Is the U.S. economy a "coiled spring" ready to surge, or a party waiting for the "punch bowl" to be snatched away?. This episode dives into the high-stakes 2026 outlook with Cathie Wood, Dan Niles, and Graham Stephan.

The Market Collision: Wood predicts a "Goldilocks" environment where deregulation and tax cuts drive double-digit returns, even if stock multiples compress. Conversely, Niles warns that "easy money" will fuel a "choppy" second half and a potential year-end drawdown as valuations hit record highs.

AI: The Great Shakeout: The "AI trade" is no longer a tide lifting all boats. Wood is hunting for "pure play" disruptors outside the "Magnificent Six," while Niles flags OpenAI as a massive risk due to eye-watering cash burn and consumer monetization hurdles. Graham Stephan shares why he continues to dollar-cost average into index funds even as AI valuations become "frothy".

High-Conviction Moves:

• Turnaround Plays: Why Nike’s brand reset, Boeing’s return to self-certification, and Apple’s upcoming "foldable" AI cycle are the big bets for 2026.
• The Great Liquidation: Graham explains his "unprecedented" decision to dump California real estate in favour of liquidity and peace of mind.
• Safe Havens: Why a "perfect storm" is driving gold and silver to record highs, and why treasuries remain the ultimate fail-safe for a volatile year.

Stop chasing headlines and start mastering the consistency and discipline required for the 2026 shakeout.

Note: This description is based on the provided transcripts and includes references to specific market outlooks and personal investment strategies. Please independently verify any financial advice or external data mentioned in the sources.

We explore the financial outlook for 2026, focusing on whether the current market rally can sustain its momentum. Analysts debate a broadening trend where capital moves away from a few dominant technology giants toward a wider array of sectors, including energy and healthcare. A significant portion of the discussion evaluates the impact of artificial intelligence, specifically whether it remains a growth engine or has begun to disrupt software and labor markets. Experts express concern over investor consensus, suggesting that universal optimism might signal a need to reduce risk. The dialogue also considers macroeconomic factors such as potential interest rate cuts and the stability of corporate earnings. Ultimately, the sources suggest that selective stock picking and active management will be vital as the market transitions from easy gains to a more complex environment.

We examine the evolving landscape of digital assets and the broader economic outlook for 2026. Financial experts highlight a transition toward institutional adoption, noting that historical volatility cycles for Bitcoin may be ending as regulatory clarity improves. The discussion emphasises the growth of tokenised assets, stablecoins, and prediction markets, which are expected to expand significantly alongside established blockhains like Ethereum and Solana. Beyond crypto, analysts predict that artificial intelligence and a wave of high-profile initial public offerings will drive market momentum. Panellists also underscore the importance of monetary policy and declining interest rates in fostering a robust environment for both innovation and housing affordability