The Compound and Friends

Looks Like a Bull Market, Feels Like a Crash

131 snips
Feb 20, 2026
Christina Hooper, chief market strategist at Man Group, offers macro and market outlooks. Robyn Grew, Man Group CEO, shares executive views on strategy and tech. They debate recession risks vs stock strength. They unpack AI adoption, international equity rallies, active management’s moment, private credit concerns, and why liquidity and diversification matter now.
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ANECDOTE

Elevator Operator As A Vintage Example

  • Robyn Grew recalls the elevator operator job disappearing as a slow technological change.
  • She uses it to highlight that the rate of change now may be faster and socially disruptive.
ADVICE

Revisit Portfolio Resilience Now

  • Reassess portfolio resilience and diversify beyond a single index during heightened uncertainty.
  • Robyn Grew recommends active strategies and alternatives to protect against concentrated risks.
INSIGHT

Trend Needs Sustained Moves To Work

  • Trend strategies struggled in 2025 because markets were whipsawing and lacked sustained signals.
  • Robyn Grew explains trend needs 8–12 week moves and failed when markets reversed frequently.
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