The Wise Investor Show®

War's erupted in the Middle East, sending the volatility in all the capital markets higher, with wild swings and money headed to the sidelines. Chase this week takes a look at the effects on oil, takes a guess at how long this will last (he has no clue) but also why it results in cheaper prices ahead, while also refocusing on the longer term trends that can benefit from today's news. WIG Stocks: AVGO The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.  

Simon comments on the proliferation of dystopian AI-related forecasts and cautions against succumbing to the fear of the unknown. He highlights the various phases of the AI wave from a market perspective - how investors are now considering violent disruption while trying to separate the "winners" from the "losers." Such rapid price adjustments could ultimately create opportunity among those unfairly punished. Simon also reviews some of the recent news flow from NVDA, DHR and AMZN.   WIG Names: NVDA. DHR, AMZN.   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

In this episode, we break down the hidden psychological forces that influence your financial decisions — often without you realizing it. From loss aversion and overconfidence to anchoring and confirmation bias, you'll learn how these four major behavioral traps can derail even the best financial plan. We explore real-life examples, including how emotions take over during market volatility and how everyday choices — like selling a home or reacting to political news — get shaped by unconscious biases.   Most importantly, you'll walk away with practical tools to recognize these behaviors and build a decision-making system that protects your long-term goals.    The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon discusses the violent churn in the markets that includes rotation into "old economy" industries as well as significant AI disruption fear-related selling. The sustainability of the moves will likely depend on the impacts to corporate earnings and whether profit margin gains can expand beyond the Technology space. Simon cautions against trying to trade the momentum as sentiment can be fickle, while he also suggests some behavioral mistakes that can lead to investing mistakes. He reviews the latest earnings reports and news flow from GOOGL, UBER, VST and LLY.   WIG Stocks: GOOGL, UBER, VST and LLY.   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.  

Simon reviews the extreme volatility in sentiment and liquidity-driven asset classes such as crypto and precious metals. He argues that investors should consider as peripheral rather than core investments. He considers the significant rotation within the stock market and the fundamentals needed to sustain. He also frames the latest in the economy from the path of the U.S. dollar to the new Fed Chair. Simon then reviews the latest earnings reports from AAPL, V, VZ and T.   WIG Stocks: AAPL, V, VZ and T   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

The economic developments were a bit of a snoozer this week but while he does give some attention to the Fed's meeting, on this week's show Chase reviews the earnings results and subsequent reactions to some big names in the markets.   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon discusses how challenging market timing can be even if one knew economic outcomes ahead of time. He argues for discipline in a frenetic, headline-driven environment. He suggests that valuation expansion, leverage levels and recent stock performance are not all that suggestive of a large cap Technology bubble and how rotation into other asset classes, as well as the "other 493" within the S&P 500 are healthy developments. Portfolio diversification is challenging to maintain and requires multi-year patience.   WIG Names: None   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

The markets were bobbing an weaving to a string of headline jabs this week, while digesting some important economic data and earnings reports. On this week's show, Chase reviews what's happened, struggles to conclude where we are as they continue to seek resolution but then updates one of the groups top holdings. WIG Stocks: DHR   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon discusses the emergence of "grey swans": potentially impactful events that have been considered but only lightly so and not adequately discounted in market prices. He comments on the latest around Venezuela and possible ripple effects. He also shares some timeless lessons re-learned from last year's market behavior and frames the current economic and stock market backdrop. He highlights the recent rotation out of Technology/AI into other areas of the market and argues for proper portfolio balance.   WIG Stocks: None Non-WIG Stocks: None   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

2026 brings new rules that Financial Planner Ann Summerson covers including changes to charitable distribution deductibility, 529 plan usage, qualified retirement plan contributions and more. And Ann introduces The Wise Investor Group's newest team member, Maritza Hernandez, who joins Ann for the second half of the podcast.    The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

While looking at the recent activity in the economy and sharing some forecasts for the coming year and 2027 too, this week's show also focuses on previous milestones in the markets, going back to Dow 10,000 and what that means as the markets close out this year near all time highs and new milestone levels.   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon discusses the significant rotation out of AI/Technology names into other corners of the stock market. He suggests the shift could have some legs, although the less speculative pockets of the AI universe could start to offer value. He also examines the disconnect between "Wall Street" and "Main Street" and offers some opinion on why stocks are outperforming the economy. He then discusses the latest news flow from LLY, COST and AVGO, the latter two of which have sold off sharply in recent weeks.    WIG Names: LLY, COST, AVGO   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Jerome Powell and the Federal Reserve gave the markets a good shot in the arm this week with a rate cut and a more benign outlook than was expected, opening the door to more cuts. This week, Chase Hinderstein talks about why the language was more dovish than the media coverage realized, why this powered the markets back to near all time highs, and he goes on in the show to discuss a few of Wall Streets 2026 outlook reports as we set the stage for next year and beyond. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon discusses the recent rotation in the stock market to former laggards as well as how to think about a possible AI bubble. He suggests that, while there is precedent for a midterm election- year correction, there remains a good case for double-digit earnings growth and stable valuations. He cautions investors on the likelihood of continued ebbing in house prices, which could lead to lower returns for those buying investment property. He then examines the ramp in competition among the mega-Technology names and how to think about the AI "horserace" going forward.   WIG Names: GOOGL, AMZN, NVDA   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

In today's Wise Investor Show podcast, Senior Financial Planner Greg Smith covers some year-end recommendations that you shouldn't sleep on, after you've enjoyed your post-turkey, tryptophan-induced nap.  Time, being in close contact with your tax preparer, and awareness of where your income will likely land for the year will all be of the essence to help you determine if you're close to being able to make use of some of the new and expanded tax deductions that might be available to you starting this year.  Hope the show is helpful to you and thank you for tuning in!   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon discusses the recent vacillation in market sentiment regarding AI-related names. The bar is high for their execution and investors are well-served by preserving portfolio and, most importantly, emotional balance. He also considers how better than expected corporate fundamentals are driving longer term results and how they are expected to continue to improve next year. Meanwhile, investors are weighing how the outlook for the broader economy is a seesaw between a current soft patch and potential acceleration early next year. He offers some thoughts on the latest news from NVDA, GEV and LLY.   WIG Names: NVDA, GEV, LLY   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

The markets have been flying blind through the shutdown and as they emerge from the clouds they're not happy with what they're seeing. Chase discusses this week why we're seeing selloffs, what to look for in the coming weeks, discounting further rate cuts, and starts to explore where we should have our money for the next year.   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon considers the massive 10-year rally in the Technology stock-heavy Nasdaq in the context of other historical bull markets and suggests it does not necessarily have to end with a crash. Investors might need to distinguish between short-term corrections of speculative excess and protracted downturns. He also highlights the latest developments in tariff policy, Fed action and Supreme Court considerations. He then reviews quarterly results from UBER, ABBV, AMZN, CVX.   WIG Stocks: UBER, ABBV, AMZN, CVX   Non-WIG Stocks: None   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

The forces that are driving our economy are starting to sabotage it at its core, as the application of artificial intelligence is starting to kill the workforce. This week Chase looks at how a central bank with a duel (pun) mandate is challenged by a stagflation scenario as well as the potential for a strong economy with rising unemployment.   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.

Simon considers the continued strong stock market momentum and how it augurs for more gains over the coming 6-12 months. However, he cautions that the margin for error is thin at current stretched valuation levels and how discipline must be maintained given the high likelihood of bumps along the way. He places the current parabolic move in gold in historical context and questions the merits of the metal as a long-term strategic asset class to own in a meaningful way. He shares some highlights from the latest earnings reports from COF, WFC, RTX and LVMH.   WIG Stocks: COF, WFC, RTX and LVMH   The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the Wise Investor Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected. Investments mentioned may not be suitable for all investors. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance may not be indicative of future results.