Thoughtful Money with Adam Taggart "Meaningful Tailwinds" To Push Stocks Higher Over Coming Months? | Darius Dale
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Mar 3, 2026 
Darius Dale, CEO of 42Macro and macro strategist known for systematic market regime models, outlines why he sees durable tailwinds for international, small-cap, and cyclical stocks. He links AI-driven productivity convergence, a weakening dollar, fiscal and monetary easing, and bank deregulation to a multi-year rotation. Also covers KISS, a simple systematic portfolio allocating equities, gold, and bitcoin.
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AI Diffusion Will Drive Global Convergence
- AI diffusion acts as a convergence catalyst lifting productivity, margins, earnings and valuations beyond the MAG-7 winners.
- Countries and sectors with lower starting productivity and margins (international, cyclicals, small caps) can see faster rate-of-change improvement.
Valuation And Productivity Point To International Upside
- U.S. productivity, margins and valuations currently outpace peers, leaving room for international catch-up.
- Enterprise value/NTM EBITDA: US ~17.9 vs Eurozone ~11.6, UK 8.9, Japan 9.9 — signalling under-allocation to international stocks.
Paradigm C Creates Durable Growth Tailwinds
- Paradigm C is a rare confluence of fiscal easing, monetary easing and deregulation that can sustainably boost real GDP.
- Darius expects this combination to be bullish for international, cyclicals and small caps over multi-year horizons.