CNBC's "Fast Money" The Next Fed Chair In Focus… And Mike Wilson’s 2026 Market Playbook 12/4/25
7 snips
Dec 4, 2025 
Joining the discussion are Mike Wilson, Chief U.S. Equity Strategist at Morgan Stanley, who shares insights on a bullish 2026 stock market forecast, targeting a staggering S&P 7,800. Tim Seymour, a market-savvy investor, dives into interest rate dynamics and the impact of potential Fed Chair candidates from Trump’s circle. Dan Nathan adds his expertise, highlighting market reactions to shifts in Fed independence and the growing pressure on different sectors, offering a comprehensive view of what the future may hold for investors.
AI Snips
Chapters
Transcript
Episode notes
Markets Question Fed Independence
- Markets interpret a potential Kevin Hassett Fed chair as reducing Fed independence and pushing long-term yields higher.
- The bond market's modest reaction suggests investors expect committee constraints and not full policy capitulation to the White House.
Bond Market Prices Limits On Easy Policy
- Bond traders slightly steepened the curve after Hassett speculation, pricing modest near-term cuts but not a radical easing path.
- The market still prices committee dynamics and recognizes limits given $38 trillion debt and inflation above target.
Position For Fed Cuts And Liquidity
- Mike Wilson says investors need bigger and faster Fed cuts plus liquidity injections to justify his bullish 2026 view.
- Position for a broadening market rally if cuts surprise to the downside and liquidity supports earnings revisions.