Financials and defense stocks have done very well, says Evans May Wealth's Elizabeth Evans

Watch on YouTube ↗  |  January 15, 2026 at 21:21  |  2:38  |  CNBC
Speakers
Elizabeth Evans — Managing Partner, Evans May Wealth

Summary

Elizabeth Evans, managing partner at Evans May Wealth, discusses the 2026 market playbook on CNBC's Closing Bell. She expects a positive setup for U.S. equities after a 2025 soft landing, supported by solid growth, low unemployment, resilient earnings, and potential Fed rate cuts. She also notes mega-cap tech must keep delivering while expecting a slow broadening across other sectors.

  • Elizabeth Evans sees a positive 2026 setup for U.S. equities after a 2025 soft landing.
  • She cites solid growth, 4.4% unemployment, and resilient earnings as supports.
  • She notes consensus S&P 500 targets in the mid-7000s.
  • She says mega-cap tech must continue to deliver due to its large index weight.
  • She expects a slow broadening out across other sectors.
  • She says the bond market is calm and rate cuts toward a 3% neutral rate would support equities.
  • She does not see the market as overly exuberant despite speculation in options, silver, and unprofitable tech.
Ideas
Elizabeth Evans Managing Partner, Evans May Wealth 0:26
Soft landing supports higher S&P 500
She expects a positive setup for U.S. equities in 2026 after a 2025 soft landing. Solid growth, 4.4% unemployment, resilient earnings, and the prospect of Fed rate cuts toward a roughly 3% neutral rate should support equities moving higher, with consensus S&P 500 targets in the mid-7000s.
SPY HIGH
Elizabeth Evans Managing Partner, Evans May Wealth 0:43
Mega-cap tech must keep delivering
Mega-cap tech must continue to deliver because it represents such a large part of S&P 500 market cap. She frames this as a key dependency for the index to reach consensus targets, while also expecting some broadening beyond mega-cap tech.
Mega-Cap Tech MED
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This CNBC video, published January 15, 2026, features Elizabeth Evans discussing SPY, Mega-Cap Tech. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Elizabeth Evans  · Tickers: SPY, Mega-Cap Tech