Closing Bell Closing Bell: 1/2/26
Jan 2, 2026
Dan Greenhouse, Principal at Solace Alternative Asset Management, dives into the key market drivers for 2026, including AI demand and consumer resilience. He highlights the critical link between Fed policy and AI growth, suggesting that while markets may react to Fed moves, AI's potential is a larger force. Drew Mattis from MetLife adds insights on credit risk and the importance of portfolio positioning. Together, they explore the implications for investors and the evolving landscape shaped by consumer spending and technological advancements.
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Episode notes
Three Macro Tailwinds For Markets
- The market's three main tailwinds are AI demand, an accommodative Fed, and healthy GDP driving earnings growth.
- Dan Greenhouse expects 10–15% earnings growth if CapEx and demand for AI infrastructure persist.
Why The Consumer Stayed Resilient
- Consumer resilience stems from positive real income growth, job market stability, and balance sheet improvement.
- Brand resonation and turnarounds (e.g., Five Below, Ulta) helped many retail stocks perform strongly in 2025.
Chip Rally Fueled By Pre‑CES And Asia News
- Semiconductor stocks are rallying ahead of CES and on positive Chinese and supplier headlines boosting demand.
- TSMC's U.S. license and Samsung talk about supplying HBM amplified the chip rally today.