I aim to provide alpha-generating investment ideas. I am an independent investor managing my family's portfolio, primarily via a Self Managed Super Fund. You can expect my articles to deliver a clearly structured, evidence-based thesis.I have a generalist approach as I explore, analyze and invest in any sector so long there is perceived alpha potential vs the S&P500. The typical holding period ranges between a few quarters to multiple years.A bit about how I approach research and coverage of a stock:I build ...

Group 1 - The AI supercycle is driving demand for data centers, which require significant electricity consumption [1] - A major barrier to rapid growth in this sector is the lack of energy sovereignty [1] Group 2 - The analysis emphasizes the importance of combining macro-economic analysis with real-world trading experience to identify profitable investment opportunities [1]

Core Viewpoint - Shares of Palantir (NASDAQ:PLTR) have been declining recently despite positive developments, including a significant deal with Hyundai of South Korea valued at "hundreds of millions" [1] Group 1 - Palantir's stock performance has been under pressure in recent weeks [1] - The company has secured a major contract with Hyundai, which is expected to contribute significantly to its revenue [1]

Group 1 - Real estate has recently outperformed the S&P 500, becoming one of the top-performing sectors, surpassing technology and semiconductors [1] - This shift in performance comes after a period where real estate lagged behind during the AI supercycle [1] Group 2 - The article does not provide specific financial data or metrics related to individual companies or broader industry trends beyond the performance comparison [2][3] - There is no mention of specific investment strategies or recommendations related to the real estate sector in the provided content [2][3]

Core Insights - The article emphasizes the importance of accessing comprehensive reports, data, and investment ideas in the aerospace, defense, and airline sectors through The Aerospace Forum, which is highlighted as a leading investment research service on Seeking Alpha [1]. Group 1: Analyst Background - Dhierin-Perkash Bechai is identified as an analyst specializing in aerospace, defense, and airline sectors, with a background in aerospace engineering, which enhances the analysis of this complex industry [2]. - The goal of The Aerospace Forum is to uncover investment opportunities within the aerospace, defense, and airline industries, indicating a focus on growth prospects [2]. Group 2: Analytical Approach - The analysis provided by the forum is data-driven, suggesting that investment ideas are informed by thorough data analysis, which is crucial for understanding industry developments [2].

Group 1 - Centrus Energy is focusing on expanding its capabilities in the nuclear fuel market, particularly in the production of high-assay low-enriched uranium (HALEU) [1] - Oklo Inc is advancing its small modular reactor technology, which aims to provide a more efficient and sustainable energy solution [1] - Constellation Energy Corp is enhancing its renewable energy portfolio, with significant investments in solar and wind projects to meet growing energy demands [1] Group 2 - The nuclear energy sector is experiencing renewed interest due to increasing energy prices and the need for low-carbon energy sources [1] - The market for small modular reactors is projected to grow significantly, driven by technological advancements and regulatory support [1] - Renewable energy investments are expected to rise as companies seek to align with sustainability goals and government incentives [1]

Core Insights - The infrastructure required for AI operations is extensive, including power, connectivity, temperature control, advanced AI chips, and specialized data center structures [1][2][4] - Significant investments are being made by major tech companies like Meta and Microsoft to build AI data centers, with projections indicating that AI spending will exceed $2 trillion in 2026 [2][3] - While large tech firms are currently benefiting from AI advancements, there is potential for lesser-known suppliers and service providers to emerge as key players in the AI supercycle [4][6] Investment Opportunities - Companies involved in the construction and supply of AI infrastructure are positioned to capitalize on the ongoing AI boom, as major players are willing to invest heavily in these projects [4][9] - The past year has seen substantial gains for companies like Alphabet and Nvidia, indicating a strong market response to AI developments [5][6] - The AI supercycle is expected to continue beyond 2026, with infrastructure development being a critical factor for future growth [6][11] Market Performance - Major tech companies have seen moderate stock performance recently, with Microsoft up 12%, Amazon up 6%, and Meta up 5% over the past year [7] - Historical context suggests that companies investing heavily in new technologies may not always see immediate returns, as seen during the early internet era [8][9] - The long-term success of companies that effectively support AI infrastructure could lead to significant financial rewards, especially those that create recurring revenue streams [11]

Core Insights - The AI buildout is creating a supercycle that necessitates substantial power-generation and infrastructure, which is currently insufficient globally [1] Group 1: Industry Impacts - The demand for electricity, semiconductors, and other resources is increasing due to the AI supercycle [1] - There is a notable challenge in securing the necessary infrastructure to support the growing needs of the AI sector [1]

Core Insights - The article discusses the professional background of A. B. Goodman, highlighting his qualifications and roles in the legal and financial sectors [1]. Group 1: Professional Background - A. B. Goodman is a licensed attorney and an arbitrator in securities industry dispute resolutions [1]. - He has authored articles on current issues and is also a novelist, with a forthcoming thriller titled "The Bank" [1]. - Goodman holds a B.A. in history and economics from Emory University and a Juris Doctorate from UCLA Law School [1]. - He is a member of the Bar and is licensed to practice law in multiple jurisdictions [1]. - His career includes prosecuting cases for clients and judging claims as a neutral arbitrator for the National Futures Association (NFA) and the Financial Industry Regulatory Authority (FINRA) [1].

Investment Rating - The report maintains a positive outlook on global equities into 2026, particularly emphasizing the U.S. AI Supercycle as a key investment theme, with a target for the S&P 500 at 7,500 by year-end 2026 [5][27][28]. Core Insights - The year 2026 is expected to be characterized by uneven monetary policies, rapid AI adoption, and increasing polarization in equity markets, particularly between AI and non-AI sectors [5][7]. - Global growth is projected to remain resilient, supported by monetary and fiscal easing, with GDP growth expected to be 2.5% in 2026, slightly down from 2.7% in 2025 [14][27]. - Inflation dynamics in the U.S. are anticipated to remain sticky, with core PCE expected to be 3.1% [14][27]. - The Federal Reserve is expected to implement selective easing, with two further 25 basis point cuts anticipated in December 2025 and January 2026 [15][32]. - The report highlights diversification opportunities in the Euro area, China, and emerging markets, driven by fiscal stimulus and healthy corporate balance sheets [27][28]. Summary by Sections Economic Outlook - The global economic outlook for 2026 is projected to be resilient, with a GDP growth forecast of 2.5% and a slight decrease in inflation to 2.8% [14][27]. - The U.S. economy is expected to maintain a growth rate of 2.0%, while the Euro area is projected to grow at 1.3% [14][27]. Monetary Policy - The report anticipates further easing from the Federal Reserve, with a focus on selective cuts across developed markets [15][32]. - The Fed is expected to pause after delivering 50 basis points of cuts, with a target for the 10-year Treasury yield at 4.25% by mid-year 2026 [32]. Equity Markets - The report remains positive on global equities, particularly in sectors benefiting from AI, with a target for the S&P 500 at 7,500 by the end of 2026 [27][28]. - There is a noted polarization in equity markets, with a divergence between AI and non-AI sectors [5][7]. Fixed Income - The report suggests a range-bound yield environment for developed market rates, with a focus on tactical carry trades in Euro rates [32][33]. - The outlook for U.S. high-grade credit is positive, with expectations for outperformance in the Euro high-grade market [33]. Commodities - A bearish outlook on oil is maintained, with Brent prices expected to average $58 in 2026, while a bullish outlook for gold targets $5,000 per ounce by 4Q26 [34].