It’s a holiday-shortened trading day but the Dow and S&P 500 still closed at record highs. Patrick Fruzzetti of Rose Advisors weighs in on the broader market setup and positioning, before Gerard Cassidy of RBC Capital Markets looks ahead to what 2026 could mean for banks. Tim Seymour of Fast Money delivers his “stocking stuffers” list of winners and losers. Our Steve Liesman explores how Americans are spending and behaving around Christmas, and John San Marco of Neuberger Berman analyzes holiday shopping trends and consumer strength. Plus, Emily Wilkins reporting from Washington on the political and crypto crossover scene in D.C. at Pubkey, a new dive bar.