Closing Bell Closing Bell Overtime: 1/2/26
11 snips
Jan 2, 2026 
Mike Santoli, a Senior Markets Commentator known for his insightful market analyses, joins portfolio manager Jed Ellerbrook from Argent Capital Management, who brings expertise in sector performance. They dive into the impact of AI on global markets and discuss sector rotation, highlighting aerospace and retail's strong positions. The conversation also covers corporate earnings outlooks and risks such as sticky inflation, offering a colorful view on market dynamics and investing strategies for the year ahead.
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Broad Earnings Growth Could Drive Markets
- Jed Ellerbrook expects broad S&P earnings growth of ~14% in 2026, led by tech and also helped by industrials and financials.
- He cites falling rates, a potential new Fed chair, tax changes, and rising IPO/M&A activity as tailwinds.
Asia Headlines Fueled A Chip Rotation
- Christina Parts Nevelis reports investors rotated from software into chips and AI infrastructure after bullish Asia headlines.
- Memory, equipment and data-center plays led gains while many software names sold off.
Sticky Long-End Yields Could Persist
- Rick Santelli notes long-end Treasury yields remain sticky and the 2s-10s spread widened to ~71 bps recently.
- He expects 2026 to focus on persistent higher long-term yields rather than declines.