On Financials, Earnings & Distributed AI

Various Trump administration initiatives have showered love on certain industries in the S&P 500 Financials sector, helping to lift its ytd performance to fourth among the S&P 500’s 11 sectors. Jackie counts the ways they’ve benefited. … Also: A select few S&P 500 industries appear headed for dramatic earnings turnarounds next year. Read on for a peek at particular industries’ earnings growth prospects in 2026 relative to their 2025 forecasts. … And: “Look, Mom, no data centers!” A new way to train and run AI at much lower cost, but also less speed, is under development. Distributed AI is certainly an area to watch.