The KE Report Joel Elconin - Market Momentum, Tech Rotation, and the Path to New Highs
8 snips
Dec 4, 2025 Joel Elconin, co-host of PreMarket Prep and founder of the Stock Trader Network, dives into market momentum as the S&P and Nasdaq edge toward all-time highs. He discusses the evolving AI landscape, highlighting META's cost cuts, Oracle's challenges, and Google's tech advancements. The conversation turns to year-end seasonality effects, including the anticipated Santa Claus rally. Additionally, Joel emphasizes the potential in healthcare and selective value stocks for 2026, alongside current market dynamics driven by Fed expectations.
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Episode notes
Grinder Rally With Rotation
- The market is staging a grinder rally with day-to-day rotation across sectors.
- Technicals show an uptrend with consolidation that could continue to new highs absent negative data.
AI Trade Gets Selective
- The AI trade is more selective as big players and new chips change the competitive landscape.
- Meta's cost cuts and Google's TPU push make secondary AI plays riskier than before.
Monitor Fed Guidance And Inflation
- Watch inflation prints and Fed guidance closely because they can upset year-end rallies.
- Expect a likely quarter-point cut but be ready for changing forward guidance into 2026.