Inside this quarters newsletter you will find:

• Financial markets need the reopening of the Strait of Hormuz, but the outlook for the U.S. market will continue to be dominated by the Artificial Intelligence juggernaut. At some point, returns will be needed to justify the AI expense.
• Plus, diversification in today's market is increasingly non-existent. The long-term themes of Advanced Medical Technology and Defense Tech should provide portfolios with differentiated, investable opportunities capable of delivering long-term compounding of sales, earnings, and share prices for decades.

Read the full newsletter.