These Are the Stocks to Buy In 2026 | TCAF 225

JC Parets argues that the market is still in a bull phase and that investors should pay more attention to what price action is confirming than to what economists, journalists, or consensus opinions are saying. He frames the episode around Buffett’s warning from the Long-Term Capital Management blowup: even very smart people can take needless risk and end up ruined. From there, JC says the practical lesson is to follow a plan, control emotions, and fade the groups that most often get consensus calls wrong.

He identifies four major groups to fade when they line up at extremes: sell-side analysts, asset managers, journalists, and economists. He says analysts are prone to career risk and conflicts, asset managers are often on the wrong side of consensus positioning, journalists are usually late to the move, and economists are too focused on backward-looking data instead of current prices. He also argues that consumer discretionary strength, new highs in industrials and transports, and broad participation across the New York Stock Exchange all support the bull case.

The more tactical part of the episode focuses on charts and positioning. JC says MicroStrategy’s relative weakness versus Bitcoin may have marked a turning point after ETF options began trading, and he says he bought MicroStrategy on a false breakdown with a tight time stop. He also points to international equities, silver, and gold as areas where the real money has already been made, while warning that the same bubble narrative has appeared repeatedly before.