How to Invest in 2026: Don’t Fight the Fed

"When interest rates fall and money [00:04:59] supply increases, then the dollar often [00:05:02] weakens. ... A moderately weaker dollar, you [00:06:41] know that in that situation that's going [00:06:42] to support growth, it's going to help [00:06:45] manage large debt loads and make [00:06:47] financial conditions easier. So dollar [00:06:50] weakness is not an accident."

"We are no longer in a tightening cycle. We're in an easing cycle which supports higher asset prices."

"this money printing is not a [00:04:11] one-time event. Because some people are [00:04:14] going to say that this money printing is [00:04:15] not going to last long. They're going to [00:04:16] stop pretty soon. But I'll tell you, [00:04:19] here's the problem with that argument. [00:04:22] The system requires liquidity. ... So that's why liquidity [00:04:44] cycles tend to last longer than people [00:04:46] expect. So this is why balance sheet [00:04:49] expansion usually comes in phases, not [00:04:52] in short bursts."

"In May of 2026, [00:08:55] there's going to be a new Federal [00:08:56] Reserve chair. ... this new leadership [00:09:03] usually brings a shift in tone and [00:09:05] priorities. And the shift is going to be [00:09:07] towards an easier monetary policy, [00:09:10] definitely not a tighter one. And [00:09:12] they're going to want to run it hot, the [00:09:13] economy, the markets, even inflation. [00:09:17] They're going to want to boost the [00:09:18] economic activity and asset prices going [00:09:20] into the midterm elections."

"In a world where rates [00:09:26] are falling, liquidity is increasing, [00:09:29] the dollar is weakening, and the Federal [00:09:31] Reserve stands ready to intervene, [00:09:34] investments, asset prices, they're going [00:09:36] to stand to benefit. ... But in liquidity rich [00:09:45] environments, dips tend to be bought."