Wall Street woke up to a Democratic sweep in the midterms and bought stocks anyway. Drew Pettit, Chief Investment Strategist at Roundhill Investments, tells Turney Duff that politics changes the slope of a trend and never its direction, and that the midterm statistic everyone is quoting is not statistically significant. The panel works out why a data center moratorium might help the companies that already own the compute, why AMD’s report was weaker than the headline, and where the AI trade is costing people. Then four finance professionals are asked whether they would trust a chatbot with a serious health problem.
Market Hang is live weekdays 12:30-1:30pm ET on Yahoo Finance.
Featuring
Drew Pettit, Chief Investment Strategist at Roundhill Investments
Emily Peck, Markets Reporter at Axios
Mario Tufano, Senior Portfolio Manager at CS McKee
Al Root, Associate Editor at Barron’s
Turney Duff, host and author of "The Buy Side"
Timestamps
0:00 The morning meeting after the sweep
1:26 Drew Pettit: The only neutral color is green
2:38 The midterm statistic everyone is quoting
4:05 Why eight out of ten is not a finding
5:15 Keynes, and a third machine
6:40 The rotation: Apple up, semi-cap equipment down
8:15 Industrials back to 20 times earnings
10:11 Moratoriums are leverage, not bans
12:24 The tweet: Pulling up the drawbridge over the moat
13:29 The permit, the grid and the gas
14:36 Hyperscaler borrowing gets easier
15:52 What half a billion dollars bought
17:02 Mario Tufano: It’s the consumer, stupid
19:49 Drew Pettit: The AMD report was not as good as it looked
22:07 Nobody cares about third quarter earnings
23:35 Is the bubble just people calling for a bubble
24:40 Long term bullish, short term chop
25:56 What is actually priced in
27:00 The productivity paradox
29:05 Why this is neither dot-com nor subprime
30:45 The barbell, and low beta AI
33:09 The case for owning something else
35:58 A market of stocks, not a stock market
37:24 Retail closed the gap on the institutions
39:08 CrowdStrike builds a kill switch for rogue agents
40:28 Safer, or braver
41:56 Can AI fix healthcare
43:14 Great for drug development, not for drug stocks
45:47 Green flag or red flag: A chatbot for a serious health issue
47:55 Green flag or red flag: Therapy
50:04 Mario Tufano: The chatbot is built to agree with you
51:39 How they actually use it
54:18 Everyone’s favorite chatbot
#Midterms2026 #AIStocks #DataCenters #MarketHang #YahooFinance
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