Markets in Early 2026: Concentration Risk, Earnings & Sector Dispersion

February 19, 2026
A man and a woman are speaking in a split-screen video call. The man has gray hair and a beard and is wearing a plaid shirt; the woman has long brown hair and is wearing a dark top. Market Misbehavior is written in the center.

Gina Martin Adams joined David Keller on The Market Misbehavior Podcast to discuss what is driving markets in early 2026.

They examine the shift away from large-cap growth leadership, how earnings season reshaped the outlook despite Q4 beats, and why financials are particularly important in the current environment. Gina also shares why 2026 may appear calm on the surface, while meaningful shifts are taking place underneath.

Watch the full conversation here: https://www.youtube.com/watch?v=MQn1q4Mmp4w

A woman with long brown hair wearing a blue blazer and a necklace smiles at the camera. The background is softly blurred with light and blue tones.

Gina Martin Adams, CFA, CMT

Chief Market Strategist, Shareholder

Gina Martin Adams, CFA, CMT, is the Chief Market Strategist for HB Wealth. With more than 25 years of experience at leading global financial institutions, Adams brings deep expertise in market analysis, thematic research, and translating complex economic trends into actionable strategies. She collaborates with HB Wealth’s investment team to deliver timely market perspectives, share actionable insights, and enhance the firm’s visibility as a leading voice in the industry. She contributes to advancing proprietary research, supporting the development of new investment products, and enhancing the client experience through thought leadership and education. She pursues a top-down perspective and model-based approach, leveraging fundamental, technical, and quantitative perspectives to inform investment decisions, and frequently presents her views in the media and at industry conferences, professional associations and investment organizations.

Read Full Bio

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