I discuss the quarter and YTD market dynamics inside the brands portfolio and market overall. I talk about the stocks we own, the winners and laggards YTD and how we see consumer spending trends today. Lastly, I talk about today's most crowded trade: AI, tech and semiconductors and show about $20 trillion in assets with heavy 30-60% exposure to tech/Semi's/Comm services sectors and compare today to the late 1990's when the largest stocks worked and everything else lagged. I expect the "everything else" trade will begin working soon enough, particularly the election and an expanding economy will be the catalyst.

If you want more info:

https://www.globalbrandsmatter.com/dynamic-portfolio