Polcari: "Solidly In This Bull Market"

• The Dow Jones Industrial Average hitting 50,000 is a 'massive milestone', representing a 6200% increase since 1983, emphasizing the power of long-term investing.
• The recent market rally was broad-based, with small and mid-caps, industrials, and even consumer staples showing strong performance, indicating a healthy, broadening bull market.
• Tech's recent underperformance is seen as a 'natural digestion' and 'healthy' pullback, not a deterioration, with AI expected to create new opportunities in a 'new global economy'.
• Volatility is expected to be a feature of 2026 due to mid-term elections, with historical drawdowns of 15-19% presenting 'massive buying opportunities' for long-term investors.
• Energy is identified as a strong sector, with oil prices expected to trade in a 55-65 range, and economic data continues to point to a strong economy.

A market strategist discusses the Dow Jones Industrial Average reaching 50,000, highlighting its historical significance and the broadening market rally. He anticipates continued volatility and potential drawdowns in 2026 due to mid-term elections, but views these as buying opportunities, underpinned by strong economic fundamentals.