Is The Stock Market Undergoing A 'Great Rotation'?

Recently, capital has been flowing out of the big Tech hyperscaler growth stocks and into previously unloved sectors like value, consumer staples, and mid- to small-cap stocks.

Is this just an aberration before the Mag 7 resume their dominance?

Or, is a secular rotation underway?

Your portfolio's destiny will be shaped by the true answer to this question.

Michael Lebowitz and I discuss whether indeed a Great Rotation is underway, as well his 2026 outlook for GDP growth, bonds, inflation, the US dollar and the Federal Reserve. For everything that mattered to markets this week, watch this video. Minute-by-minute guide underneath.

Video Length: 01:11:48

4:02 Dollar Debasement and Money Creation 5:59 Current Market Technicals and Low Volatility 7:09 Rotation from Mag 7 to Small Caps and Value 8:46 Absolute and Relative Analysis Scores 10:40 Overbought Signals in Small Caps and Value 12:47 Rotation Back to Mega Caps Possibility 14:18 Determining 2026 Market Trends 15:23 Portfolio Changes Towards Value Stocks 16:12 Resolution of Overbought Scores 17:17 Narrative on AI and Debt Issues 18:52 Reflation Trade and Earnings Expectations 20:23 QE Impact on Bank Reserves and Sectors 21:07 Rate Cuts and Liquidity Addition 22:24 Silver and Rolling Microbubbles 25:02 Stages of a Bubble 26:45 Fundamental vs. Psychological Factors in Silver 28:18 Meme Stocks as Bubbles 29:49 Bitcoin Treasuries and Narratives 30:44 Pandemic Winners as Bubbles 32:26 Assessing Narratives and Incentives 33:47 User's Agreement on Homework and Hedging 37:01 Precious Metals as Religion and Blinders 39:12 Critical Minerals and Government Intervention 40:14 Not Anti-Precious Metals Stance 41:12 AI Technology Pricing Ahead 43:02 Professional Advice on Wealth Building 45:03 Learning from Market History 47:16 Punchline on Bonds and Disinflation 50:06 Economy Stronger Than Expected 52:20 Tariffs as One-Time Price Shock 53:22 Labor Market Concerns 55:07 Administration's Stimulative Actions 57:38 Wild West of Economic Forecasting 59:02 Bond Vigilantes and Term Premium 1:00:55 Punchline on US Dollar Debasement 1:01:22 Punchline on Fed Chair Transition 1:02:57 Powell Investigation Ramifications 1:05:59 Trades Over the Past Week 1:06:59 Personal Health and Dermatological Exam 1:09:02 Invitation to Join Hike 1:10:24 Closing and Subscription Call