Software vs Semis, Trump Accounts for Babies, Sell-Side Indicator
January 6, 2026
AI Summary
5 min read🎙️ The Voices & The Context
- The Format: Casual live chat podcast with charts, banter, and market analysis—think two finance pros riffing on stocks like buddies at a bar.
- The Key Players: Hosts Michael Batnick (data-driven chart guy, self-deprecating) and Josh Brown (big-picture storyteller, optimistic hype man). Their chemistry crackles with playful roasts, shared laughs, and rapid-fire debates—pure "bromance" energy on markets.
- The Vibe: Fun, energetic, and educational—like a rowdy finance class party. Optimistic bull market vibes with witty jabs at bad takes.
🗝️ Key Themes & Topics
The episode dives into 2026 market shifts, blending AI hype, sector rotations, policy wins, and tech announcements for a bull-market pep talk.
- Topic 1: Semis vs. Software Stocks & AI Trade Reset. Michael admits his "AI enhances software" take bombed Friday—semis crushed software by a record 7% spread (25-year high). Charts show semis' blow-off top potential; debate on mean reversion amid hyperscaler capex.
- Topic 2: Sell-Side Signals & Strategist Euphoria. Savita Subrahmanyam's indicator nears "sell" (56% equity recs, close to peak). Strategists forecast 10% S&P gains (4% total return possible per Savita); bonds/cash allocations signal risk-on but no extremes yet.
- Topic 3: Trump Accounts & Fighting Communism. New law seeds $1K stock accounts for
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What you'll learn
- 1 (00:12) **Software Stocks vs. Semiconductor Stocks**
- 2 (12:33) **Sevita Subramanian's Sell-Side Indicator**
- 3 (22:38) **Sam Rowe's 2026 Market Charts**
- 4 (30:52) **Trump Accounts (Baby Equity)**
- 5 (44:09) **Mag7 vs. Rest of S&P 493**
- 6 (50:13) **CES Highlights: NVIDIA and Amazon**
- 7 (63:17) **Make the Case: Regional Banks**
+ Full timestamped outline available in the app
Show Notes
On this TCAF Tuesday, hear an all-new episode of What Are Your Thoughts with Downtown Josh Brown and Michael Batnick!
This episode is sponsored by Public. Find out more at https://public.com/WAYT
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Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.
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