Nvidia’s earnings will test whether surging AI capex reflects a durable productivity cycle or an increasingly capital-intensive risk. With hyperscalers planning roughly $650 billion in 2026 investment, sector positioning hinges on balancing semiconductor momentum against cash-flow discipline.
Setting the Table for Nvidia Earnings: A Pivotal Test for the AI Economy Read More »
February 10, 2026 The market is trying to hold two truths at once: AI spending is still accelerating in the real economy, but investors are no longer willing to finance every AI narrative at any price. That tension is exactly what is playing out in financial earnings—for example, upstream demand signals (TSMC’s January momentum, firmer
Tactical Tuesday: Sector Positioning for the Current Late-Cycle Environment Read More »
We outline tactical opportunities from a longer-term perspective as 2026 starts with sector rotation towards pro-cyclical exposures.
Within ETFSector.com’s roughly 130-ETF universe, 2025’s laggards clustered in real estate, staples, software, and upstream energy as concentration favored AI infrastructure. These underperformers weren’t broken—just out of phase—setting selective rebound potential in 2026 if rates, breadth, or commodities turn improve.
Sector Investing in 2025: Bottom Performing Sector-Related ETFs of Last Year Read More »
December 9, 2025 Every market cycle has its rhythms, but few relationships are as reliable—and as frequently misunderstood—as the link between rising commodity prices and outperformance in the Energy and Materials sectors. Investors tend to treat commodities as macro noise or inflation signals, yet for the companies that extract, process, or transport those raw inputs,
November 12, 2025 Commodity markets have surged to multi-year highs in the near-term, signaling a broad-based reflation across the raw-materials complex. The Bloomberg Commodity Index (BCOM) is up roughly 9% year-to-date and gained more than 4% in the third quarter, reflecting strength across metals and precious commodities even as energy and agricultural segments remain mixed.
Commodity Prices Surge to Multi-Year Highs: What’s Driving the Rally and Who Benefits Read More »
November 4, 2025 After a relentless rally fueled by artificial intelligence enthusiasm, resilient corporate earnings, and a dovish monetary narrative, the mood across Wall Street has shifted toward unease. In the past week, several top banking executives, including Goldman Sachs CEO David Solomon and Morgan Stanley CEO Ted Pick, have warned that the U.S. equity
Why Investors Are Getting Nervous About a U.S. Equity Market Correction Read More »
October 28, 2025 Falling interest rates and restrained inflation have been a key context supporting the current equity bull market. A supportive Fed has guided rates lower in the absence of new inflation drivers which has been a boon to asset prices. Given our focus on potential interest rate risk, we wanted to talk about
A Note on Municipal Bonds: Can New York’s Ambitions Outrun Its Balance Sheet? Read More »
September 23, 2025 In 2025, financial markets have exhibited a striking divergence. Commodity-linked equities, particularly in the Energy and Materials sectors (chart below, top panel), have underperformed the S&P 500 and other major benchmarks despite inflation running above central bank targets. At the same time, global equity markets have rallied, even in the face of
Tactical Tuesday: Why are Commodities Linked Stocks So Weak Despite Inflation Concerns? Read More »
September 17, 2025 Global equities continue to print all-time highs with EM shares leading in the near-term, US shares leadership for the longer-term cycle and EAFE shares typically functioning as the lagging safe haven trade when the tape comes under pressure. At the sector level, the dynamic has been even more exclusive with Tech and
Tactical Report: What’s Wrong with Low Vol. Stocks? Read More »
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