Ben like your work and yes you did waste too much time on SOC. I made a few $ shorting it and glad to get out of the way of its move recently. I really think small and micro value and to some degree small growth will be the play in 2026. It doesn't take much to move them and some do benefit from lower rates. MAGA will benefit these plays as well since they are US centric. Infrastructure will have another good year. Think the precious metals will have another good year, but will be prone for a pull back that will shake people out. GDX and GDXJ are the best plays. The big short will be the MAG & and if not down 10% They will under perform. That is definitely a place to avoid. Last VZ is going to be a problem for the administration in 2026. This is medusa all over again. Chop one head off but there are lot more to chop. Trump will get bogged down on that. Lastly Cannabis will be a huge winner next year. Very much a wild card. Good luck and be flexible since it will be a very interesting year.
GDX and GDXJ will both work. I'm partial to the silver miners, and miners that are actually juniors, but they don't end up in the ETFs, even for SIL and SILJ. SILJ for example has like half of their assets in Wheaton, Pan American, Couer, Fresnillo, and Hecla, many of which aren't even primarily silver producers.
Interesting and well written article. I have added some longer duration emerging market bonds and remain bullish on components of real estate. I think Trump Will succeed in bringing down rates and inflation which may be bond bullish which is probably the most contra idea for 2026. Good luck in the new year
I’m not sure how he will get long term rates down, but inflation (at least the way CPI is measured) could come down.
I can understand owning bonds for a trade, but on a real basis, people holding Western bonds to maturity are the suckers at the card table. Emerging market bonds are a different ballgame because of where rates are and then what your view might be on the currency vs the dollar.
Real estate will be fine in some areas, but in others we are just starting to see prices come down as supply comes on, and that’s a multiyear process. Good luck to you as well in 2026.
My thought is if rates don't come down other stuff will probably fall until bonds become kosher again. Could be wrong but I like owning some more risk reward given current market uncertainty-shenanigans.
Ben like your work and yes you did waste too much time on SOC. I made a few $ shorting it and glad to get out of the way of its move recently. I really think small and micro value and to some degree small growth will be the play in 2026. It doesn't take much to move them and some do benefit from lower rates. MAGA will benefit these plays as well since they are US centric. Infrastructure will have another good year. Think the precious metals will have another good year, but will be prone for a pull back that will shake people out. GDX and GDXJ are the best plays. The big short will be the MAG & and if not down 10% They will under perform. That is definitely a place to avoid. Last VZ is going to be a problem for the administration in 2026. This is medusa all over again. Chop one head off but there are lot more to chop. Trump will get bogged down on that. Lastly Cannabis will be a huge winner next year. Very much a wild card. Good luck and be flexible since it will be a very interesting year.
GDX and GDXJ will both work. I'm partial to the silver miners, and miners that are actually juniors, but they don't end up in the ETFs, even for SIL and SILJ. SILJ for example has like half of their assets in Wheaton, Pan American, Couer, Fresnillo, and Hecla, many of which aren't even primarily silver producers.
Interesting and well written article. I have added some longer duration emerging market bonds and remain bullish on components of real estate. I think Trump Will succeed in bringing down rates and inflation which may be bond bullish which is probably the most contra idea for 2026. Good luck in the new year
I’m not sure how he will get long term rates down, but inflation (at least the way CPI is measured) could come down.
I can understand owning bonds for a trade, but on a real basis, people holding Western bonds to maturity are the suckers at the card table. Emerging market bonds are a different ballgame because of where rates are and then what your view might be on the currency vs the dollar.
Real estate will be fine in some areas, but in others we are just starting to see prices come down as supply comes on, and that’s a multiyear process. Good luck to you as well in 2026.
My thought is if rates don't come down other stuff will probably fall until bonds become kosher again. Could be wrong but I like owning some more risk reward given current market uncertainty-shenanigans.