The S&amp;P 500 (SPX) is near highs, but John Kosar sees signs of slowing momentum as market breadth weakens. Tech continues to dominate performance, driven by AI demand, while other sectors lag. John uses his Asbury 6 model to show the shift in internal signals could point to a broader pullback ahead.

Asbury 6 Signals Slowing Market Momentum Beneath SPX Highs

Maria Llerena highlights persistent inflation and rising yields, pushing investors toward growth and quality in tech. Cybersecurity stands out, with Palo Alto Networks (PANW) leading, while Quanta Services (PWR) benefits from grid upgrades. Ongoing chip constraints also remain a key risk as AI demand strains supply.

Maria Llerena: Rising Yields Drive Focus to PANW, PWR

"People have correctly stayed the course" by looking at earnings, says Michael Landsberg, noting the strength U.S. muscled for the rest of the markets. He talks about how there's much more than Nvidia (NVDA) for investors to scoop up in the AI trade. Michael adds that he sees the current landscape as a stock pickers market with some diversity. Some of the names on his watch list: Cisco (CSCO), Visa (V), CrowdStrike (CRWD), and Rolls Royce (RYCEF).

Michael Landsberg on AI Beyond NVDA, Stock Picks in CSCO, CRWD & RYCEF

The labor market is shifting to a low-hire, low-fire environment, with Jordan Shapiro noting reduced mobility is weighing on wage growth as inflation outpaces pay. Companies are prioritizing long-term hiring quality over speed, supporting margins but limiting worker leverage. In a tighter job market, employees may need a more data-driven approach to maintain compensation.

Jordan Shapiro on Low-Hire, Low-Fire Labor Market Shift

Eva Ados of ER Shares explains how her firm's Private-Public Crossover ETF (XOVR) holds $320 million shares of SpaceX ahead of the company's highly anticipated IPO. She also believes the company will be considered for inclusion in the Nasdaq-100 (NDX) and the next Mag 7.

Eva Ados on Why SpaceX Will be Next Mag 7 Stock & XOVR ETF's Exposure

"It's all about geopolitics right now" in the airline space, says John Deal. As crude oil prices rise amid lasting uncertainty surrounding the Strait of Hormuz, he sees airline stocks as an investment risk. John talks about how he sees the dichotomy between airline companies and crude oil shape up as the U.S.-Iran War continues.

Strait of Hormuz Causing Long-Term Turbulence in Airline Stocks

Matt Schultz, CEO of CleanSpark (CLSK), explains how Bitcoin mining is becoming critical for the future of AI. Matt also notes how pairing Bitcoin mining with AI through data center infrastructure creates a stronger partnership between energy providers and next gen computing.

CleanSpark (CLSK) CEO on Data Centers, Bitcoin Mining & Future of AI

Jessica Inskip walks us through today's Big 3 trades. She likes Arch Capital (ACGL) as a top tier stock in its sector, Comfort Systems (FIX) as they're becoming increasingly tied to AI infrastructure demand, and MSCI (MSCI) as it highlights record reoccurring subscriptions. Rick Ducat takes us through the key support and resistance levels to watch in the stock charts.

The Big 3: ACGL, FIX & MSCI

A 10% pullback in stocks would be normal after the parabolic climb we've seen in recent weeks, says Charles Schwab's Nathan Peterson. Nate says he respects the momentum but warns it could snap like a rubber band at any sign of significant pressure. On CPI, he talks about the "creep" for consumers to get hit by inflationary pressures as the U.S.-Iran War continues.

10% Stock Market Pullback Normal? Parabolic Rise Sets High Bar Ahead

A hotter CPI print is fueling inflation concerns, with Ben Emons pointing to pressure in food and energy tied to geopolitical risks. That could keep the Fed on hold and push the 10-year yield toward 4.70%, weighing on stocks. Focus now shifts to the U.S.-China summit, with implications for Apple (AAPL), Tesla (TSLA), BlackRock (BLK), Visa (V), Boeing (BA), and GE Aerospace (GE).

Hot CPI, Rising Yields, and U.S.-China Talks Drive Market Outlook

Andrea Baumann Lustig, author of "Legacy on the Line," talks about the blind spots she sees in financial planning. Most of the blind spots she finds are among family dynamics and keeping financial conversations moving between generations. Andrea outlines how families can navigate these issues.

Finding Blind Spots in Family Financing & Ways to Navigate

Brian Mulberry talks about the risks he sees under the surface of the stock market's all-time high run. Circular financing among the Mag 7 is a prime focus of Brian's concerns due to concentration risk despite signs of growth. He urges investors to diversify into other sectors that are beaten down or can indirectly benefit from AI demand. Brian picks Dell Technologies (DELL), Microsoft (MSFT), and Broadcom (AVGO) as some of his top stocks.

Brian Mulberry's Mag 7 Circular Financing Concerns & Picks in MSFT, AVGO & DELL

Chuck Etzweiler argues the current bull market still has room to run, driven by long‑term innovation across AI, robotics, and blockchain. He highlights broadening strength beyond tech into industrials and materials, and says volatility remains a normal part of a multi‑year structural uptrend.

Chuck Etzweiler on AI, Industrials, and the Next Phase of the Bull Market

Tom Stein warns that relying too heavily on AI for thought leadership can hurt credibility, as high‑level audiences can easily spot generic, machine‑generated content. He emphasizes the need for human oversight, even as tools from Microsoft (MSFT), Alphabet (GOOGL), and others handle the bulk of content creation.

Tom Stein: Why AI Content Needs a Human Edge

Khozema Shipchandler, CEO of Twilio (TWLO), talks with Marley Kayden about the company's latest earnings and ways it backs the growth story. Shares jumped more than 30% since the report. Khozema says Twilio has a lot of space to capitalize on the AI trade, especially in the agentic AI space as more companies use the tech.

Twilio (TWLO) CEO on Stock's Rally & Agentic AI Future

Geopolitical tensions are back in focus ahead of a key U.S.–China summit, with implications for trade, technology, and global markets. Max Zenglein highlights persistent uncertainty between the U.S. and China, strength in regional tech hubs like Japan and South Korea, and ongoing economic challenges in China and energy‑sensitive markets.

Max Zenglein Breaks Down U.S.–China Summit and Trade Outlook

The market’s AI‑driven momentum continues as infrastructure plays take center stage, according to Hilary Kramer. She highlights Credo Technology (CRDO) and Trane (TT) as key beneficiaries of data center growth, while pointing to opportunities in Roku Inc. (ROKU) and emerging biotech names like Enveric Biosciences (ENVB).

Hilary Kramer: AI Buildout Drives CRDO, TT, and New Opportunities

With semiconductor stocks showing a stellar rally across the sector, Jay Woods sees an "imminent" pullback ahead. With some technicals showing historic overbought signals, Jay wants to see participation broaden to other sectors. He has his eyes on the healthcare sector and "beaten down" tech giants like Microsoft (MSFT) and Meta Platforms (META). Jay notes other macro warning flags that could throw a wrench into the rally. He also believes Cisco (CSCO) can outperform after earnings and sees a pullback coming for Intel (INTC).

Jay Woods Sees 'Imminent' Pullback, Eyes MSFT, META & CSCO

Eric Diton says chips remain king in the current market environment. However, he notes an inflation concern in the memory space as DRAM prices show no signs of decreasing. "I would not be diving in here," says Eric, expecting profit-taking to hit stocks that skyrocketed in recent weeks. He urges investors to find "unloved" names in the stock market.

Inflationary Concerns on DRAM Prices & Finding 'Unloved' Stocks

Nano Nuclear Energy (NNE) CEO James Walker joins Market on Close following news of its MOU with Supermicro (SMCI) to power AI data centers. He explains the differences between the "Homer Simpson" sized nuclear sites versus micro-reactors which are in greater demand as AI requires larger energy demands. James addresses the safety concerns around nuclear energy and explains why micro-reactors have added safeguards to prevent meltdowns. He adds how easily the technology is to mass deploy calling it "an exciting transformation" in the space.

NNE CEO on AI Driven Power Demand

Catalyst Funds' David Miller highlights strategies focused on market bottlenecks and dominant players, pointing to the GOLY ETF as a hedge combining gold and corporate bonds. He also breaks down the MPLY ETF, emphasizing names like Nvidia (NVDA), Visa (V), Mastercard (MA), and Microsoft (MSFT), while noting insider buying as a key signal for identifying undervalued leaders.

David Miller on GOLY, MPLY, NVDA, and Market Leaders

Microsoft (MSFT) is standing out as a defensive AI leader, leveraging its enterprise scale and infrastructure investments to stay competitive, according to Jed Ellerbroek. He highlights strong Azure growth, steady positioning in AI chips versus Nvidia (NVDA) and Micron (MU), and strength extending into cyclicals like United Rentals (URI) as infrastructure demand builds.

Jed Ellerbroek: MSFT Stands Out in a Shifting AI Landscape

AMD Inc. (AMD) shares skyrocketed to new heights as the AI chipmaker surpassed earnings expectations in its latest report. George Tsilis goes under the hood and provides his insights on the print. Plus, George compares AMD to competitors like Nvidia (NVDA), Qualcomm (QCOM), Intel (INTC) and Arm Holdings (ARM). Later, he'll look at the technical trends supporting AMD's recent run to an all-time high.

Tech Corner: AMD All-Time High on AI Growth

Logan Gilland says CoreWeave's (CRWV) "pretty sizeable pullback" comes after a big run-up into earnings. He and Todd Stankiewicz discuss the profitability question facing AI companies that spend greatly and rely on debt financing to buoy their businesses. They both note CRWV's partnerships with major AI players, including a more diverse client base outside of Microsoft (MSFT). Todd points to credit spreads as another area to watch for CRWV moving forward.

CRWV and the AI Profitability Question

Ouster (OUST) is pushing to become a core player in robotics with next‑gen LiDAR that combines depth and color on a single chip. CEO Angus Pacala highlights steady growth, new sensor innovation, and expansion into autonomous systems as the company positions itself at the center of physical AI.

Ouster CEO on Push Into the Future of Robotics

The market is balancing strong corporate fundamentals with rising macro risks, as AI winners pull ahead while others lag, according to Tiffany McGhee. She highlights pressure on forward guidance amid higher costs and points to defensive names like Procter &amp; Gamble (PG) as key ways to navigate a more volatile environment.

Tiffany McGhee Breaks Down AI Winners and Market Divergence

With elevated energy prices impacting Americans at the pump, Mabrouk Chetouane discusses the tentative ceasefire holding between Iran and the United States. He actually says the situation is worse in Europe and the energy shock could worsen depending on the situation brewing in the Strait of Hormuz. Mabrouk says that another player to watch should be China as it has a greater dependency on oil from Iran. Later, he chimes in on the new Fed leadership under Kevin Warsh and how the U.S. central bank sways policies from global financial systems.

Market Perception of Iran/U.S. Ceasefire

Frances Newton sits down with Diane King Hall at the NYSE to extricate and understand the reasons behind recent market surges. Frances focuses on the tech sector outperformance with the rise of AI adoption, the upcoming change at the Federal Reserve as well as global geopolitical issues. When asked if there could be a moment to get caught flat footed with oil volatility, Frances points to lagging effects that could be felt.

Tailwinds Lifting Today's Market Performance

Carter Braxton Worth stops by the Schwab Network NYSE set to discuss using individual stock volatility to generate options income. He speaks about his recently launched Worth Charting Options Income ETF (WRTH) and the strategies facing traders in today's options markets.

WRTH ETF: What Investors and Options Traders Need to Know

Noah Greenberg explains how generative AI is reshaping search, shifting focus from traditional SEO to visibility within AI‑driven recommendations. He outlines how brands must prioritize fresh, data‑driven content and third‑party validation to stay relevant as platforms like Alphabet (GOOGL) and Microsoft (MSFT) evolve beyond links to direct answers.

From SEO to AI: How Search Is Rapidly Evolving

Morning Movers

Opening Bell With Nicole Petallides

Morning Trade Live

Trading 360

Fast Market

Next Gen Investing

The Watch List

Market On Close

Market Overtime

Inside the Mind of a Trader

Your First Trade

The Wrap

Liz Ann Live

Schwab 2026 Outlook

Market Matters with Marley Kayden

Market Matters with Marley Kayden is a weekly digital video podcast featuring in-depth conversations on the forces shaping today’s markets.&nbsp;Each episode centers on a single high-impact theme and an expert guest offering both timely insight and long-term perspectives.

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.

“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.

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.

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.

Host Diane King Hall teams up with veteran traders Tom White and Kevin Hincks to break down live market moves and deliver practical trade ideas in real time. From options strategies and volatility plays to earnings reactions, they bring in market specialists, analysts, and guests to give active traders the setups and strategies to help inform their portfolio.

The future of trading is here on Next Gen Investing. Alex Coffey and Jenny Horne take viewers through the markets from a unique perspective to help new investors pursue their financial goals. Next Gen Investing will explore various trading strategies while highlighting trending names and under the radar stocks in the market, while walking investors through real-time example trades.

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.

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;

Market Overtime takes a break from the day-to-day news cycle and explores global financial trends with veteran investors and leading market minds. The show is a conversation looking at what is driving headlines globally, and what these trends mean for markets, the economy, and your financial future. Tune in to Market Overtime to get a new perspective on investing.

Ever wonder what&nbsp;really&nbsp;makes a trader tick? Watch as a renowned neuroscientist takes you inside the minds of some of the most brilliant traders so you can discover ways you might apply their thinking to your own strategies. Presented by our broker-dealer affiliate, Charles Schwab &amp; Co., Inc., member SIPC, a subsidiary of The Charles Schwab Corporation,&nbsp;Inside the Mind of a Trader&nbsp;uses a mixture of questions and experiments to explore the mindset of three seasoned traders.Episodes premiere weekly starting Tuesday, September 3, 2024.

Instead of sitting on the sidelines, take control of your financial future by watching Your First Trade. Host Ben Watson, Sr. Manager, Education Coach&nbsp;takes you on an educational journey where you can discover fundamental trading concepts and how to navigate the thinkorswim platform from Charles Schwab &amp; Co., Inc, member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. Your First Trade program content is presented by Charles Schwab &amp; Co., Inc. a broker/dealer, for educational purposes only.

     

The Wrap is a nightly recap show, delivering the day’s top market headlines and most insightful interviews from Schwab Network's daily market coverage. Airing daily at 7pm ET, it highlights key takeaways from the trading session, expert analysis, and actionable ideas from the network’s best conversations—giving investors a concise, informative look at what moved the markets and what to watch next.

Schwab's Chief Investment Strategist, Liz Ann Sonders, brings her market insights and economic analysis to Schwab Coaching! Liz Ann Sonders and host Joe Mazzola will discuss her Market Commentary column and update you on the latest economic data and indicators that could impact the investing landscape. Join us and don't hesitate to ask your questions during this live, interactive segment.

Join Schwab’s panel of experts on&nbsp;December&nbsp;11th for 2026 Market Outlook — your guide to the forces shaping stocks, global markets, inflation, rates, and more.&nbsp;Hear from experts on where the markets may be heading, spot opportunities, and see what could drive your portfolio next year.Tune in on&nbsp;Thursday,&nbsp;December&nbsp;11th&nbsp;at 7pm Eastern on Schwab Network.