Tim Seymour's 2026 'MIGA' Play: Global Market Opportunities

Global Market Outlook for 2026

• 🎯 The setup for the 'MIGA' (likely referring to a global investment strategy) play in 2026 is supported by a weaker dollar, which benefits investments in foreign currencies.
• ⚡ A weaker Fed (Federal Reserve) is also a positive factor, as emerging markets are typically concerned about Fed hiking cycles.
• 📈 Historically, Fed cuts signal global economic problems, but a 4.3% print suggests growth countries with a benign rate outlook and a weaker dollar present a great backdrop.

European Market Opportunities

• 🇪🇺 Europe is expected to surprise in terms of EPS growth, with opportunities in European money center banks, staples, and tobacco companies like Imperial and British American Tobacco.
• 🏭 European industrials, such as Seimens, are also attractive, even for the data center trade.

Semiconductor and Tech Trends

• 💡 ASML is highlighted as a key player with a strong order book, and buying weakness in this stock is recommended.
• semiconductor company in the world, with significant implications for global technology trends.

Investment Strategy and Asset Allocation

• 🗺️ The speaker advocates for playing similar themes globally, noting that investors can find opportunities outside their home markets.
• ⚖️ An investment mix of MSCI All World XUS (75% developed, 25% emerging markets) is suggested as the right balance.
• 🌱 There is an emphasis on finding growth and superior dividend growth without reaching too far out the risk curve.