AI stocks won't be the only winners of 2026 | Jay Woods, Freedom Capital Markets
Full Signal
Phil Rosen
4.8 • 18 Ratings
🗓️ 8 December 2025
⏱️ 44 minutes
🧾️ Download transcript
Summary
Jay Woods is the chief market strategist at Freedom Capital Markets and he’s worked on the floor of the New York Stock Exchange for three decades as a trader and market maker. He joined Phil Rosen on Full Signal to break down the AI trade, sectors to bet on for 2026, macro risks, the Federal Reserve, and the disconnect between asset prices and the real economy.
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TIMESTAMPS:
0:00 - Intro
0:30 - AI trade and rotation
6:19 - Magnificent 7 turned Lag 7
8:25 - Dot-com bubble parallels
12:09 - Public & Generated Assets
13:37 - Sentiment impact on prices
14:14 - Opportunities outside tech
18:14 - Macro outlook and risks
21:21 - Unstoppable bull run
23:23 - Trading through tariffs
25:30 - Federal Reserve outlook
30:52 - Inflation and consumer spending
33:01 - Stocks are not the economy
35:43 - Sectors for 2026
40:00 - Hard to be bearish
Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.
#podcast #investing #markets #macro #stocks #bitcoin #federalreserve
Transcript
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| 0:00.0 | What's up, guys? On today's episode of Full Signal, this is a must-listen conversation with Jay Woods. |
| 0:05.6 | He is a 30-year veteran of the New York Stock Exchange, and he's the chief market strategist at Freedom Capital Markets. |
| 0:12.1 | In this conversation, we talk about his favorite sectors for the new year, what stocks could do with the new Federal Reserve Chairman and where he's looking for opportunities |
| 0:21.5 | in the market outside of the Magnificent Seven and Technology. |
| 0:25.4 | This is a fantastic conversation and I learned a ton from Jay. |
| 0:28.5 | I think you will too. |
| 0:31.7 | Jay, you've spent decades at the Stock Exchange, center of the financial world. |
| 0:36.1 | The biggest thing right now is the AI trade, |
| 0:38.8 | whether we're in a bubble. What are your thoughts on this? We could look back in history, |
| 0:43.7 | say we were in a bubble. And one thing I know about those historic times, when you're in a bubble, |
| 0:48.4 | enjoy it. There's a lot of money to be made. And I think there are pockets of bubbles. We've seen |
| 0:53.9 | them this year just play out. We've seen that nuclear trade in the Aklos of the world go explosively higher, come back in. They're still up tremendously for the year. Quantum stocks, the regatties of the world, it's, you know, up 1,000 percent back-to-back years, yet it's 50 percent off its high, so it's had |
| 1:12.2 | corrections. So there is froth in this market. We've seen crypto take a step back in crypto |
| 1:17.3 | related stocks, but what it is is a rotational bubble, which I love because when you're talking |
| 1:23.1 | about markets, you want to see rotation and you don't want to see one sector, seven stocks, as people |
| 1:28.4 | like to point out, lead. And I think this has been a healthy market. And if this is a bubble, |
| 1:35.0 | yeah, I think we have some room to run. And this is a great thing. What do you make of people saying |
| 1:41.3 | the market is rotating and breadth is broadening? |
| 1:44.5 | Because I get people telling me both things. |
| 1:46.8 | I say, I hear this is a super narrow market, but then I also hear, oh, look, it's getting |
| 1:52.4 | healthier. |
| 1:53.4 | Where do you fall on that? |
... |
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