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    Blogs

June 12, 2026
Orbit Shift: Sizing Up SpaceX and Mega IPOs

The company’s differentiated launch advantage makes SpaceX look less like an traditional aerospace contractor and more like today’s dominant platform companies when they were still defined by a single breakthrough capability.

June 1, 2026
AOR Update: Resilience

History shows that investors should not be scared off by the market’s recent strength, especially given a robust earnings foundation.

Related Perspectives

Value’s Lead Holds Through Growth Rebound
Value 2Q26: Growth and AI infrastructure led the second-quarter rebound, but value remained ahead year to date on cash flow durability and real asset exposure.
Gaining Flexibility in Shifting Growth Market
Large Cap Growth 2Q26: We believe benchmark changes, greater portfolio latitude and continued AI infrastructure leadership create a strong setup for the second half.
Narrow Market Full of Overlooked Value
Dividend Strategy 2Q26: With record market concentration despite uncertainty introduced by profound technological change, diversification is paramount.
High-Beta SMID Rally Downplays Quality
SMID Cap Growth 2Q26: An exceptionally strong growth rally favored speculative AI infrastructure, challenging quality-oriented strength in industrials and biotech.
Freight and Travel Rebound Lifts User-Pays Assets
Global Infrastructure Value 2Q26: Airports and toll roads rose as easing tensions laid the groundwork for an increase in global travel, while a freight recovery helped rail.
Rally Leaves Room for Reversal
Appreciation 2Q26: We would view a correction, even a reasonably sharp one, as healthy for the long-term durability of the bull market.
The Long View: Not a Straight Line
Although markets often pause to digest after large gains, history suggests these episodes usually prove fleeting, meaning major indexes could move higher in the second half of 2026.
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