Since it is the first day of the year, I decided to give my predictions for 2026 and beyond. All of these are based on damped sinusoidal waves with 7-year, 5-year, and 19-year cycles. All of the cycles have been checked for significance.

• 2026-Anemic and below historical trending average.

• 2027-Higher than average potential for market losses.

• 2028-Even higher than average probability for market losses. This year holds the highest potential for a market crash in the near future.

• 2029-2031-Anemic and below historical trending market averages.

• 2032-Higher probability of better than average market gains.

I am telling my peeps to take some money off the top, and fall in love with cash and cash equivalents.

If I were to guess what the catalysts are, we have a lot of political risks (i.e., Trump tariffs), and market risks with AI being an over-hyped reality (similar to the tech bubble, but not as severe).

This is meant to be light hearted. I'll post this thread again next year, and we can see how we did.

For me

1. I think ai chips + hyperscalers do solid this year

2. I think the market maybe delivers 10%? but i'm feeling a bumpier year

3. gold will underperform

2025 was the year of "Mag7 or nothing." You could literally just buy Nvidia, Apple, Google, or Microsoft and make 20-30% returns. It was almost too easy.

But looking at the data for 2026, I'm seeing something different:

What's changing:

• Emerging markets returned 34.4% in 2025 (outperforming US)

• Energy stocks are rallying (JP Morgan estimates US oil potential)

• Value stocks are starting to outperform growth

• Housing prices are DOWN for the first time in 2+ years

• Retail spending is showing signs of fatigue

This feels like the beginning of a real market rotation, not just a dip

What I'm realizing:

The easy money in 2025 was in mega-cap tech. But 2026 might reward investors who are

willing to diversify:

• Energy (oil prices forecast to average $61/barrel)

• Emerging markets (already up 34.4% in 2025)

• Real estate (prices down, potentially a buying opportunity)

• Retail (some names like ULTA, AEO, GAP are showing strength)

I'm not saying sell everything. But I am saying that the playbook from 2025 (just buy Nvidia) might not work in 2026.

Am I crazy for thinking this? Or are you seeing the same signs?

Firstly, let me say I hate these over-done posts as much as the next person hah, but I did want to offer my insights as a 20+ year investor with both a long portfolio and an options portfolio that I generate a living income off of.

My long portfolio is currently 100% SGOV. Without overanalyzing or cherry picking, the simplest historic indicators show that market valuations right now are extremely rich, of the type that always proceeds a major correction.

Shiller PE nearing dot-com levels: https://www.multpl.com/shiller-pe

Trailing PE highest on record: https://worldperatio.com/index/sp-500/

Forward PE at a ceiling it only surpasses during major market crises: https://en.macromicro.me/series/20052/sp500-forward-pe-ratio

On top of that you have a flight to safety, gold, and a flight from risk, bitcoin, rounding out 2025 narratives.

However, despite this, I'm not actually bearish for 2026. There will be an come-uppance, we all know this, but I can see 2026 melting up another 5-10%.

This is because the single most influential variable the market has responded to in the last 15 years is liquidity, and apparently the biggest source of liquidity isn't jobs or GDP, but interest rates. This has driven the Main St vs. Wall St divide since 2008.

Now the US has an administration that is hell bent on lowering interest rates, regardless of any orthodox impetus to do this. Trump will be appointing a new Fed chair, and possibly more members, who will basically vote how he says. Not only that, but I could see this new chair making statements during any moderate 10% market correction that support QE and rescuing the market, meaning almost any red month will be a buy-the-dip type situation.

We also have a pending SCOTUS decision, possibly as soon as Jan 9th, that actually looks like it could undo tariffs, which I think would cause a rally in the S&P493.

You never know with someone like Trump at the handle, but it's hard for me to see any major negative catalysts for 2026, aside from 'concerns about valuations'. Maybe a single missed ER by nVidia will cause an unwind, or maybe global liquidity will begin to dry-up as most other OECD nations take more moderate monetary policies and more severe theories about the yen carry-trade show true.

I always play defensively as I live off my savings - I intend to stay in SGOV in my long portfolio - I'll take a safe 4.25% over a risky 8.5% any day of the week. For options, where I normally sell CSPs, I'll likely pursue more delta neutral strategies.

With another year wrapping up, I’m curious how people here are thinking about next year.

What do you think will be the biggest drivers of returns by the end of 2026? Are you making any portfolio adjustments now based on those views?

It's going to be an interesting year for sure..lol.

Everyone is starting to ask what next year’s market outlook will be. So let’s study Wall Street’s latest New Year forecasts together. The market has really been wild lately. One minute everyone is celebrating Nvidia’s earnings, thinking tech stocks can keep rising for another ten years, and the next minute the market suddenly tanks and big players dump Nvidia to rotate into Google. The AI ​​boom has clearly entered its second half.

So the question is: how long can this wave last? After this round of Christmas gains, will next year keep taking off or fall flat? Every year end, those suit-and-tie Wall Street elites start brainstorming and draw a road map for the next year. This year, I looked through everything almost all of them are bullish. Eternal bull market.

The most optimistic one is Deutsche Bank. They boldly claim the S&P 500 could reach 8000 points next year, nearly a 20% increase. Keep in mind, the S&P has already risen more than 10% this year, and they still want more. Why so optimistic? It basically comes down to two words: Artificial Intelligence.

AI is no longer just a tech buzzword. It has become the engine of the entire capital market. Nvidia, Microsoft, Google these giants are throwing insane amounts of money into AI R&D. Capital expenditure is at record highs. Deutsche Bank believes AI investment and adoption will dominate market sentiment next year and could even spark a true productivity revolution.

But here’s the problem the S&P 500 is now trading at a 25x P/E ratio, while the historical average is just above 15. Isn’t that expensive? It definitely is. But Deutsche Bank insists that even if valuations don’t expand further, they can stay high. Why? Because supply and demand for stocks are extremely strong. Money is still flowing into equities, corporate buybacks haven’t stopped, and earnings expectations are rising. They even predict that in In 2026, EPS could reach $320.

Interestingly, Morgan Stanley is also bullish, targeting 7800 points, yet they didn’t buy the Magnificent Seven. Their chief strategist Wilson thinks tech stocks might fall alongside the broader market. They prefer small caps, consumer discretionary, healthcare, financials, and industrials. Why? Because they see a key signal earnings expectations are shifting from tech to other sectors, and consumer spending is moving from entertainment to physical goods. This suggests the economy might be entering a new phase.

More importantly, Morgan Stanley is betting that the Fed will cut rates early. The logic is simple: if employment weakens, liquidity tightens, and risk assets fall, Powell won’t be able to hold he’ll have to pump liquidity back into the market. Once rates turn down, the valuation ceiling opens again.

HSBC, Barclays, and UBS all agree. HSBC even said: who cares if there’s a bubble? The dot-com bubble also rose for three to five years just get on the ride first. UBS even drew a bull scenario where the S&P hits 8400. But they also admit the market is shifting from tech dominance to broader sector participation. Capital spending is no longer only on AI chips it’s spreading across more industries.

From my perspective, the U.S. market is still the top priority next year, but we shouldn’t be overly optimistic because it will be Trump’s second year in office. You might not know this, but historically, the second year of a U.S. presidential term especially midterm election years has been the weakest and most volatile for stocks.

In 2018, during Trump 1.0’s second year, the first half was great, then the market collapsed in the second half. The trade war began, tech stocks plunged, the VIX soared 70%, and even crypto and emerging markets crashed.

And now? The script looks nearly identical. Policies change every day. Tariffs can hit at any time. Even if the Supreme Court slows down tax hikes, the possibility alone is enough to make manufacturers, retailers, and exporters lose sleep.

Plus, the 2026 midterm elections are coming. Both parties will go all-out, meaning fiscal policy may freeze again, and market trust in the government will keep eroding.

What’s worse, sector divergence is even more extreme than in 2017. In the U.S., only AI related tech stocks are supporting the market. Materials, energy, real estate everything else is dropping. Europe isn’t much better. Finance and utilities barely hold up while others slump.

When only a few assets are booming and most are stagnant, it signals a fragile market. If tech stocks cool off, the entire market could lose momentum instantly.

So next year, political cycles, policy risks, and the pressure of converting AI hype into real profits these three mountains won’t disappear. Right now the market is pricing in aggressive rate cuts while also assuming a soft landing and continued earnings growth. Wanting everything at once often ends badly.

In my view, the script may look like this:

First half: AI momentum and liquidity expectations may push the market higher again.

Second half: As midterm elections approach, policy noise increases, earnings get disrupted, and volatility returns.

Whoever holds high valuation, low cash flow story stocks will be the most at risk.

Is it really safe to invest right now when people like Peter Schiff and Michael Burry who both CORRECTLY PREDICTED THE 2008 FINANCIAL CRISIS think that we will have a stock market crash in 2026?

Everyone is starting to ask what next year’s market outlook will be. So let’s study Wall Street’s latest New Year forecasts together. The market has really been wild lately. One minute everyone is celebrating Nvidia’s earnings, thinking tech stocks can keep rising for another ten years, and the next minute the market suddenly tanks and big players dump Nvidia to rotate into Google. The AI ​​boom has clearly entered its second half.

So the question is: how long can this wave last? After this round of Christmas gains, will next year keep taking off or fall flat? Every year end, those suit-and-tie Wall Street elites start brainstorming and draw a road map for the next year. This year, I looked through everything almost all of them are bullish. Eternal bull market.

The most optimistic one is Deutsche Bank. They boldly claim the S&P 500 could reach 8000 points next year, nearly a 20% increase. Keep in mind, the S&P has already risen more than 10% this year, and they still want more. Why so optimistic? It basically comes down to two words: Artificial Intelligence.

AI is no longer just a tech buzzword. It has become the engine of the entire capital market. Nvidia, Microsoft, Google these giants are throwing insane amounts of money into AI R&D. Capital expenditure is at record highs. Deutsche Bank believes AI investment and adoption will dominate market sentiment next year and could even spark a true productivity revolution.

But here’s the problem the S&P 500 is now trading at a 25x P/E ratio, while the historical average is just above 15. Isn’t that expensive? It definitely is. But Deutsche Bank insists that even if valuations don’t expand further, they can stay high. Why? Because supply and demand for stocks are extremely strong. Money is still flowing into equities, corporate buybacks haven’t stopped, and earnings expectations are rising. They even predict that in In 2026, EPS could reach $320.

Interestingly, Morgan Stanley is also bullish, targeting 7800 points, yet they didn’t buy the Magnificent Seven. Their chief strategist Wilson thinks tech stocks might fall alongside the broader market. They prefer small caps, consumer discretionary, healthcare, financials, and industrials. Why? Because they see a key signal earnings expectations are shifting from tech to other sectors, and consumer spending is moving from entertainment to physical goods. This suggests the economy might be entering a new phase.

More importantly, Morgan Stanley is betting that the Fed will cut rates early. The logic is simple: if employment weakens, liquidity tightens, and risk assets fall, Powell won’t be able to hold he’ll have to pump liquidity back into the market. Once rates turn down, the valuation ceiling opens again.

HSBC, Barclays, and UBS all agree. HSBC even said: who cares if there’s a bubble? The dot-com bubble also rose for three to five years just get on the ride first. UBS even drew a bull scenario where the S&P hits 8400. But they also admit the market is shifting from tech dominance to broader sector participation. Capital spending is no longer only on AI chips it’s spreading across more industries.

From my perspective, the U.S. market is still the top priority next year, but we shouldn’t be overly optimistic because it will be Trump’s second year in office. You might not know this, but historically, the second year of a U.S. presidential term especially midterm election years has been the weakest and most volatile for stocks.

In 2018, during Trump 1.0’s second year, the first half was great, then the market collapsed in the second half. The trade war began, tech stocks plunged, the VIX soared 70%, and even crypto and emerging markets crashed.

And now? The script looks nearly identical. Policies change every day. Tariffs can hit at any time. Even if the Supreme Court slows down tax hikes, the possibility alone is enough to make manufacturers, retailers, and exporters lose sleep.

Plus, the 2026 midterm elections are coming. Both parties will go all-out, meaning fiscal policy may freeze again, and market trust in the government will keep eroding.

What’s worse, sector divergence is even more extreme than in 2017. In the U.S., only AI related tech stocks are supporting the market. Materials, energy, real estate everything else is dropping. Europe isn’t much better. Finance and utilities barely hold up while others slump.

When only a few assets are booming and most are stagnant, it signals a fragile market. If tech stocks cool off, the entire market could lose momentum instantly.

So next year, political cycles, policy risks, and the pressure of converting AI hype into real profits these three mountains won’t disappear. Right now the market is pricing in aggressive rate cuts while also assuming a soft landing and continued earnings growth. Wanting everything at once often ends badly.

In my view, the script may look like this:

First half: AI momentum and liquidity expectations may push the market higher again.

Second half: As midterm elections approach, policy noise increases, earnings get disrupted, and volatility returns.

Whoever holds high valuation, low cash flow story stocks will be the most at risk.

https://www.thestreet.com/investing/bank-of-america-shares-sp-500-warning-for-2026

> As of Q3 2025, the “Magnificent 7” (led by giants like Nvidia) contributed an eye-popping 54% of the S&P 500’s price gain and 44.1% of its earnings growth, per First Trust.

Haven’t seen this datapoint before, I find it quite staggering. After this quote goes on to mention market cap-to-GDP, price-to-book, and enterprise value-to-sales.

> As a result, it’s more about hunting selective opportunities, particularly in health care and real estate.

> The case for health care and real estate in a fully priced market Subramanian argues that health care and real estate are two sectors that look cheaper than tech, and the numbers are moving in the right direction. Having assigned an overweight rating on both with a nearly one-year time frame, she suggests the appeal isn’t just about low valuations, but about improving fundamentals.

I find this stance kind of strange, is this normal for BoA to do? I feel that it causes the article to lose the credibility it had accumulated, at least for me.

What do those with more knowledge/experience than me think about this?

Lowering interest rates in a hot economy with high and sticky inflation is bearish and most of the new investments by institutions & family offices appear to be in oversold defensive sectors. I’m genuinely concerned about 2026 with market driven by sentimental factors than technicals or fundamentals. Any insights?

Reasons:

1. Statistically second year of presidency has been weak (eg 2018 and 2022). Most of the new admins policies have been introduced. So there aren't many new things to look forward to. (Tax cuts are done, most of the country deals are done)

2. Tariffs and deportations will cause costs to raise - In economics things take time to show up. All the money printed in 2020 caused a lot of inflation during 2021. Companies are absorbing costs now to be in the good books of potus but they might have to pass the costs some day. Decrease in farm workers will also cause price increase

3. Most of the AI announcements are already in place. OpenAI has announced a deal with every company I can think of. Most chip stocks are at elevated valuations. We can see market reaction was tepid for most AI players so far (Celestica, Astera, AMD, Qualcom)

4. Rate cut is the only positive catalyst left. But whether the later cuts will give same euphoria to market is doubtful. After initial few cuts future ones may not have same effect

5. We've had 3 years of double digit returns. Except during dot comm boom such a pattern has always been followed by a down year or a low percentage gain year

6. AI players are all doing the same thing. Unlike dot com boom where we had different types of websites AI players seem to be doing same stuff (LLM, Image or video gen, AI agent). Unless AI players keep showing new stuff market will lose interest by incremental tweaks to same stuff.

What are your thoughts?

It’s that time of the year again we’re nearing the end of 2025 and heading into a brand new year soon. Thanks to recommendations from fellow Redditors, I picked up ASTS, RKLB, and NBIS earlier this year and managed to make some gains.

What bags are you holding now that you think could seriously take off and go to the moon in 2026? #MOONSHOT2026

Evidence Supporting a Potential 2026 Land-Driven Economic Crisis

Historical Cyclical Patterns

The 18-year real estate cycle theory has shown remarkable consistency throughout modern economic history:

• The 2008 housing crash + 18 years = 2026

• Previous major U.S. real estate crashes occurred in 1989-1990, 1973-1974, 1954, 1935 - showing this pattern holds

• Economist Fred Harrison accurately predicted both the 1990 recession and 2008 crash using this cycle theory

Current Land Value Surge

The Current Data Supporting a 2026 Land Price Crash

The evidence for a potential 2026 economic crisis triggered by land speculation is compelling:

1. Historical Cycle Analysis

• The 18-year real estate cycle theory shows remarkable consistency throughout history

• Previous major crashes occurred in 1989-1990, 1973-1974, 1954, 1935, and 2008

• If we count from the 2008 housing crash + 18 years = 2026

2. Surging Land Values Despite Economic Warning Signs

Land values have increased dramatically since 2020:

• Agricultural land values jumped 5% in 2024 alone, hitting a record $4,170 per acre

• Residential land prices have surged 82% from January 2020 to February 2025 in California

• Home price-to-income ratios have reached record highs, with the national average at 4.7, and states like Hawaii (9.1) and California (8.4) seeing extreme imbalances

3. Credit Conditions Enabling Speculation

• The Federal Reserve cut rates by 1 percentage point in 2024 (from 5.25-5.50% to 4.25-4.50%)

• This loosening of monetary policy is creating conditions similar to previous speculative cycles

• Further cuts are projected through 2025, potentially fueling more land speculation

4. Unaddressed Structural Issue

• The fundamental problem that I will leave down in the comments - lack of land value taxation - remains completely unaddressed

• Without this structural reform, there's nothing stopping the cycle from repeating again

• Current tax policies still encourage land speculation rather than productive use

5. Housing Affordability Crisis

• In 2022, the median home price was 5.6 times higher than median household income - the highest on record

• This ratio has worsened significantly since 2019, when it was just 4.1

• This disconnect between housing costs and incomes is precisely the kind of imbalance that precedes major corrections

My Assessment: Why 2026 Is Likely for a Crash

Looking at all this data together, I believe a 2026 land-driven crash is highly plausible. Here's why:

1. We're following the same pattern as previous cycles: The housing market recovered from 2008, entered a growth phase, and is now entering the speculative phase where prices detach from fundamentals.

2. The post-pandemic surge in land values matches historical pre-crash patterns: Just as speculation shifted from land to stocks before the Great Depression, we're seeing investment capital moving between asset classes now.

3. The price-to-income ratio is flashing warning signs: When housing becomes as disconnected from incomes as it is now, it signals an unsustainable bubble.

4. Monetary policy is enabling speculation: The Fed's rate cuts, while intended to support the economy, are creating conditions where speculative investment in land becomes more attractive.

5. The structural reform needed to prevent the cycle hasn't happened: Without land value taxation to capture the unearned value, there's nothing preventing the same cycle from repeating.

If Henry George's theory is correct - and the evidence suggests it is - we're approaching the peak of the land value cycle. The coming year could see further speculation before a significant correction in 2026, absent any major policy intervention.

For several Decembers we've pinned a prediction post to the top of the sub for a few weeks. Use this to make some predictions for 2026. Here's the 2025 predictions post - who do you think did best?

A few people did well with a lot of their predictions, but everyone also got a few things wrong. u/TemetN & u/omalhautCalliclea scored a lot more hits than misses.

Make some predictions here, and we can revisit them in late 2026 to see who did best.

I’ve seen a lot of predictions about an economic crash (some people even said it would April 2024), but the big crash is coming by early 2026 and the tipping point will be massive cuts to social services like Medicaid, Medicare, and Social Security. It depends on those cuts. The economy will limp along, but if/when those social program cuts happen, that’s when we're all screwed.

Why social service cuts? They prop up consumer spending and general economic stability. Millions of Americans rely on Medicaid, Medicare, and Social Security just to get by. (Medicaid/CHIP alone covers about 79 million people as of 2024​ and Social Security supports ~73)

If funding gets slashed, a huge number of people will suddenly have less money to spend on groceries or essentials and that’s a direct hit to consumer spending, which is like 70% of our economy. On top of that, cuts to things like Medicaid/Medicare mean more people unable to afford healthcare which could leave them with medical debt or skipping care​.

States would hurt since they share the cost of these programs. States either have to fill the gap (blowing up their budgets) or cut services locally. It's really just less money flowing through local economies and more financial stress on families and state governments.

The economy is already under strain from multiple directions. We’ve been living in an economic “bubble” especially in the stock market. Valuations are wildly high by historical standards (the U.S. market is trading around 38 times earnings, which is in the 95th percentile of historical valuation levels​).

At some point that bubble could burst if investors get spooked. There's also corporate debt. Companies binged on cheap loans for years and now those debts are coming due in a high interest rate environment. We’re actually starting to see signs of trouble with corporate defaults jumping 80% in 2023 (153 companies defaulted vs 85 in 2022)​. A lot of firms have to refinance their bonds soon, and it’s going to be way more expensive so some might not survive that.

Commercial real estate is a ticking time bomb. Office buildings are sitting half-empty and their values have plummeted. Building owners are struggling to repay loans.

If landlords default, that puts banks (especially regional) in trouble and could tighten credit availability further. We’ve seen the cracks with some regional bank failures in 2023, partly because they didn’t manage risks well when interest rates rose. (Worth noting: even the Federal Reserve pointed to a 2018 deregulation rollback under Trump as one factor that made Silicon Valley Bank’s collapse more likely​. Basically, some safeguards were loosened and banks took on more risk than they should have.) So the financial system isn’t as solid as we’d like, and higher interest rates by the Fed (to fight inflation) are slowly pressing on the bruises of the economy.

Tariffs are essentialy taxes which translates into higher costs for businesses and consumers. It's that simple. Worse tariffs will cause higher prices or thinner margins which quite simply is not great for economic stability. Deregulation (not just banking, but environmental, etc.) might boost short-term profits but WILL cause long-term costs or instabilities (think of environmental cleanup costs and risky financial behavior).

We have a war in Ukraine that’s messing with energy and food markets, new conflicts popping up (the Middle East and oil prices), and general geopolitical rivalry (US vs China) which will affect supply chain uncertainties. Global instability means more risk of something big going wrong like a supply shock that could hit our economy at a vulnerable time.

So with all that as background, here’s how I see the timeline playing out:

Early 2025: The economy holds up. We don’t get the big crash yet. We avoid a real recession through 2025. Unemployment might tick up a bit but stays relatively low. Consumer spending might not be great but manages to keep going because people still have jobs and some savings. There is a political incentive to keep things looking good (I think?!). Maybe we see corporate defaults but nothing dramatic.

Mid 2025: Slowdown is noticeable. Higher interest rates will start biting harder. Consumer savings start running out if social services get cut quickly. Not full recession.

Late 2025: The recession hits. By late-2025, if there really are major budget cuts on social programs, those will start to be felt. Millions of people will have reduced benefits or lose coverage which translates to less spending in the economy pretty quickly. I see layoffs to increase. Businesses struggle. Rising unemployment, falling stock prices, credit getting tighter, perhaps some smaller banks failing or needing bailouts. Confidence would dive.

Early 2026: I predict we’ve crashed. It's a financial crisis or a really sharp economic contraction. The stock market bottoms out and big companies go bankrupt. Unemployment is bad. I’d expect at that point the government and Fed would scramble to intervene, maybe they'll wave around those Elon Musk $5000 to those who are worthy, but by then a lot of damage is done similar to how it felt in 2008.

So, why might this not happen? I’m open to the idea that I could be off-base or missing something. Maybe all the social service cuts won’t be as severe or won’t happen, or it will face political gridlock, or they get watered down. Maybe the economy could be more resilient than I expect like if the Fed manages a “soft landing” to bring down inflation without a major recession. Maybe it's also possible consumers and businesses adapt, but how?

What reasons are there to think the economy won’t crash by 2026? Maybe you think the timeline is wrong? I’m genuinely interested in seeing if this seems right.

Most investors are currently treating the S&P 500 as a safe haven. They are ignoring the fact that index concentration is at a 50 year high and the equity risk premium is effectively zero. We are seeing a massive divergence where the Magnificent Seven are priced for perfection while high quality cash generators in boring sectors are being priced for a recession that hasn't arrived.

1. The Passive Inflow Distortion Passive indexing has created a valuation feedback loop. Money flows into the index, which forced buys the most expensive stocks, which pushes the index higher. This has decoupled price from value. History shows that when concentration reaches these levels, the subsequent decade usually results in flat or negative real returns for the index leaders. Price eventually matters.

2. The AI Capex Circularity Risk We are tracking a significant risk in 2026: AI earnings circularity. A huge portion of current AI revenue comes from cloud providers funding the same startups that purchase their compute services. Industry analysis suggests that for the $500B in hyperscaler capex to be justified, we need $2 trillion in new annual revenue—a figure unsupported by current enterprise adoption rates. If this circularity breaks, the correction won't be a dip; it will be a structural repricing.

3. The Opportunity in Boring Cash Flows While the crowd chases 30x forward earnings in tech, there is a generational setup in what I call Anti-Momentum stocks. We are looking at wide-moat businesses in utilities, logistics, and consumer staples trading at 12-14x FCF with 5% yields. These are companies with sticky backlogs and high revenue visibility that act as a natural hedge against an AI valuation reset.

Conclusion In 2026, the winners won't be the ones with the best stories; they will be the ones with the cleanest balance sheets. If you are index-heavy, you aren't diversified; you are just long on a single theme.

I am currently finalizing a 10,000-word mandate on the Great Rotation and the specific value plays we are positioning for in 2026. It includes a deep dive into the $10B FCF inflection point for one of our largest convictions. You can join the list here to get the full research when it drops:https://substack.com/@wealthwhispersss

I've got quite a bit in the S&P 500 and have enjoyed the gains, however I feel like diverting a large portion of that into some ETFS that avoid so much exposure to the tech sector being that AI is still far from profitable. It's a pretty obvious bubble, there's just a lot of hope fueling it.