Closing Bell Closing Bell: Don’t Fight the Fed 11/25/25
Nov 25, 2025
Stocks soared following news of Kevin Hassett as a potential new Fed chair. Panelists discussed the implications of Fed dovishness and examined market outlooks for 2026. Former Dallas Fed president Richard Fisher offered insights on Hassett's candidacy and upcoming Fed decisions. Conversations also dove into Alphabet's cloud strategy and the tech sector's performance, including Nvidia and semiconductor trends. Plus, the team analyzed upcoming earnings from HP and Dell amid ongoing market rotations and sentiment shifts.
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Market Reacts To Fed Chair Speculation
- Markets rallied on reports Kevin Hassett is the front-runner for Fed chair, pushing rates lower and stocks higher.
- Traders interpret that potential leadership as shifting Fed outcomes toward dovish and thus supporting equities.
Fed Chair Must Be A Consensus Builder
- A new Fed chair must build consensus with 18 other committee members, not simply impose the president's wishes.
- Historical chairs faced substantial internal opposition yet still steered policy through persuasion.
Alphabet's Vertical AI Advantage
- Alphabet's vertical integration (model, data, chips, cloud) positions it to benefit disproportionately from AI infrastructure demand.
- TPUs running only on Google Cloud could create sticky, high-margin infrastructure revenue.