On today’s show we discuss the stock market rally is broadening out, no one wants an AI bubble, the return outlook for 2026, Howard Marks on how to invest today, hedging an AI bubble, concentration risk, financial markets don’t care about labor markets yet, the worst part about inflation, data centers in space, the housing outlook for 2026 and more.

On today’s Talk Your Book we speak with John Neff, portfolio manager and CIO, from Akre Capital Management about the firm’s concentrated stock portfolio, how to hold stocks for the long-run, beating the S&P 500 and more.

On today’s how we discuss huge losses in the Nasdaq 100, 2026 outlooks, OpenAI, 401k millionaires, consumer spending vs. a slowing labor market, money without meaning, price cuts on housing are accelerating, baby boomer riches, Netflix and Paramount vie for Warner Brothers and more.