Asks Jordan Jackson about the big week ahead with Fed, Oracle, Broadcom.
speaker1
Jordan Jackson
Expects Fed to cut rates but sees potential for dissent; not a foregone conclusion for continued cuts into next year - may not get further cuts until second half.
Asks if hawkish cut would affect end-of-year rally prospects.
speaker1
Jordan Jackson
Doesn't think hawkish cut would affect rally; lots of supportive market dynamics, hard to be bearish; only red light is valuations.
Acknowledges bullishness; notes market tension ahead of Fed despite expectations of non-committal stance.
speaker3
Notes Oracle story could affect AI trade direction.
speaker1
Oracle shares recovering; key is confidence in revenue covering leverage; AI winners have deep-pocketed financing.
speaker3
Asks Jordan about durability of AI trade.
speaker1
Jordan Jackson
Feels good about AI trade; 2026 earnings revisions moving higher for AI cohort vs. lower for rest of market; companies have fortress balance sheets.
Asks about Yardeni's underweight Mag7 vs 493 call.
speaker1
Jordan Jackson
Wouldn't necessarily go underweight; agrees next dollar will go to other parts of market.