$SPY - Warren expects S&P 500 to reach 8,000 by early 2026 and believes the market is fairly valued, not overvalued, due to higher margins and less cyclical composition.
$COMMODITIES - Warren sees commodities breaking out and recommends rotating from bonds to commodities to hedge against overheating risk in second half of 2026.
$GLD - Warren sees gold in a new secular bull market driven by the debasement trade with multiple factors supporting precious metals.
$DATACENTER - Warren sees data center buildout driving demand for commodities like copper and natural gas, and AI infrastructure supporting the economy.
Bearish:
$TLT - Warren expects bonds to sell off in second half of 2026 as Fed ends cutting cycle and risk shifts from cooling to overheating.
$QUALITY - Warren acknowledges quality factor has been in one of the worst bear markets on record and his call for a quality rebound was wrong.