In this episode of the MoneyShow MoneyMasters Podcast, senior alternatives investment strategist Tony Davidow of the Franklin Templeton Institute and managing director Scott Zelniker of UBS-The Zelniker Dorfman Carr & Heritage Group share their insights on the current stock market rally after two years of exceptional gains. 

They discuss whether the strong momentum can continue and explore key market drivers including the Fed’s rate cuts, the ongoing technology revolution, and the resilience of US equities despite geopolitical and trade risks.

Davidow also delves into the growing significance of private markets, revealing why private equity, private credit, and real estate debt could be the best opportunities in the years ahead. Plus, they explain why investors should reconsider traditional office real estate and consider diversified approaches in both public and private assets.

Whether you’re navigating the complexities of valuation or looking for actionable investment themes for 2026, this episode offers expert perspectives on balancing optimism with caution in today’s evolving market landscape.

CHAPTERS:

00:00 — Introduction and Market Overview

02:00 — Can the Market Rally Last?

04:30 — Impact of Fed Rate Cuts on Stocks

07:00 — Technology Revolution as a Long-Term Tailwind

09:30 — US Equities vs. Foreign Markets in 2025

12:00 — Role of Big Tech and Sector Rotation

14:00 — The Rise of Private Markets and Alternatives

17:30 — Private Credit and Lending Trends

20:00 — Real Estate Insights Beyond Office Sector

22:30 — Top Opportunities and Risks for 2026

25:00 — Final Remarks and Upcoming Sarasota Symposium

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📅 Join us December 1-3 at the Sarasota Symposium with Tony Davidow and Scott Zelniker for the latest market outlook.