Simon discusses the recent vacillation in market sentiment regarding AI-related names. The bar is high for their execution and investors are well-served by preserving portfolio and, most importantly, emotional balance. He also considers how better than expected corporate fundamentals are driving longer term results and how they are expected to continue to improve next year. Meanwhile, investors are weighing how the outlook for the broader economy is a seesaw between a current soft patch and potential acceleration early next year. He offers some thoughts on the latest news from NVDA, GEV and LLY.

WIG Names: NVDA, GEV, LLY

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

The markets have been flying blind through the shutdown and as they emerge from the clouds they're not happy with what they're seeing. Chase discusses this week why we're seeing selloffs, what to look for in the coming weeks, discounting further rate cuts, and starts to explore where we should have our money for the next year.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon considers the massive 10-year rally in the Technology stock-heavy Nasdaq in the context of other historical bull markets and suggests it does not necessarily have to end with a crash. Investors might need to distinguish between short-term corrections of speculative excess and protracted downturns. He also highlights the latest developments in tariff policy, Fed action and Supreme Court considerations. He then reviews quarterly results from UBER, ABBV, AMZN, CVX.

WIG Stocks: UBER, ABBV, AMZN, CVX

Non-WIG Stocks: None

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

The forces that are driving our economy are starting to sabotage it at its core, as the application of artificial intelligence is starting to kill the workforce. This week Chase looks at how a central bank with a duel (pun) mandate is challenged by a stagflation scenario as well as the potential for a strong economy with rising unemployment.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon considers the continued strong stock market momentum and how it augurs for more gains over the coming 6-12 months. However, he cautions that the margin for error is thin at current stretched valuation levels and how discipline must be maintained given the high likelihood of bumps along the way. He places the current parabolic move in gold in historical context and questions the merits of the metal as a long-term strategic asset class to own in a meaningful way. He shares some highlights from the latest earnings reports from COF, WFC, RTX and LVMH.

WIG Stocks: COF, WFC, RTX and LVMH

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

In this episode of The Wise Investor Show, we dive deep into the world of MAGI—Modified Adjusted Gross Income—and explore how misjudging it can lead to costly mistakes. From losing valuable deductions like SALT and the Senior Enhanced Deduction, to triggering Medicare IRMAA surcharges and falling off the ACA subsidy cliff, we break down the key income thresholds you need to know.

But it's not all about reducing MAGI. We also explore when it may make sense to increase your income, especially in forward-looking tax planning. Plus, we highlight strategies that lower taxable income—even if they don't affect MAGI—and how they may save you big on capital gains taxes.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

With the shutdown continuing, focus has gotten a bit myopic for the week and been dominated by a narrative of if the AI economy is forming a bubble. Chase looks at these risks, shares the thoughts of those that think we're not there yet and also this week he looks at the long term problem that all this investment could be very destructive.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon discusses how to think about historically expensive stock valuations and argues it likely does not make sense to avoid equities solely for this reason. He considers the Technology behemoths relative to their incredible fundamentals and makes some side-by-side comparisons to the Dot Com bubble environment. Simon shares some recent observations on Pharmaceutical industry performance and ABBV, specifically. He also comments on the latest news flow around AMZN and COST.

WIG Stocks: ABBV, COST, AMZN

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

The Fed delivered on expectations, cutting rates and appearing to enter a cycle of lower rates. Lending spreads are at historic lows and money is getting cheaper. On this week's podcast, Chase looks at why the market is now lower than before that rate cut and what the experts are saying comes next for both the economy and your investments.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon comments on this week's Federal Funds rate cut and what historical precedent suggests about the possible market reaction. He cautions against considering their policy in isolation and argues that profit margins, productivity, valuations and overall consumer health will ultimately be more impactful on stock prices. He encourages investors to consider their cash positions in light of likely falling short-term rates and offers some thoughts on the bond market as well as Municipal bonds, specifically.

WIG Names: None

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.