For the last decade, equity markets have witnessed unprecedented outperformance from the tech-focused companies with the largest market capitalizations. These companies’ dominant returns have created a flywheel in which an increasingly concentrated group of companies increasingly dominate major markets and market indices. | Read more >
Data centers have changed the game, stressing existing systems and structures and—at times—creating some less-than-desirable outcomes. | Read more >
Are equities overvalued? Broad-market assessments paint with a wide brush, given the heterogeneous composition of the equity market, but high-yielding stocks look quite different than the broad market. Our research shows that the high-yielding group’s consistent valuation and return profile may offer investors a repeatable model for growth. | Read more >
A focus on growth has shifted to the potential disruption caused by AI advancement. In an age of disruption, companies with a lower P/E may offer a margin of safety to investors that is essentially a hedge against the unknown. | Read more >
The US nuclear industry is undergoing its most significant shift in decades. This rapidly changing environment will likely generate a broad set of opportunities for investors including the contracting of existing nuclear facilities, restarts, traditional development, and small modular reactor development. | Read more >
Ultimately, the high Magnificent 7 weight within value portfolios creates the illusion of diversification while heightening exposure to market concentration risks. We see this as a unique opportunity for investors to revisit overall portfolio diversification and to ensure each product is meeting its stated philosophy, investment universe, and portfolio objective. | Read more >
In 2025, the pharmaceutical industry has become a prime focus of the Trump administration’s healthcare reform agenda. We break down the major threats—where they stand today, and what we’re watching next. | Read more >
An ever-expanding list of factors to juggle has cast a tremendous amount of uncertainty on inflation and interest rate trajectories. | Read more >
While there have been several headlines recently about the impact of lower crude prices on oil production, we believe there are many tailwinds for increasing natural gas production. | Read more >
Both buybacks and dividends can help boost total equity returns. As investors ponder the uncertain environment, a key question is: What is more likely to grow going forward, dividends or buybacks? | Read more >
