RiskReversal Pod Steal The Secrets From Wall Street's Top Traders with Robinhood CIO Steph Guild
Dec 8, 2025
Join Stephanie Guild, Chief Investment Officer at Robinhood, as she dives into the intricacies of the market. She shares insights on the Federal Reserve's influence, potential for a Santa Claus rally, and the valuation challenges facing tech stocks. With a keen eye on consumer behavior and the risks posed by small businesses, Stephanie warns about the limits of AI spending. The conversation also touches on bond market volatility, investor trends through Robinhood’s user data, and the contrasting prospects for gold versus Bitcoin as safe havens.
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S&P Valuation Depends On Future Growth Assumptions
- The S&P looks expensive on 2026 earnings but 2027 growth assumptions and potential Fed cuts could justify current multiples.
- Stephanie Guild warns that stretching multiples now may create future problems beyond 2026.
Shift From Index To Stock Picking
- Market breadth is widening beyond the MAG7 and we're in a stock-pickers market.
- Stephanie Guild recommends focusing on individual opportunities rather than index exposure.
Act On Year-End Profit Windows
- Consider harvesting gains or doing tax-loss moves when short windows of profit appear near year-end.
- Guild notes many investors may simply take profits rather than reshuffle, so act with intent.