Squawk on the Street Squawk on the Street 2ND Hour 1/2/26
29 snips
Jan 2, 2026 Steve Sosnick, Chief Strategist at Interactive Brokers, analyzes global market trends, emphasizing the impact of retail investors and market risks in 2026. Craig Irwin, Managing Director at Roth Capital Partners, discusses Tesla's shift towards robotics and energy storage, highlighting challenges and competition in the automotive sector. Jack Hittery, CEO of SandboxAQ, shares insights on the rapid advancements in AI and robotics, predicting significant growth in humanoid technology and raising concerns about cybersecurity after recent hacks.
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Altcoins Fell With Bitcoin
- Solana and other altcoins fell sharply in 2025 as Bitcoin's momentum stalled, showing crypto weakness beyond just Bitcoin.
- Gold's strong performance contrasted with Bitcoin's pause, questioning crypto's role as an alternative currency.
Rare Earths Became A Policy Trade
- Rare earth and magnet stocks surged on U.S. moves to build supply chains outside China and direct government support.
- The trend reflects policy-driven industrial demand and reshoring of critical materials production.
K‑Beauty Drove Korean Market Strength
- South Korea's K-beauty boom made beauty stocks among the best performers, showing export-driven growth beyond tech giants.
- Cultural product trends can materially shift a national index's leadership and create new global winners.