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Podcast: Money Life with Chuck Jaffe
Episode: Annex Wealth's Jacobsen: Yes, the market can rise from here, but not by much
Description: Brian Jacobsen, chief economic strategist at Annex Wealth Management, says 2026 will be a year in which valuations and fundamentals really matter, as the broad market will see more volatility and will have less momentum. After three straight years of gains around 20% annually, Jacobsen says investors will need to curb their enthusiasm and settle for gains that, at best, he thinks will only get to high single-digit levels. He says that valuations in large-cap stocks "have created too many vulnerabilities for us to really sleep well at night," which is why he favors international, small- and mid-cap stocks and value...