Behind the Markets Podcast A Dovish Fed Brings Signs of Market Rotation
Dec 12, 2025
Jeremy Siegel, a finance professor at the Wharton School and senior economist for WisdomTree, shares key insights on the recent dovish stance of the Fed and its impact on the markets. He discusses signs of market rotation beyond the 'Magnificent Seven' stocks and highlights potential risks from a Supreme Court tariff ruling and government shutdown. Additionally, Siegel remains optimistic about inflation trends and U.S. consumer strength, while the conversation also delves into AI's influence on corporate strategies and the evolving energy landscape.
AI Snips
Chapters
Transcript
Episode notes
Rotation Beyond The MAG7
- Jeremy Siegel sees a genuine market rotation away from the MAG7 toward broader sectors as dovish Fed tone lifts non-tech stocks.
- He warns not to over-invest in the big winners amid a broadening market rally into year-end and 2026.
Tariff Ruling And Shutdown Risks
- Siegel highlights near-term risks: a Supreme Court tariff ruling and a possible government shutdown could roil markets.
- Despite these, he remains optimistic on inflation and economic momentum heading into 2026.
Bank Of New York AI Example
- Chris attended a Team8 investor day where Bank of New York described multi-year AI adoption and internal agent collaboration.
- The bank sees early benefits but warns broad organizational impact still lags and is gradual.