The Market Huddle XMAS SPECIAL PT.2
10 snips
Dec 26, 2025 
In this holiday special, guests Chase Taylor, founder of Pinecone Macro Research, and Rupert Mitchell, author of Blind Squirrel Macro, explore the surprising global equity performance, especially in Africa and South Korea. They discuss the mispricing of solar and battery metals, as well as opportunities in emerging markets. Marvin Barth shares insights on tariffs and expected Fed dynamics, while Vincent Daniel highlights market resilience and cyclical growth prospects. Paolo Macro offers warnings about risks in private credit and market concentration, wrapping up with a festive banter.
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Episode notes
Surprising Global Leadership Shift
- Global equity leadership shifted in 2025 with many non‑US markets (eg. South Korea, African ETFs) massively outperforming the S&P.
- Chase Taylor highlights commodities and country-specific booms driving outsized returns beyond US tech concentration.
Solar And Battery Metals As Structural Call
- Solar and battery metals saw explosive demand driven by electrification and industrial use, creating structural deficits.
- Chase Taylor argues policy tailwinds could amplify these moves even further into 2026.
Position For Power Constraints
- Position for constrained electricity supply by researching solar, geothermal, and related power infrastructure names.
- Expect policymakers to prioritize power as AI and electrification increase demand, creating investment opportunities.