Yesterday's Winning Stocks Becoming Tomorrow's Losers? And Vice-Versa? | Chance Finucane
Chance Finucane warns that the S&P 500's free cash flow multiple has stretched to nearly 30x (vs. 20x historical average) as big tech spends heavily on AI with uncertain returns, positioning 2026 as a likely year of rotation from overvalued hyperscalers toward commodities and diversified sectors with significant volatility expected.