The founder of the world's largest hedge fund just dropped his roadmap for 2026.
We ran it through Sidekick to break down the key takeaways and where he’s positioning as markets shift. Here’s the breakdown: Source: TrendSpider @TrendSpider
The Queen has been dethroned
Inverse Cramer officially beats out Pelosi for the top portfolio on Autopilot Source: Nancy Pelosi Stock Tracker ♟ @pelositracker
Morgan Stanley Picks for 2026
Source: Kaushik @Wiseman_Cap
Risk appetite is through the roof.
Stock market investment is at 20+ year highs. Meanwhile, retail asset allocation to stocks is up to ~70%, near the highest in 20 years, according to the AAII survey. This is in-line with the highs seen during the 2021 meme stock frenzy. To put this into perspective, stock allocations were just ~55% during 2020 and fell to ~40% at the 2008 low. At the same time, average stock exposure among investment managers is up to nearly ~100%, one of the highest readings over the last 20 years. This has risen ~65 percentage points since the April low. Source: The Kobeissi Letter, Bloomberg
Today is the largest options expiration in history...
Goldman's options guru John Marshall estimates that this December options expiration will be the largest ever with over $7.1 trillion of notional options exposure expiring, including $5.0 trillion of SPX options and $880 billion notional of single stock options. Source: zerohedge
Investors who have been sticking to their 60-40 portfolio over the last 3 years
Up +36% over the last 3years (+10.7% annualized) - gross of fees with annual rebalancing
A very interesting chart: we're currently in a relatively rare situation where households have more wealth invested in the stock market than in physical property!
This crossover has only happened a couple of times in modern history, most notably in the late 1960s and again in the late 1990s. What's particularly striking is that both of those periods preceded major bear markets that lasted for years. What this means practically is that households have become increasingly concentrated in equity investments, making them more vulnerable to stock market volatility. When your wealth is primarily in stocks and the market drops, you lose wealth quickly. Real estate tends to be more stable and less prone to sudden crashes, though it can still decline. The US Government can not afford a bear market... Should we prepare ourselves for a "Trump put" in 2026? Source: Wells Fargo, StockMarket.news
How far can this go?
Investors are in "all-in mode", as NYSE available cash as a percentage of market cap has just reached its lowest level ever. Source: Guilherme Tavares i3 invest
