{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The 2026 Market Outlook: Earnings, the Fed, the Magnificent Seven, and Long-Term Investing with Liz Ann Sonders (EP.239)","description":"Get an inside look at what\u2019s shaping my thinking. Bi-weekly, I share the top 5 investing and financial planning articles I\u2019m reading\u2014straight to your inbox. Sign up for my newsletter. -----  Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, joins me for a wide-ranging conversation about what actually matters for long-term investors heading into 2026. We get past the headline forecasts and into how a seasoned strategist interprets markets in real time\u2014without falling into the traps that trip up most investors. Listen now and learn: \u25ba Why \u201cforecasts\u201d can be useful even when you\u2019re not making price targets\u2014and how to use them the right way \u25ba A clearer way to think about what really drove market returns in 2025 (and what many investors missed) \u25ba What to pay attention to with the Fed in 2026, and what\u2019s mostly just noise \u25ba A grounded framework for thinking about the U.S. dollar, national debt, and the long-term investor\u2019s edge   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions. (03:00)  Why Schwab Won\u2019t Do Year-End Targets  (08:23) How Liz Ann Builds an Outlook: cycles, quadrants, and \u201cbetter or worse\u201d vs. \u201cgood or bad\u201d (13:33) 2025\u2019s Biggest Investor Lesson (16:48) The Magnificent Seven Misconception: contribution \u2260 performance (21:05) The 2026 Outlook (26:09) The Federal Reserve, Rate Cuts, and a New Fed Chair: why the \u201cC\u201d in FOMC matters (31:39) The US Dollar and Reserve Currency Fears: \u201cthere\u2019s no replacement for it\u201d (35:19) US National Debt: not a default story, but a long-term \u201cwet blanket on growth\u201d  (43:02) Long-Term Investing vs. Gambling: owning vs. hoping, and why \u201cget in\/get out\u201d isn\u2019t a strategy (47:22) How Liz Ann Sonders Invests Her Own Money (50:16) What\u2019s Different Now: post-COVID sentiment, the retail trader, and why psychology got harder (52:55) Where to Find Liz Ann\u2019s Research    Editing and post-production work for this episode was provided by The Podcast Consultant (\u2060https:\/\/thepodcastconsultant.com\u2060) Disclosure: This content, which contains security-related opinions and\/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this \u201cpost\u201d (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and\/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see disclosures here. ","author_name":"The Long Term Investor","author_url":"https:\/\/www.TheLongTermInvestor.com","html":"