• Asking for market call for next year.
    Host
  • Nick Sheres
    2026 outlook is continuation of 2024 story: kitchen sink Q1, bear market low in April ended economic cycle. Now rolling recovery from policy changes driving stronger 2026 economy via investment cycle. Base case target 7800 for 2026.
  • Asking what changed view to become one of biggest bulls on Wall Street.
    Host
  • Nick Sheres
    Flexibility in views based on work. Key change: earnings revisions breadth is tremendous this year - most people missing this story while focused on valuation. Valuations okay if earnings beat upside. Call for 2026: broadening earnings story leading to broadening equity story.
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