Strategists
Strategist views, model positioning, and market commentary for advisor conversations.
Latest coverage
- PAJapan Is Back in the Investment Spotlight. Here’s What Investors Need to Know
Japan Is Back in the Investment Spotlight. Here’s What Investors Need to Know
Explore the case for investing in Japan, including economic reforms, inflation, interest rates, the yen and sectors that could benefit from future growth.
Guest Contributor
- PAWhy Higher Rates May Be Setting the Stage for New Stock Market Highs
Why Higher Rates May Be Setting the Stage for New Stock Market Highs
With recession risks contained, earnings expectations elevated, and valuations properly recalibrated with rates, we expect that within the fourth quarter… new highs are nigh!
David Waddell
- PABig Tech’s Human Rights Problem Is Becoming an Investment Risk
Big Tech’s Human Rights Problem Is Becoming an Investment Risk
Digital rights are increasingly recognised as human rights. Discover how Big Tech faces growing legal, financial and reputational risks over online safety and privacy.
Guest Contributor
- PAAI Agents Are Coming for the Middlemen. Here’s What Investors Need to Know
AI Agents Are Coming for the Middlemen. Here’s What Investors Need to Know
But every new technology eventually moves from the infrastructure phase into the application phase. We’re starting to see that with AI.
Stephen McBride
- PARising Yields Are Testing Stocks. Can the Economy Hold Up?
Rising Yields Are Testing Stocks. Can the Economy Hold Up?
There is more than a 5% difference in performance between the market cap-weighted index and its equal-weight counterpart since August 1st.
Stephen Kates
- PAThe Trading Strategy Tax: Why Your Investment Approach Now Has a Price Tag
The Trading Strategy Tax: Why Your Investment Approach Now Has a Price Tag
For firms running the most implementation-intensive strategies, a fourth cost layer has also emerged: custodian-imposed restrictions on the strategies themselves.
Guest Contributor
- PAFrom Mobile Money to Wealth Management: The New Opportunity in Emerging Market Banking
From Mobile Money to Wealth Management: The New Opportunity in Emerging Market Banking
The banking industry across the Emerging Market equity universe has been reshaped by technology, demographics and policy.
Guest Contributor
- PARising Bond Yields Are Changing the Stock Market Equation. Here’s What Investors Need to Know
Rising Bond Yields Are Changing the Stock Market Equation. Here’s What Investors Need to Know
Looking ahead, analyst expectations for companies to grow their earnings in 2027 appear relatively modest in our opinion.
Guest Contributor
- PAFrom Drug Discovery to Precision Oncology: Where AI Could Reshape Healthcare Investing
From Drug Discovery to Precision Oncology: Where AI Could Reshape Healthcare Investing
AI’s impact on diagnostics may be even more profound as it shifts the industry away from old hardware towards interlocking intelligent platforms.
Guest Contributor
- PAWhy Investor Optimism Wins: The Market’s Biggest Risk May Be Your Own Behavior
Why Investor Optimism Wins: The Market’s Biggest Risk May Be Your Own Behavior
A disciplined approach to market risk can help investors stay focused on long-term probabilities instead of reacting to fear, headlines, and short-term volatility.
Lance Roberts
- PAThe 5% Treasury Yield Is Back. Are Higher Rates Becoming the New Normal?
The 5% Treasury Yield Is Back. Are Higher Rates Becoming the New Normal?
This week showed an improved mix, but we’re far closer to the bearish high than the bullish one.
Stephen Kates
- PABerkshire Is Buying Airlines as Fuel Prices Soar. Here’s What It Sees.
Berkshire Is Buying Airlines as Fuel Prices Soar. Here’s What It Sees.
To be clear, Berkshire hasn’t walked away from oil. It still owns more than $30 billion of Chevron and Occidental, and Delta makes up just over 1% of its stock portfolio.
Frank Holmes
- PAThe Middle Is Disappearing: How AI Is Reshaping Jobs, Customers and Business Strategy
The Middle Is Disappearing: How AI Is Reshaping Jobs, Customers and Business Strategy
I had a prediction. September would reopen the gap. Companies would slow back down. I wrote it down and made you wait a month.
Guest Contributor
- PAAI Is Creating a New Cybersecurity Problem—and Potential Acquisition Targets
AI Is Creating a New Cybersecurity Problem—and Potential Acquisition Targets
That shift could make identity security one of the most important areas of cybersecurity, and thus one of the most lucrative investment opportunities this decade.
Malcolm Ethridge
- PAJapan Has Massive Government Debt. So Why Isn’t Inflation Out of Control?
Japan Has Massive Government Debt. So Why Isn’t Inflation Out of Control?
Let’s go to Japan and find out why an economy with seemingly every ingredient for runaway inflation has relatively tame inflation.
Michael P. Lebowitz
- PAThe Fed Raised Rates. So Why Aren’t Mortgage Rates Following?
The Fed Raised Rates. So Why Aren’t Mortgage Rates Following?
The paycheck side was less encouraging. Average hourly earnings increased 3.1 percent over the past year, while consumer prices rose 3.4 percent.
Guest Contributor
- PAThe Fed Raises Rates as Oil Tops $100: What It Means for Stocks and Investors
The Fed Raises Rates as Oil Tops $100: What It Means for Stocks and Investors
Stocks initially fell on the news before recovering, with the Nasdaq outperforming as AI-related shares rebounded from early-week weakness. Growth also outpaced value, and small-cap stocks lagged.
Stephen Kates
- PACorrelation and Volatility Aren’t Enough: The New Science of Portfolio Diversification
Correlation and Volatility Aren’t Enough: The New Science of Portfolio Diversification
Every commentator who has picked up this chart, and plenty have, reaches for the same conclusion: the 60/40 portfolio is broken, correlations have risen, diversification doesn't work like it used to.
Guest Contributor
- PAAI Is Scaring Everyone. Investors Should Be Watching the Balance Sheets
AI Is Scaring Everyone. Investors Should Be Watching the Balance Sheets
That was Monday. Over that same weekend, AI-linked stocks fell worldwide after leaders of the biggest AI labs warned about the risks of their own technology.
Frank Holmes
- PAHere’s Why Advisors Need Direct Indexing in Their Toolboxes
Here’s Why Advisors Need Direct Indexing in Their Toolboxes
For advisors who are new to direct indexing or those who are apprehensive about the strategy’s efficacy as client attraction/retention tool, further examination is warranted because those advisors may well get off the fence and join the direct indexing movement.
Todd Shriber





