Simeon Hyman says rising Treasury yields largely reflect higher real rates and a resilient economy, with the 10-year potentially becoming a bigger threat to stocks around 5.5% to 6%. He sees opportunities in small caps and investment-grade credit, highlighting ITWO for covered-call income and IGHG for hedged corporate-bond exposure. Hyman also favors dividend-growth stocks as earnings broaden beyond mega-cap tech.

ITWO & IGHG: Finding Income as Treasury Yields Rise

Midterm elections take the attention of all Americans next week, and Charles Schwab's Mike Townsend sees results to shaping the stock market long-term. With the Democrats poised to take the House of Representatives, and potentially the U.S. Senate, Mike says the market "just wants the election to be over" so more certainty can outline a direction for future moves. However, he tells investors to keep an eye out for a "lame duck" session from Congress in the days following the election as a debt ceiling fight looms.

Schwab IMPACT 2026: Midterm Election Ripple Effects in Stock Market

Dean Rubino explains why he sees more companies staying private for longer as Anthropic readies its IPO as early as mid-November. He compares the incoming public debut to SpaceX (SPCX) on a valuation level to highlight how volatility can grip the stock market once again. Dean then explains the role of advisors in creating strategies surrounding IPOs further down the pipeline, including OpenAI.

Schwab IMPACT 2026: How Anthropic, OpenAI & SPCX Shape IPO Pipeline

Schwab Asset Management's D.J. Tierney says extreme concentration in the S&amp;P 500 (SPX) and other major indexes makes diversification increasingly important. He discusses reducing reliance on mega-cap tech through international exposure, fixed income, direct indexing and fundamental indexing, while using tax-loss harvesting and rebalancing to manage concentrated positions. Tierney says international markets are seeing renewed interest as investors look beyond U.S. large-cap growth for long-term diversification.

Schwab IMPACT 2026: Diversifying Beyond the S&P 500’s Biggest Stocks

Crypto is doing better following a steep downtrend into a bear market, though as Charles Schwab's Jim Ferraioli notes, that latest wave of bullish sentiment is fading. He believes Bitcoin and other cryptocurrencies need a "new narrative" to shake off macro woes hitting price action. Jim then turns to Ethereum's moves and how both it and Bitcoin will evolve with the blockchain as volatility subsides.

Schwab IMPACT 2026: Bitcoin, Ethereum Bulls Need 'New Narrative'

Charles Schwab's Cooper Howard expects two more Fed rate hikes as inflation remains elevated and the labor market stays resilient. He sees attractive opportunities in fixed income, particularly Treasuries, investment-grade corporates, mortgage-backed securities and munis, while favoring a four-to-five-year duration. Howard also says the 60/40 portfolio remains a solid starting point as higher yields bring income opportunities back to bonds.

Schwab Impact 2026: Fed Rate Hikes Aren’t Over; Where to Find Opportunity in Bonds

Inga Rachwald of Schwab Asset Management explains why retirement income requires more than choosing investments, with taxes, required minimum distributions, cash flow and long-term goals all shaping the strategy. She discusses balancing short-term income needs with growth as retirees live longer and inflation pressures purchasing power. Rachwald also explains how custom model portfolios let advisors tailor asset allocations while focusing on holistic financial planning.

Schwab IMPACT 2026: Balancing Retirement Income, Growth and Tax Efficiency

Matthew Tuttle believes investors should buy the dip in Alphabet (GOOGL) even after the company posted a double miss in earnings. When it comes to the greater tech trade, Matt shares caution in Anthropic's IPO and why he sees volatile trading action similar to SpaceX (SPCX) and its public trading debut. Oracle (ORCL) saying it will turn cash flow positive in the next couple of years is "huge" to Matt, saying it backs bullish takes on the AI CapEx story.

Schwab IMPACT 2026: Matt Tuttle Sees GOOGL as a Buy, ORCL Guidance 'Huge'

James Demmert believes fears that AI CapEx won't generate meaningful returns for investors should be squashed following Microsoft (MSFT) and Alphabet (GOOGL) earnings. The next test will come with Amazon (AMZN) and its AWS growth after Thursday's close. However, James believes good balance sheets will be crucial in Wall Street picking AI winners and losers, pointing to CoreWeave (CRWV) as the most important bellwether for his thesis. Tom White turns to an example options trade for Amazon.

Will AMZN Earnings Back AI CapEx Thesis? Why James Demmert Stays Bullish

Karl Desmond of Invesco discusses how custom model portfolios are giving financial advisors more personalization while saving time and improving efficiency. He explains the growing role of alternatives and active ETFs, how AI is improving the advisor experience, and why Invesco currently favors stocks over bonds while emphasizing higher-quality holdings and broader diversification.

Schwab IMPACT 2026: AI, Active ETFs and Alternatives Are Reshaping Model Portfolios

Jeff Mortimer, CIO of Elyxium Wealth, remains bullish but says investors should diversify beyond the AI trade as questions grow around valuations, debt and returns on investment. He favors a mix of growth and value, U.S. over international equities and alternatives, while viewing oil and geopolitical risks as key market drivers. Mortimer also discusses generational wealth transfers and how AI is changing both financial advice and investment opportunities.

Schwab IMPACT 2026: Positioning for AI Diversification Shift

Francis Newton of Tuttle Capital Management discusses risks to the AI trade from higher rates, widening credit spreads, weaker free cash flow and rising capital costs. She’s watching the 10-year Treasury and Nasdaq-100 (NDX) for signs of a potential repricing, while still seeing opportunities in AI bottlenecks, infrastructure, property and casualty stocks, digital credit and ETFs that use derivatives to manage volatility.

Schwab IMPACT 2026: Can AI Trade Fend Off Higher Rates, Cash Burn?

Amazon (AMZN) reports earnings after Thursday's close, with the company's AWS growth being a crucial metric that investors will look for. Tom White turns to the Mag 7 stock's price action and highlights key levels as shares consolidate. He turns to an example options trade for Amazon.

Options Corner: AMZN Earnings to Clear More Fog in Mag 7's AI Story

Rick Wurster, president and CEO at Charles Schwab, discusses why more RIAs are working with the firm. He explains how advisors are using AI tools and why financial experts using the evolving technology win in the space. Even as clients and advisors use AI in greater doses, Rick notes that clients still want some form of human interaction with their portfolios.

Schwab IMPACT 2026: Charles Schwab CEO on AI's Value for Clients & Advisors

Defina Maluki explains how tax-aware long-short strategies can help wealthy investors diversify concentrated stock positions while limiting immediate tax liabilities. He discusses tax-loss harvesting, options hedges and the risks of these increasingly popular strategies, including leverage, fees and complexity.

Schwab IMPACT 2026: The Tax Strategy Behind Diversifying Concentrated Wealth

Schwab Asset Management's David Botset discusses the ETF industry’s record growth as investors favor low-cost funds, fixed income and actively managed products. He highlights growing demand for international bond diversification, thematic ETFs and alternative assets, while investors shift cash and rebalance portfolios toward ETFs.

Schwab IMPACT 2026: ETFs Surge as Investors Embrace Bonds & Low Costs

Warren Pierson of Baird Funds discusses how he and his firm are searching for opportunities in fixed income following the Fed's decision to hold interest rates in October. He states that the longer crude oil trades above $100, the more pressure it puts on the Fed and Treasury yields. Due to the lingering macro uncertainty, Warren argues bonds are "doing what they should be doing" and remain a strong long-term investment.

Schwab IMPACT 2026: $100 Crude's Continuing Fed Pressure

Kevin Gordon and Collin Martin break down the Fed’s decision to hold rates and the two dissents, while inflation remains elevated by energy, housing and other pressures. They discuss the case for additional rate hikes, opportunities in short- and intermediate-term bonds, and why diversification beyond mega-cap AI stocks into areas like energy remains important.

Schwab IMPACT 2026: Fed Hold, Inflation Risks & the Case for More Hikes

Vikram Natu discusses combining public and private markets through a multi-asset approach, highlighting TGPIX as a long-term interval fund with exposure to alternative investments. He also sees opportunities in private equity secondaries, private credit and infrastructure, including AI, asset-backed finance, reshoring and digital infrastructure.

Schwab IMPACT 2026: How Private Markets Can Build a More Resilient Portfolio

Christopher Marangi discusses value beyond the AI trade, including American Express (AXP), Microsoft (MSFT), AI-resilient sports plays like Live Nation (LYV) and TKO Group (TKO), and defensive opportunities in waste and health care. He also sees SpaceX (SPCX) disrupting telecom and likes EchoStar (SATS) for indirect exposure. Tom White demonstrates an example trade using SpaceX.

Schwab IMPACT 2026: Finding Value Beyond AI in Sports, Space and Defensive Stocks

Liz Ann Sonders of Charles Schwab joins from the Schwab IMPACT 2026 conference to discuss the earnings season and how it will off "more meat on the bones" in quantifying the AI trade. With CapEx showing no signs of slowing down, Liz Ann emphasizes how important it is for investors to differentiate winners and losers in the AI space. She says to look for low-debt companies that show a clear roadmap for growth. Liz Ann also discusses the Fed's interest rate path ahead as it limits insights on guidance. See a larger interview with Liz Ann on the latest Market Matters with Marley Kayden: https://schwabnetwork.com/video/lessons-liz-ann-sonders-learned-after-decades-on-wall-street

Schwab IMPACT 2026: Liz Ann Sonders on Finding AI Winners, Fed's Rate Path

Omar Aguilar, CEO and CIO of Charles Schwab Asset Management, believes the U.S. economy remains resilient even as crude oil volatility serves as a key risk to the macro outlook. He adds that the AI trade is here to stay but warns that the "extreme growth" seen in some companies over the last couple years will not last. When it comes to the Fed, Omar sees two more rate hikes at the end of 2026 into 2027. He urges investors stay diversified and not play into emotions as volatility grips the stock market.

Schwab IMPACT 2026: Omar Aguilar on AI Volatility, Fed's Rate Outlook & Diversification

Brian Vendig remains bullish on stocks into year-end, pointing to solid earnings and a potential S&amp;P 500 (SPX) move toward 7,950, while cautioning that Fed policy, midterm elections and geopolitical risks could fuel volatility. He favors established megacap tech companies that can fund AI investment, along with industrials, health care, cybersecurity and commodities. Looking to 2027, Vendig expects roughly 15% earnings growth, a mid-cycle economic slowdown and broader market leadership beyond tech.

Schwab IMPACT 2026: SPX to 7,950? Brian Vendig's Bull Case for Year-End

Milind Mehere, CEO of Advisor360, joins Diane King Hall live from Schwab IMPACT 2026 to talk about the big questions he sees for the future of AI in the financial space. He explains the importance of ensuring the right data is used by AI agents in the financial space and how the evolving technology is shaping advisor mindsets. It's also changing how clients look at investment firms and their own portfolios.

Schwab IMPACT 2026: Milind Mehere on AI Shaping Advisor & Client Mindsets

Schwab IMPACT 2026

After the dust settles from the opening bell, Trading 360 with Marley Kayden features Wall Street’s best traders, analysts and technicians to break down sectors and stocks moving markets. Trading 360 focuses on disruptive companies and new technologies driving market headlines while providing investors a 360-degree actionable approach to trading.

Trading 360

“Opening Bell with Nicole Petallides" is Schwab Network’s flagship new morning show—broadcast live from the floor of the New York Stock Exchange—and built from the ground up to serve the active trader, the tactical investor, and the market-curious viewer who wants more than just headlines.

Opening Bell With Nicole Petallides

Sam Vadas takes traders beyond the headlines with a sharp focus on the macro drivers, sector rotations, and global forces shaping the day’s market action. From breaking down U.S. and international economic data to analyzing sector performance and cross-asset moves, Morning Trade Live delivers the context traders need to understand the “why” behind early trading activity.

Morning Trade Live

Don’t miss the go-to resource for pre-market action from the floorof the New York Stock Exchange. Join Diane King Hall for breaking economic news, expert analysis, technical insights, and real-timetrading strategies.

Morning Movers

The Watch List with Nicole Petallides offers investors a midday look at the most relevant stocks, sectors and commodities. Petallides hosts a panel of experts ranging from industry-leading CEOs, analysts and Wall Street influencers to discuss pressing topics moving the market in real-time. The Watch List provides viewers with a midpoint status update for the end of the trading day and beyond.

The Watch List

Market on Close is Schwab Network’s signature end-of-day show—live from Wall Street and Chicago—where market intel meets real-time momentum. With Sam Vadas at the NYSE and Marley Kayden anchoring from Chicago HQ, we connect the dots between traders, catalysts, and tomorrow’s opening bell.&nbsp;