Drew Mattis

Dan Greenhouse, Principal at Solace Alternative Asset Management, dives into the key market drivers for 2026, including AI demand and consumer resilience. He highlights the critical link between Fed policy and AI growth, suggesting that while markets may react to Fed moves, AI's potential is a larger force. Drew Mattis from MetLife adds insights on credit risk and the importance of portfolio positioning. Together, they explore the implications for investors and the evolving landscape shaped by consumer spending and technological advancements.

Drew Mattis, an economist at MetLife and a CNBC commentator, dives into the shifting financial landscape of high earners. He highlights that despite their substantial incomes, expectations are deteriorating, particularly among the wealthiest. This shift may lead affluent consumers to start seeking deals, which is a surprising turn for this group. As consumer spending shows signs of weakening, Mattis warns of potential challenges heading into the new year, suggesting a shift in the spending habits of even the upper crust.

Drew Mattis from MetLife Investments shares his insights on the current economic climate, emphasizing the potential pitfalls of consumer retrenchment and its ripple effects on growth. He discusses the contrasting performances of AI-driven large-cap stocks versus speculative small-caps and highlights the Fed's acceptance of above-target inflation amid growing deficit concerns. Additionally, he provides a glimpse into the challenges facing labor and the macroeconomic landscape as we approach the year’s end.