Leaders at the Bell with Jon Najarian, Co-Founder at Market Rebellion, Nov 06, 2025

Jon Najarian, co-founder of Market Rebellion, projects continued market strength through year-end, forecasting the S&P 500 reaching 7,000 by December 31, 2025. He attributes this optimism to expected Federal Reserve rate cuts, criticizing Fed Chair Jay Powell for consistently moving too late on monetary policy—both when raising rates under the Biden administration and when eventually cutting them. Najarian anticipates the Fed will face internal pressure to cut rates in December and early 2026, despite Powell's reluctance, with speculation mounting about new leadership when Powell's term expires in May.

On Bitcoin, Najarian maintains his target of $135,000, noting active profit-taking by large holders between $105,000 and $126,000 has created resistance. He expects sideways trading until the new year, when increased institutional interest across multiple cryptocurrencies—including Ethereum, Solana, and Binance—should drive further gains. Regarding portfolio construction, Najarian advocates for 30-40 percent in ETFs with the remainder in options trading, emphasizing that options allow precise risk definition that even ETFs cannot provide. He recommends buying crude oil due to sustained demand as electric vehicle adoption disappoints, predicts ten-year Treasury yields falling toward 3 percent as dovish Fed policy takes hold, and focuses semiconductor investments on four leaders: Intel, NVIDIA, AMD, and Qualcomm.