Insights

Phil Wool warns that the Shiller CAPE ratio’s surge above 40 signals potential for weak long-term U.S. stock returns and recommends international equities, which trade at more reasonable valuations near historical averages.

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Disclosure: This article contains the opinions of Phillip Wool and not those of Rayliant. The securities identified and described do not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable. This material is for informational purposes only and should not be considered investment advice. An investor should consult with their financial professional before making any investment decisions. The opinions contained herein are subject to change without notice. Indices cannot be invested in directly and are unmanaged.

In the print edition, Jason Hsu believes if you ignore the investor sentiment factor, our models are screaming sell.

Disclosure: The opinions do not necessarily reflect the views of Rayliant Investment Research and are subject to change without notice. This materials is for informational purposes only and should not be considered investment advice. This content is developed from sources believed to be providing accurate information. While reasonable care has been taken to ensure that the information herein is factually correct, Rayliant Investment Research makes no representations or guarantee as to its accuracy or completeness.

Philip Wool argues that Powell’s effort to maintain flexibility amid uncertainty over trade, immigration, and limited data led to short-term market volatility, but despite a hawkish tone, a December rate cut remains likely, the dollar’s strength temporary, and U.S. stock valuations unsustainably high in the long term.

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Disclosure: The opinions do not necessarily reflect the views of Rayliant Investment Research and are subject to change without notice. This materials if for informational purposes only and should not be considered investment advice. This content is developed from sources believed to be providing accurate information. While reasonable care has been taken to ensure that the information herein is factually correct, Rayliant Investment Research makes no representations or guarantee as to its accuracy or completeness.

Jason Hsu believes the AI rally is only in the “5th inning,” arguing there’s still room for growth despite high valuations and saying he favors both U.S. and Asian tech firms positioned to lead the next phase of AI innovation.

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Disclosure: The securities identified and described do not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable. Past performance is not indicative of future results. Indices cannot be invested in directly and are unmanaged. The opinions contained herein are subject to change without notice. The views expressed herein are those of the author and do not necessarily reflect the views of Rayliant Investment Research. This material is intended for general informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. It does not consider the specific investment objectives, tax and financial condition or needs of any specific person and therefore, the strategies and investment ideas may not be suitable for all individuals. An investor should consult with their financial professional before making any investment decisions.

Phillip Wool believes China is more resilient to tariffs than the U.S., and its markets and neighboring regions will keep growing if the economy remains stable.

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Disclosure: Rayliant Investment Research is the manager of CNQQ. This is not a recommendation to purchase or sell any securities. Investing involves risk, including risk of principal. Investing in foreign markets can lead to further risks such as currency risks, political risks, and economic risks not tied to the US markets. Past performance is not indicative of future results. The viewer should not assume that an investment in the securities identified was or will be profitable. The opinions contained in the video are subject to change without notice. The views expressed in the video are those of the speaker, Phillip Wool, and do not necessarily reflect the views of Rayliant Investment Research. This material is intended for general informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. It does not consider the specific investment objectives, tax and financial condition or needs of any specific person and therefore, the strategies and investment ideas may not be suitable for all individuals. An investor should consult with their financial professional before making any investment decisions.

Phillip Wool says China sees U.S. economic weakness and is prepared to use its strategic leverage if Washington stays tough.

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Disclosure: The opinions do not necessarily reflect the views of Rayliant Investment Research and are subject to change without notice. This material is for informational purposes only and should not be considered investment advice. This content is developed from sources believed to be providing accurate information. While reasonable care has been taken to ensure that the information herein is factually correct, Rayliant Investment Research makes no representations or guarantee as to its accuracy or completeness.

Phillip Wool believes private buyers will only purchase Treasuries if yields meet their return expectations.

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Disclosure: The opinions do not necessarily reflect the views of Rayliant Investment Research and are subject to change without notice. This material is for informational purposes only and should not be considered investment advice. This content is developed from sources believed to be providing accurate information. While reasonable care has been taken to ensure that the information herein is factually correct, Rayliant Investment Research makes no representations or guarantee as to its accuracy or completeness.

Phillip Wool spoke with Barron’s about what he sees driving Treasury yields in today’s market.

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Disclosure: This article contains the opinions of Phillip Wool and not those of Rayliant. The securities identified and described do not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable. This material is for informational purposes only and should not be considered investment advice. An investor should consult with their financial professional before making any investment decisions. The opinions contained herein are subject to change without notice. Indices cannot be invested in directly and are unmanaged.