Q3 2026 Market Recap: Energy Up, Utilities Crushed, and Software Flipped | The Weekly Wrap

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On this episode of The Weekly Wrap, Steve Eisman delivers a comprehensive Q3 2026 market breakdown. He discusses why energy was the best performing sector, why utilities got crushed, and why the SAASpocalypse narrative flipped. Steve also acknowledges that over 65% of the S&P 500 is now a single bet on AI and closes with updates on FICO and Glass House Brands.

00:00 - Intro

01:53 - War in Iran, Interest Rates, & Oil Prices

02:38 - Snapshot of the Economy & Key Weaknesses Emerging

04:27 - An Analysis of the Third Quarter

18:06 - Why I Covered FICO & Sold Glass House Brands

19:02 - Mailbag: Diversifying Away From AI

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