Closing Bell Closing Bell 10/17/25
Oct 17, 2025
Adam Parker, Founder and CEO of Trivariate Research, shares insights on macroeconomic trends and bank risks, arguing that recent credit stress is idiosyncratic. Tom Lee, Head of Research at Fundstrat, provides a market outlook, suggesting negative sentiment could be a contrarian buy. He highlights potential gains for small caps and regional banks, while discussing crypto deleveraging trends. Both guests emphasize the importance of upcoming tech earnings and their influence on market positioning as we approach year-end.
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Credit Scares Seen As Mostly Idiosyncratic
- Credit concerns feel idiosyncratic to many investors rather than systemic right now.
- Adam Parker expects earnings and MAG-7 results to redirect focus back to tech in about 10 days.
Prepare A Year‑End Shortlist Of Frothy Names
- Start building a short-list of overly speculative, profitless names to consider trimming by year-end.
- Focus on companies up massively with weak fundamentals and low AI-correlation to prepare for rotation.
Opacity Multiplies Market Panic
- Opacity in shadow banking raises outsized market fear even when total money at risk is unclear.
- Steve Leisman warns regulators lag behind innovation, which amplifies sell-first reactions.