Closing Bell Closing Bell Overtime: Washington takes center stage for investors; bearish Nike case 1/8/26
Jan 8, 2026
Rick Santelli, a senior market commentator known for his insightful bond-market analysis, discusses productivity trends and the outlook for 10-year yields ahead of a critical jobs report. Meanwhile, automotive industry reporter Phil LeBeau reveals that General Motors faces a staggering $7.1 billion in charges tied to EV write-downs and restructuring efforts in China. The duo explores significant market shifts, including impacts on the automotive and bond sectors, making for a compelling discussion on current economic dynamics.
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Market Broadening Beyond Big Tech
- Markets broadened as small caps and cyclical sectors outperformed while big tech lagged, signaling a rotation beyond AI megacaps.
- Richard Bernstein calls this broadening a positive sign that fundamentals and earnings are driving performance.
GM Books Big EV And China Charges
- General Motors announced $7.1 billion of Q4 charges largely tied to EV business impairments and China restructuring.
- The company warns additional EV-related charges are likely in 2026 as it adjusts strategy.
Prioritize Boring, Quality Allocations
- Focus on boring, high-quality investments like dividends, international diversification, and quality companies over chasing hot themes.
- Avoid excessive credit risk in fixed income when spreads are historically tight and gold can serve as a defensive allocation.