Thoughtful Money with Adam Taggart Is 'National Security' The New Investing Priority? | Peter Tchir
Feb 18, 2026
Peter Tchir, Head of Macro Strategy at Academy Securities and macro/geopolitical strategist, champions the ProSec trade: production-for-security. He highlights chips, critical minerals, electricity, AI and refining as strategic priorities. Discussion covers which regions and industries stand to gain, government procurement and tariffs, and the geopolitical forces reshaping where supply chains and manufacturing relocate.
AI Snips
Chapters
Transcript
Episode notes
Chips Versus Electrons Define The Rivalry
- The strategic contest centers on semiconductors and electricity capacity for AI and data centers.
- Peter sees China and the U.S. as the two primary competitors racing on chips and power respectively.
Nearshoring To The Americas
- Consider shifting manufacturing to Central and South America and Mexico for supply-chain resilience.
- Peter recommends Mexico as a major near-term investment opportunity once security issues ease.
ProSec Policies Are Becoming Bipartisan
- ProSec policies have become bipartisan and durable despite political noise and early retrading.
- Large initiatives like the CHIPS Act show sustained commitment beyond one administration.