The podcast, "Thoughts on the Market," features Andrew Sheets, Michael Zezas, and Serena Tang discussing the 2025 economic outlook and key investor debates for 2026. Andrew Sheets provides an overview of 2025, noting slower economic growth, stubborn inflation, and market resilience driven by AI spending. He projects a brighter 2026 with accelerating global growth, easing inflation, and improved real incomes, particularly in the U.S. Michael Zezas and Serena Tang then delve into investor concerns, addressing equity valuations in the context of AI, comparing current market conditions to past bubbles, and discussing the broadening of U.S. stock earnings to include small and mid-cap companies. They also examine the implications of AI-related debt issuance for credit markets and the outlook for the U.S. dollar in 2026, anticipating continued downward pressure in the first half of the year.
Sign in to continue reading, translating and more.
Continue
