Steve Brice

As the semiconductor mania faces a reality check, here’s how to counter market excess and pivot towards a resilient asset blend

The key is to consider how you would react if your views proved incorrect across different time horizons

Despite pressures, the industry is growing, as has its potential impact on bank earnings and credit metrics

Focusing on the enduring fundamentals will drive long-term portfolio success

There is clearly a tug of war of narratives as we head into 2026

Expected returns are only the starting point of putting together a portfolio

Investors should not get swayed too much by either market fluctuations or by bearish views in the market

They need to look at it from three angles: portfolio construction, forex risk and the emotional aspect of the impact of forex movements on returns

This is almost always costly as it leads to much greater volatility in investment outcomes, increases stress levels and reduces the likelihood of staying the course and achieving your financial goals

The eventual desired outcome – the benefits of a diversified portfolio – is key to the experience