2026 Outlook: Rates, Tariffs, and Where Markets Go Next

ETF.com Senior Analyst Sumit Roy sits down with Brian Jacobsen, Chief Economic Strategist at Annex Wealth Management, to unpack the biggest macro themes investors need to understand as 2026 begins. They discuss whether tariffs and the unusual “low hire, low fire” job market were the defining stories of 2025, how much room the Fed has after last year’s rate cuts, why economic growth proved more resilient than expected, and what the bond market is really saying about inflation and debt. 

The conversation wraps with a look at stocks after another strong year for the S&P 500, and where investors may still find opportunity in the year ahead.