Summary: In this episode of Wealth on the Move, host Will Hoffman and guest Bill Mann, Chief Investment Strategist at Motley Fool Asset Management, discuss the annual outlook for 2026. They reflect on the unpredictable nature of market predictions, the impact of political policies on the economy, and the importance of understanding market concentration, particularly in technology. The conversation also covers the Federal Reserve’s role in managing interest rates and employment, the challenges facing middle America, and strategies for investors to prepare their portfolios for economic changes. Additionally, they explore geopolitical considerations and the need for Europe to reset its economic policies. In this conversation, Bill Mann and Will Hoffman explore various economic themes, including surprising GDP statistics from unexpected states, the potential of emerging markets, and the ongoing revolution in AI. They discuss the implications of infrastructure challenges on market dynamics, identify promising sectors for investment, and anticipate potential black swan events that could impact the economy in 2026. The conversation concludes with strategic advice for investors and recommendations for influential voices in finance.

Resources:

• Bill’s Monthly Newsletter
• Bill Mann on X

Takeaways:

• Every firm does an annual outlook, including Hoffman Wealth Management.
• Bill Mann emphasizes the unpredictability of CEO predictions.
• The market doesn’t recognize the calendar; financial planning is year-round.
• Motley Fool Asset Management aims to support individual investors during market stress.
• The name ‘Motley Fool’ reflects a tradition of truth-telling in finance.
• 2025 was marked by significant economic shifts due to political policies.
• Market concentration in technology raises concerns for future stability.
• Interest rates and employment are key focuses for the Federal Reserve.
• The economy is bifurcated, with disparities between financial markets and middle America.
• Investors should consider value-driven and momentum strategies in their portfolios. Germany’s economic performance is surprising compared to smaller US states.
• Emerging markets like Brazil and Korea present unique investment opportunities.
• AI adoption is still in its early stages, akin to the internet boom.
• AI is reshaping job markets, creating new roles while enhancing existing ones.
• Infrastructure development in the US faces significant challenges and delays.
• Investors should focus on high-quality companies with growth potential.
• Japan’s market may outperform others in the coming year.
• Black swan events, like geopolitical tensions, could disrupt markets.
• Investors should reassess their portfolios for quality and alignment with beliefs.

Connect with Will Hoffman: 

• Hoffman Wealth Management
• (724) 522-5411
• will@hoffmanwealth.com
• LinkedIn: Will Hoffman 
• Facebook: Hoffman Wealth Management 
• YouTube: Hoffman Wealth Management