Mar 24, 2026 · 40 min · 10 segments
**The Tactical Edge Podcast with Raj Bhuyan returns at a critical moment —when markets, geopolitics, and policy are colliding in ways that could reshape portfolio outcomes for years to come.** In…
And it looks like this year is going to be a quite interesting year to say the least.
So much so that we think this is a good time to talk about portfolio construction during tenuous times.
we've had a chance to take a look at a number of portfolios from other firms in recent months.
And for the most part, we're not on the same page with a lot of those construction methodologies.
So we thought this would be a good time for us to use the current environment to delineate our approach from what is generally out there.
We do have this approach and this desire to narrow that gap between what folks out there will generally want and what's generally available in the wealth management space today.
Now, with all of this news coming to the forefront over the past number of weeks out of the Middle East, I'm using news at high level on purpose at this stage, we're going to have politicians and policymakers have the power, quote unquote, to really move markets.
And what the market's going to try to do is try to decipher what's real and what's not real, because it doesn't mean if it's said that it is actually happening.
And here's a great quote, of course, the infamous quote from Jean-Claude Juncker, who was the prime minister of Luxembourg, also spent some time in the European Commission for a number of years.
And during the 2011 Greek bailout by the European Union, he stated infamously, when it becomes serious, you have to lie.
And kind of related, I'm not necessarily saying it is totally related, is from Chairman Powell last week in the FOMC press conference Q&A section where he stated, when we use the term stagflation, I always have to point out that that was a 1970s term at a time when unemployment was in double figures and inflation was really high.
And that statement kind of makes me think, you know, if you have someone in your social orbit who says, hey, I'm not a jerk, that means they're probably a jerk.
And if a Fed chair says, hey, this is not the 1970s, there's nothing to see here, that means it probably is.
In fact, episode two, three, and even four, we went into length about the analog with the 1970s.
And we even stated back at the time last November, we believe the period going forward could be the most difficult in a generation.
Well, the reason why we're bringing this up is because we were talking back then about a triple threat.
Well, now we've got a quadruple threat or let's be a little nicer and call it a historical convergence of four major factors.
And it looks like this year is going to be a quite interesting year to say the least.
So much so that we think this is a good time to talk about portfolio construction during tenuous times.
we've had a chance to take a look at a number of portfolios from other firms in recent months.
And for the most part, we're not on the same page with a lot of those construction methodologies.
So we thought this would be a good time for us to use the current environment to delineate our approach from what is generally out there.
We do have this approach and this desire to narrow that gap between what folks out there will generally want and what's generally available in the wealth management space today.
Now, with all of this news coming to the forefront over the past number of weeks out of the Middle East, I'm using news at high level on purpose at this stage, we're going to have politicians and policymakers have the power, quote unquote, to really move markets.
And what the market's going to try to do is try to decipher what's real and what's not real, because it doesn't mean if it's said that it is actually happening.
And here's a great quote, of course, the infamous quote from Jean-Claude Juncker, who was the prime minister of Luxembourg, also spent some time in the European Commission for a number of years.
And during the 2011 Greek bailout by the European Union, he stated infamously, when it becomes serious, you have to lie.
And kind of related, I'm not necessarily saying it is totally related, is from Chairman Powell last week in the FOMC press conference Q&A section where he stated, when we use the term stagflation, I always have to point out that that was a 1970s term at a time when unemployment was in double figures and inflation was really high.
And that statement kind of makes me think, you know, if you have someone in your social orbit who says, hey, I'm not a jerk, that means they're probably a jerk.
And if a Fed chair says, hey, this is not the 1970s, there's nothing to see here, that means it probably is.
In fact, episode two, three, and even four, we went into length about the analog with the 1970s.
And we even stated back at the time last November, we believe the period going forward could be the most difficult in a generation.
Well, the reason why we're bringing this up is because we were talking back then about a triple threat.
Well, now we've got a quadruple threat or let's be a little nicer and call it a historical convergence of four major factors.
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