The INVESTING OASIS
Economic & Market Commentary
With data overload and fake news abounding, access to more information rarely leads to better decisions. The Investing Oasis E & M Commentary cuts through the noise, delivering a clear perspective on the macro trends underlying the investing landscape and how the OGF is positioned for the road ahead. Before making that next investment decision, consider signing-up for this commentary as a Capital Markets GPS. After all, it is complimentary.
2026
ECONOMIC & MARKET COMMENTARY
2025 was a near repeat of 2024. However, at the outset, I anticipated a broadening of the US economy. Quite the opposite prevailed which was the continued dominance by the Mag 10 stocks (Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta, Broadcom, Tesla, Berkshire Hathaway, and Eli Lilly) exacerbated by April’s “Liberation Day” debacle.
So, despite demonstrable profitability, nearly 40% of the remaining 490 companies listed on the S&P 500 plumbed back to 52-week lows, giving rise to the term “Special K” (not the cereal) to describe the performance bifurcation between the “AI-have” and “Have-not” companies (Figure #1). As a result, equal-weighted portfolios like the Oasis Growth Fund (OGF), lagged the market (S&P 500 Equal Weight in $CAD = 5.6%). OGF performance for the year was (0.50%): https://www.fieldhousecap.com/funds/oasis-growth-fund/.
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What's In This Edition?
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Despite mounting risks, the outlook for 2026, still looks promising. The backdrop and outlook is broken down as follows:
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30-Second Economic Report Card
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4 Investible Trends for 2026 & Beyond
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6 Catalysts
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6 Notable Risks
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3 Oasis Growth Fund Pivots
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