Squawk on the Street SOTS 2nd Hour: Navigating Crypto, 2026 Commodity Picks, & The AI Arms Race (Apple, Amazon, & OpenAI news) 12/2/25
6 snips
Dec 2, 2025 Tom Farley, CEO of crypto trading platform Bullish and former NYSE President, dives into Bitcoin's volatility and the increasing institutional adoption of cryptocurrency. Bart Mellick, Global Head of Commodity Strategy at TD Securities, shares insights on the 2026 outlook for gold, platinum, and palladium, arguing for better bets in metals. Seema Modi delivers the latest global headlines, touching on geopolitical developments. Together, the guests explore the intersection of AI advancements with the cryptocurrency and commodities markets.
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Episode notes
Consumer Resilience Amid Income Strain
- Overall consumer spending shows resilience despite stress in lower-income groups this holiday season.
- Multiple data sources and company comments point to continued growth rather than an outright downturn.
AI Still The Bull Market's North Star
- Truist expects AI and tech leadership to persist as the dominant bull-market theme into 2026.
- Forward earnings estimates for tech have risen faster than the S&P, supporting that leadership thesis.
Bias Toward Tech, But Diversify
- Keep a biased allocation toward mega-cap tech but diversify into undervalued sectors like healthcare and small caps.
- Maintain exposure to small caps as rotations can happen quickly and are hard to time.