Pickers Market

What do the midterm elections mean for investors, and what does history tell us about market performance in the months that follow? We kick things off with Two Truths and a Lie before breaking down the election results, political narratives, and historical market trends. We also explore growing restrictions on data center development, concerns over electricity costs and water usage, and potential opportunities in defense, clean energy, and small-cap stocks. Plus, we discuss oil, Treasury yields, inflation, and what to watch in the second half of the four-year election cycle. Finally, we wrap up with some Halloween highlights and a look at the kids’ candy haul. Join Keith Gangl, Tyler Ellegard, Lisa Schreiber, and TJ Klein for market insights and a little fun!

This week we discuss Anthropic’s blockbuster IPO filing, including a potential $100 billion raise, massive losses alongside explosive revenue growth, and the hundreds of billions in future commitments buried in the fine print. We also talk about what it means for a company to go public at this scale while still burning cash at a historic rate, and why investors are so divided on what the filing actually tells them.

This week we break down why high mortgage rates, limited housing supply, and the cost of moving continue to hold back the housing market and what it could mean for the broader US economy.

With millions of homeowners locked into mortgage rates well below today’s market levels, moving has become an expensive decision. At the same time, high home prices and borrowing costs are keeping many prospective buyers on the sidelines. So, what happens next? Could we be in for another year of sluggish home sales and modest home price growth?

We wrap up the episode on a lighter note: Who among us is handy around the house, and who should probably leave the home improvement projects to the professionals? From renovations to DIY mishaps, we share a few thoughts on our own home projects!

Join Keith Gangl, Lisa Schreiber, Sara Brickner, and TJ Klein for markets, insights, and a little fun. Don’t forget to like, subscribe, and comment for weekly market insights!

With tensions escalating in the Middle East, can oil prices return to normal, or are markets and consumers adjusting to a new reality? We recap last week’s Elite Advisor Forum in Las Vegas before examining the surge in tanker attacks, rising oil prices, and their potential impact on consumer spending and the broader market. We also discuss the Fed’s approach to inflation, the long-term effects of interest rate decisions, and whether the 2% inflation target still makes sense. Finally, we swap Two Truths and a Lie for predictions about the final quarter of 2026 and wrap up with a look at the busy sports calendar. Join Tyler Ellegard, Keith Gangl, Lisa Schreiber, and John Ingham for market insights, predictions, and a little fun!

We’re going big for this year’s Elite Advisor Forum and bringing Picker’s Market straight to the Cosmopolitan in Las Vegas!

Vegas is much more than casinos. It’s a multibillion-dollar business built on tourism, entertainment, luxury, and experiences. But what does the business behind the glitz and glamour tell us about the economy and changing consumer spending habits?

In this special Las Vegas edition of Picker’s Market, we explore the economics of Vegas, the growing trend toward experience-driven spending, the world of high rollers, and some fun facts about the Cosmopolitan.

As more Americans prioritize enjoying life, traveling, and creating meaningful experiences, is the American Dream shifting from building wealth to enjoying it?

Join Keith Gangl, Tyler Ellegard, Lisa Schreiber, and Sara Brickner for market insights, Vegas trivia, and a little Casino Royale glamour.

AI is transforming the economy and financial markets, but how sustainable is the current AI boom and what risks could derail it?

On this episode of Picker’s Market, the team takes a closer look at the current state of AI, infrastructure spending, data centers, energy demand, regulation, and the risks surrounding the rapid buildout of artificial intelligence. With AI infrastructure investment moving from roughly $700 billion toward $1 trillion per year, is the pace of spending sustainable and what could stand in the way?

Is AI still in the early stages of a technological transformation, or are spending and expectations getting ahead of reality?

Join Keith Gangl, Lisa Schreiber, Sara Brickner, and TJ Klein for markets, insights, and a little fun. Don’t forget to like, subscribe, and comment for weekly market insights!

The Fed just got more hawkish than expected, and the 10-year Treasury yield hasn't been this high since 2007. But the bigger story this week might be hiding in plain sight: major tech companies are carrying roughly $3 trillion in commitments that never show up on balance sheets. We also dive into circular financing and valuations on tech companies and if its justified or maybe an opportunity.

The markets are heading into the final stretch of the year, and there’s plenty for investors to watch. In this episode of the Picker’s Market Podcast, we tackle the biggest questions facing stocks, bonds and the economy, from rising Treasury yields and oil prices to Federal Reserve policy and earnings expectations.

Plus, we talk about TJ’s recent big win – making his financial TV appearance debut! We also share where you can find us on TV and what goes into preparing for financial media appearances.

Join Mike Binger, Lisa Schreiber, John Ingham and TJ Klein for markets, insights, and a little fun!

Subscribe, like, and comment for weekly market insights!

Is a strong jobs market actually bad news for investors?

This week we break down the latest labor market data, what it means for the Federal Reserve, and where interest rates could be headed next.

We also look at:

• What the latest jobs report means for the Fed's next move

• Whether the market should still expect rate cuts

• CME FedWatch and the current rate outlook

• The U.S. 10-year Treasury yield - and where it could go from here

• How investors should be thinking about portfolio positioning in today’s market environment

Join Keith Gangl, Tyler Ellegard, Lisa Schreiber, and TJ Klein for markets, insights, and a little fun!

Subscribe, like, and comment for weekly market insights!

ETFs have come a long way. What started with broad-market index exposure has evolved into leveraged ETFs, inverse ETFs, single-stock ETFs, options-income strategies - and now potentially sports-betting ETFs.

This week, Keith Gangl, Mike Binger, Lisa Schreiber, and John Ingham explore where the line between investing and speculation is drawn. We discuss the rise of sports-betting ETFs, Gen Z’s growing comfort with risk, the influence of social media, economic frustration, financial literacy, and whether younger investors are simply looking for a faster path to wealth.

Plus, we wrap up with some Minnesota State Fair favorites, stories, and traditions. 🎡

Subscribe, like, and comment for weekly market insights!