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    Blogs

September 23, 2026
Emerging Markets: Why Waiting for Certainty Could Be Costly

Emerging markets have significantly evolved in recent years and offer a more compelling risk/reward setup than in the past. From deeper local markets to world-leading companies, EM presents a stronger opportunity than geopolitical volatility suggests.

September 15, 2026
Energy Hedges the AI Trade

While the AI trade absorbs nearly all available investor attention, owning energy covers our absolute risk while creating the risk budget to cover the AI relative risk more effectively.

September 9, 2026
AOR Update: Are Higher Rates a "Real" Problem?

Higher yields appear less threatening when viewed against the resilient economic and earnings backdrop along with the green ClearBridge U.S. Recession Dashboard.

August 28, 2026
Health Care’s Next Act: R&D Tailwinds Emerging

Drug development appears to be stabilizing, as improving biopharma funding and healthier demand create a more constructive backdrop for contract research organizations and life science tools companies.

August 3, 2026
Beyond Silicon Valley: Where AI Value Is Really Created

Many companies supplying scarce, high demand AI infrastructure are based in emerging markets, creating a differentiated route into AI growth through scale, consolidation and pricing power.

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.

Related Perspectives

Crude Helped, Chips Hurt
Value 3Q26: We are maintaining measured exposure to AI leaders while emphasizing diversification among attractively valued, durable businesses in overlooked sectors.
Disciplined Approach to AI Provides Resilience
Large Cap Growth 3Q26: The Strategy’s focus on quality and valuation proved beneficial in a volatile period for higher beta growth stocks.
Diversification More Important Than Ever
Dividend Strategy 3Q26: We are maintaining measured exposure to AI leaders while emphasizing diversification among attractively valued, durable businesses in overlooked sectors.
Momentum is Meeting Resistance
Appreciation 3Q26: Strong earnings growth continued to support equities, but sticky inflation, rising interest rates and deteriorating market breadth made the rally increasingly vulnerable.
Moving Up the Quality Curve
Large Cap Value 3Q26: We emphasized higher-quality franchises while maintaining our valuation discipline amid narrow, speculative AI-led market leadership.
The Long View: Love at First Hike? It Could Be
The economy enters today’s prospective hiking cycle from a position of strength.
AI Leaders Persevere Through Drawdown
Emerging Markets 3Q26: Our semiconductor holdings have come through July selloff with fundamentals intact and should continue to deliver strong operational and financial results.
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