Schwab Network Pitcairn: Stop Worrying About Politics in Trading
Jan 23, 2026
Rick Pitcairn, chief global strategist focused on long-term equity allocation and diversification into real assets. He highlights earnings strength beyond the MAG-7. He prefers equities as a portfolio foundation and favors a basket approach to technology. He cautions about precious metals momentum and urges separating politics from investment decisions.
AI Snips
Chapters
Transcript
Episode notes
Momentum Amid High Valuations
- The market has strong tailwinds and momentum despite volatility and high valuations.
- Even bullish year-end targets imply pullbacks and volatility on the way up.
Earnings Broadening Beyond Big Tech
- Earnings growth is broadening beyond the MAG-7 into the rest of the S&P 500.
- That broadening reduces concentration risk even amid geopolitical uncertainty.
Build A Long-Term, Equity-Centered Plan
- Keep a long-term plan with equities as the foundation for wealthy families.
- Stay diversified with real assets and expect interest rates to trend structurally higher despite near-term cuts.