Pickers Market

In this episode, we break down alternatives investing, including private markets, and highlight Gradient Investments new Private Wealth Series. We explain why Gradient introduced this offering, how it expands access to alternative strategies, and what makes it different from other options available today. You’ll hear what problems alternatives are designed to solve, how they can complement traditi...

In this episode, we explore what history suggests about year-four market performance, how past multi-year rallies have typically unfolded, and why historical context still matters—even when the future never looks exactly the same. We also examine Wall Street’s modest return expectations for 2026, revisit seasonal market myths like “as January goes, so goes the year,” and discuss what early earning...

After three consecutive strong market years—2023 (+26%), 2024 (+24%), and 2025 (+17%)—investors are asking the uncomfortable question: can markets really keep going? In this episode, we revisit the turbulence of 2025 month by month and explore what it may be signaling for 2026. From fragile consensus beliefs and crowded positioning to AI bubble fears, policy uncertainty, and geopolitical flashpoin...

In this holiday special, we break down the biggest market surprises, key investing lessons, and what clients are asking as we head into 2026 - then switch things up with a festive chat, sharing our holiday plans, family traditions and favorite foods. Join Keith Gangl, Kyle Bergacker, Lisa Schreiber and special guest Mike Binger for the Pickers Market Holiday Special! This is our final episode of 2...

This week, we break down the upcoming Federal Reserve decision as markets price in a 90% chance of a 25 bps cut. We cover what’s already priced in, what could still surprise investors and what matters for the markets. We round things out with a bit of Minnesota winter talk — the cold, the snow, and the everyday quirks that come with living through a season that tests even the toughest Midwesteners...

Tyler Ellegard is the President of Gradient Advisors, LLC (Arden Hills, MN 877-885-0508), an SEC Registered Investment Advisor. Gradient Advisors, LLC and its advisors do not render tax, legal, or accounting advice. All matters discussed during the show are for informational purposes only. Each individual situation will vary, and the opinions expressed here may not apply to everyone. All ideas and...

Welcome back to Picker’s Market! In the spirit of Thanksgiving week, we’re running lighter volumes today… but only because Kyle brought a pie and we’re all in a food coma already. Join Keith Gangl, Kyle Bergacker, and Lisa Schreiber for a festive Thanksgiving-week edition of the Picker’s Market — complete with market myths, holiday consumer spending insights, and a finance-flavored dinner table sh...

Nvidia steps into the spotlight as investors brace for another massive earnings report — with expectations of $1.25 EPS and $55B in revenue. We break down what matters most: growth, capex cycles, and whether the AI demand story has more room to run. Plus, the Fed enters the chat with rate-cut odds now looking like a true coin flip. What does it all mean for markets? Keith Gangl, Kyle Bergacker, an...

Dive into one of the most fascinating — and controversial — themes in markets right now: AI circularity. As Big Tech keeps breaking earnings records, a new question is emerging — is all this AI spending fueling innovation… or just creating a closed money loop between the tech giants? With record Q3 earnings and billion-dollar AI partnerships making headlines, investors are wondering: Is this the n...

Dive into one of the most talked-about themes in markets right now — the “bubble talk.” With headlines dominated by warnings from big names of Wall Street, investors are asking: Is the AI and Big Tech rally running on fumes — or just catching its breath? We’ll unpack what’s behind the latest wave of bubble fears and what Big Tech’s latest earnings tell us about market fundamentals. Join Keith Gang...

Dive into one of the biggest weeks for markets with us. With a Fed rate cut likely and the biggest names in tech — Meta, Microsoft, Alphabet, Amazon, and Apple — set to report their quarterly earnings, this could be the make-or-break moment for market momentum. We’ll unpack what a Fed cut really means without fresh jobs data, whether AI spending is living up to the hype, and why investors are star...

Dive into the latest market hot topics! From the dominance of mega-cap stocks to the ongoing government shutdown, and earnings surprises that could shake the market — we break it all down. Plus, hear why Jamie Dimon’s “cockroach” warning has investors paying attention. Stay informed, stay ahead. Join Keith Gangl, Kyle Bergacker and Lisa Schreiber for a take on mega-caps, market risks, and earnings...

The team dives into gold’s record-breaking run past $4,000 an ounce. They unpack what’s driving the rally, how central banks are reshaping global reserves, and whether gold’s momentum can continue — or if it’s due for a pullback. Plus, a look at gold vs. Bitcoin and how investors can think about safe-haven assets in today’s markets. Join Keith Gangl, Kyle Bergacker, and Lisa Schreiber for markets,...

Lisa is back from vacation and kicks things off with a recap of her trip – plus her perspective on the Elite Advisor Forum. From there, the team dives into the government shutdown, how it compares to past shutdowns, and what it could mean for market performance in the weeks ahead. More importantly, we discuss how the lack of economic data could complicate the Federal Reserve’s next interest rate d...

The Gradient Investments Elite Advisor Forum was held last week and the team recapped the conference and the keynote speakers that were in attendance. The team then broke down the Federal Reserve’s interest rate cut and the implications that could have on mortgage rates and the future of the housing market. Join Tyler Ellegard, Keith Gangl, Kyle Bergacker, and David Aamot for markets, insights, an...

The Fed takes center stage as markets price in an almost certain September rate cut. The team breaks down what’s driving expectations, how the labor market is shaping the Fed’s path forward, and what sectors could shine—or lag—in an easing cycle. Join Tyler Ellegard, Keith Gangl, Kyle Bergacker, and Lisa Schreiber for markets, insights, and a little fun.

The idiom of don’t fight the Fed has returned. The team discusses the weak jobs report and the markets positive reaction to the release, the impact the CPI report could have on future rate cuts, and a new segment called “The Watchlist”. Join Tyler Ellegard, Keith Gangl, Kyle Bergacker, and Lisa Schreiber for markets, insights, and a little stock picking fun.

September and October are the spookiest months for stocks. We unpack the September Effect, why October can both scare and reward, and what investors should do instead of sitting out. Join Tyler Ellegard, Keith Gangl, Kyle Bergacker, and Lisa Schreiber for markets, insights, and a little fall fun. In this episode: • The September Effect — why stocks often stumble in September • Jobs reports, Fed mo...

ETFs now outnumber stocks — innovation or overload? We break down what this means for investors, plus preview Nvidia’s highly anticipated earnings. Join Tyler Ellegard, Keith Gangl, Kyle Bergacker, and Lisa Schreiber for markets, insights, and a little fun.

On Episode 69 of the Pickers Market, Tyler Ellegard, Keith Gangl, Kyle Bergacker, and Lisa Schreiber break down an earnings season where companies beating and raising guidance barely moved higher, while any misses were punished harshly. We also discuss why the market reacts this way, how impressive the broad strength in earnings has been despite tariffs and a weakening consumer, and finish with a...

On Episode 68 of Picker’s Market, Tyler Ellegard, Keith Gangl, Kyle Bergacker, and Lisa Schreiber kick things off with some fun around Taylor Swift’s newly announced album, The Life of a Showgirl, before diving into a deep look at market concentration. We break down just how dominant the top 7 and top 5 stocks are compared to the other 493 in the S&P 500—and even the Russell 2000. Then we turn...

On Episode 67 of Pickers Market, Tyler Ellegard, Keith Gangl, and our summer interns Sam Rathmanner and Tony Yocum mix college chatter with market analysis. We kick things off with Sam’s plans for sophomore year and Tony gearing up for his senior year before diving into Friday’s jobs report and the big downward revisions to prior months. From there, we break down the shifting market expectations f...

In Episode 66 of Picker’s Market, Tyler Ellegard, Keith Gangl, Kyle Bergacker, and Lisa Schreiber kick things off with a quick recap of summer so far before diving into a heated discussion on U.S. tariffs. The team breaks down the potential effective tariff rate, what it means for markets, and how investors should think about the long-term implications. They also explore whether increased tariff r...

On Episode 65, Kyle Bergacker, Tyler Ellegard, Lisa Schreiber, and Keith Gangl continue on the topic of earnings season – now that we’re about a quarter through – along with sector rotations, outsized moves, and our read on the economy into the second half of the year, along with much more!

On Episode 64, Tyler Ellegard, Kyle Bergacker, Lisa Schreiber, and David Aamot discuss the start of earnings season and thoughts around the companies who have reported, sectors that have quietly outperformed the market so far this year, recap last weeks conversations on Prime Day, and much more!