Month: March 2026
Sector Rotation, AI Spending, and What Market Momentum Is Telling Us with Miles Clark (Ep. 93)

Sector Rotation, AI Spending, and What Market Momentum Is Telling Us with Miles Clark (Ep. 93)

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Markets can feel calm on the surface while powerful shifts happen underneath. Are recent pullbacks a warning sign, or simply part of a broader rotation?

In this episode, Robert Curtiss welcomes back Miles Clark of Nasdaq Dorsey Wright to break down sector rotation, weakening tech leadership, and renewed strength in international equities. They explore how momentum strategies respond to shifting trends, why AI spending faces rising scrutiny, and what participation indicators reveal beneath flat index performance. 

The conversation also covers sentiment signals, precious metals, crypto volatility, and the importance of selecting the right benchmark.

Miles shares key insights:

  • Why six sectors now outperform the S&P 500 after years of narrow tech leadership
  • How momentum strategies adapt when former winners begin to weaken
  • What sentiment data suggests when bears begin to outnumber bulls
  • The impact of massive AI infrastructure spending on tech valuations
  • Why benchmark selection matters more than chasing index headlines
  • And more!

Resources:

Educational videos (bottom of the page)

 

Connect with Miles Clark :

Connect with Robert Curtiss:

 

About Our Guest:

Miles currently works as a Research Analyst for Nasdaq Dorsey Wright (DWA), a boutique investment advisory and asset management division of Nasdaq focused on providing quantitative strategies to Wall Street and professional money managers globally. Since 1987, DWA has been a recognized expert in relative strength and momentum through the application of Point & Figure (XO) charting, as well as a thought leader in tactical portfolio construction.

Miles joined the DWA team as an intern in 2021 and now creates technical-based analysis and client-facing research in the firm’s Daily Market Analysis segment, with more focused coverage in the communication services, industrials and cryptocurrency spaces. Other areas of involvement to note include supplementing broad-based technical indicator and research projects and the creation of weekly media distributed to prospective clients.
Private Markets and Long-Term Investing with Chris Schelling, CAIA (Ep. 92)

Private Markets and Long-Term Investing with Chris Schelling, CAIA (Ep. 92)

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Long-term investing can feel more difficult when headlines are loud and markets seem unpredictable. 

What happens when investors stop reacting to daily noise and start thinking like institutions that plan decades ahead?

In this episode, Robert Curtiss welcomes Chris Schelling, CAIA, Managing Director at Aksia, to explore how private markets have shaped institutional portfolios and why some individual investors may now gain access to approaches like those used by institutions, depending on account type, regulatory eligibility, and minimum investment requirements. They break down private equity, private credit, liquidity planning, diversification across vintages, and the importance of manager selection. 

The conversation also touches on volatility, long-term return expectations, and what advisors and investors should look for when evaluating alternative investments.

Key takeaways:

  • How institutional investors approach private markets — and what does that mean for access and implementation for individual investors with long-term horizons and diversified portfolios
  • Why private equity and private credit returns differ from public markets over multi-year periods
  • The role of liquidity planning and why private investments are not truly locked up for a decade
  • Why manager selection matters more in private markets than in public equities
  • How simplified structures have made private investments easier for individual investors to access
  • And more!

Resources:

Connect with Chris Schelling:

Connect with Robert Curtiss:

About Our Guest:

Chris Schelling is an investor, advisor, and published author. With degrees in psychology, business, and finance, Chris is an expert at incorporating insights from behavioral finance into investment decision-making. During his 20+ year tenure in the investment industry, building portfolios, mostly focused on alternatives, Chris has met with over 4,000 managers and allocated roughly $7 billion, generating top quartile to top decile returns across hedge funds, real assets, private credit, and private equity.

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