Hi everyone,
As markets are closed today and there is no Talking Markets, we’ve got a special treat for you…
I recently sat down with Michele 'Mish' Schneider, the Chief Strategist at MarketGauge.com, a veteran floor trader and a master of reading market patterns. Mish recently released her incredibly valuable 2026 Outlook, and it provides a fascinating look at the global financial landscape. As always when I catch up with Mish, I walked away with a clear and provocative view of the shifting cycles in our economy.
Here is some of what we discussed:
“All Energy Hands on Deck”: To power the new world, Mish believes nuclear, solar, and traditional fossil fuels will all be critical, potentially sparking new inflationary pressures.
The Return of Commodities: While mainstream media ignores inflation, Mish sees “cracks” in the narrative, pointing to bullish moves in silver, gold, copper, and agricultural goods.
The Year of the Fire Horse: 2026 is a rare “double fire” year, the first since 1966, suggesting a period of extreme volatility where the market may “gallop” early before “bucking” in the second half.
Infrastructure for a New World: We explore the “digital scaffolding” of 2026, where nascent technologies like automation and robotics move from the trial phase into real-world integration.
AI Industrialization: Mish argues that the AI trend is shifting away from early hyperscalers toward biotechnology and warehouse automation, highlighting companies like Symbotic and Serve Robotics.
The Vanity Trade & Longevity: We dive into the “Ozempic effect,” explaining how diet drugs and biotech are creating a major macro shift in human longevity and consumer behavior.
Crypto’s Institutional Crossroads: Mish outlines the high stakes for Bitcoin, noting that holding the $90,000 support level is vital as the industry faces a potential S&P 500 delisting vote.
The Ultimate Risk… The Consumer: In a K-shaped economy, the biggest danger for 2026 remains flat wages meeting inclining inflation, which could trigger significant social and political unrest.
Normally, Macro Sessions is for paying subscribers to The Market House only, but we’re making this one available to everyone (and we’ll have another Macro Sessions episode this month too). I hope you enjoy it…!
Maggie
For more from Mish:
Important Disclaimer: It is crucial to remember that this article is for informational purposes only and should not be considered investment advice. Consult with a qualified financial advisor to assess your risk tolerance, investment goals, and overall financial plan.
