Is the AI-fueled rally about to peak, or are we still in the early innings of a historic market transformation? In this episode of the MoneyShow MoneyMasters Podcast, Ed Clissold, chief US strategist at Ned Davis Research, pulls back the curtain on what’s really powering the markets as 2025 winds down.
From record-breaking earnings and the quiet efficiency revolution happening inside corporate America to a Fed that’s walking a fine line between stimulus and stability, Clissold reveals why today’s setup feels uncannily like the late 1990s (before everything changed).
He also digs into the under-the-radar data most investors are missing: the hidden recession signals to watch out for, the quiet comeback brewing in small caps and value stocks, and why sectors like utilities, materials, and healthcare could become the unexpected winners of 2026 as tech giants face their first real test.
Reminder: Ed will be speaking at the 2025 MoneyShow Masters Symposium Sarasota, scheduled for Dec. 1-3 at the Ritz-Carlton Sarasota. Click here to register.
