Mike Mussio covers the macro picture and thinks it’s “risk-off” right now. He says this shouldn’t be alarming to long-term investors but might be to speculative investors. Mike lays out the best case scenario for 2026, emphasizing market breadth and the longevity of the AI trade. He thinks investors should be trimming their gains before the end of the year, stressing that traders want to balance higher beta and higher multiple names.

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