a bailout 8:08 - Rise of non-bank liquidity 10:11 - Kevin Warsh and market-led policy 11:15 - One more Fed hike? 13:09 - Total portfolio approach 15:42 - What to buy for the next decade 17:11 - AI is a capital importer 18:38 - The AI capex sandwich 20:33 - Midterm elections 22:14 - Political pushback on data centers 25:41 - Still bullish financials 27:33 - Why not just own tech? 30:47 - Fixed income opportunity 32:12 - 5% yields vs. stocks 35:26 - Should we trust the Fed? 36:45 - Unreliable jobs data 39:12 - @NYLIManagement

In the 4 years of this bull market: - ETF assets are up 250% - ETFs using derivatives are up 450% And leverage is showing up more and more across thousands of new ETF launches.

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