The WellSaid Podcast

Our experts discuss how the Iran conflict and AI-driven demand affect the outlook for oil, commodities, inflation, and energy security. 2:10 – Pre-war oil outlook 3:35 – Revised outlook for oil 7:00 – AI and an oil supercycle 9:50 – Critical importance of the Strait of Hormuz 11:30 – Downstream effects across supply chains 14:50 – Oil and energy market volatility 16:45 – Geopolitical implications...

Host Thomas Mucha and guests Nanette Abuhoff Jacobson and Andy Heiskell unpack what today’s geopolitics, valuations, and concentration mean for strategic allocation — and why diversification may matter more again. 2:45 – What are the two truths of US exceptionalism? 5:45 – Valuations: Advantage or risk? 9:55 – Fiscal and debt dynamics 14:45 – The USD 15:45 – Policy-driven investment themes 18:40 –...

Our experts on Latin America discuss geopolitical shifts, economic resilience, and the region's strategic importance in global markets. 2:45 – US engagement in Latin America 4:30 – The Trump administration’s approach 7:45 – LatAm in the context of great-power competition 12:05 – Macro fundamentals and investment implications 20:30 – Venezuela and global energy 25:30 – Key takeaways on Latin Americ...

Thomas Mucha discusses the importance of looking at the investment landscape through a geopolitical lens on the IMAP Independent Thought podcast. 2:45 – Geopolitics as fundamental to an investment perspective 9:40 – US versus them 15:25 – The role of the Western hemisphere in US strategy 18:25 – Climate risk in a geopolitical context 20:35 – Geopolitics, dispersion, and active management Hosted by...

Host Thomas Mucha and Global Industry Analyst Saul Rubin unpack the relationship between geopolitics and energy and industrial infrastructure investment. 3:05 – Adopting a geopolitical perspective 5:50 – China, the “greatest disrupter to the legacy world order” 11:15 – Strategic sectors and industries 15:25 – Investing in the energy transition 20:10 – Electrification of transportation Hosted by Si...

Commodities are shaping up to be a critical asset class for investors to consider in 2026. Veteran commodities portfolio manager David Chang joins host Thomas Mucha for a wide-ranging discussion on gold's ongoing bull run, the role of central banks, the evolving energy landscape, AI, and the prospect of a new global commodities super cycle. 1:55 – What’s driving gold’s bull run 6:50 – Gold vs. oth...

Portfolio Manager Anna Lunden and Macro Strategist Nick Wylenzek talk about how to navigate macroeconomic shifts and trends like AI in global large-cap investing. 2:05 – Small-caps and the big picture 7:10 – How policy impacts philosophy and portfolios 10:30 – AI and the large-cap index skew 13:25 – Ripple effects (and opportunities) of AI 17:35 – Structure, risk-management, and the pursuit of alp...

The latest episode of our WellSaid podcast dives deep into the world of climate investing and the transformative role of AI in driving sustainable solutions. 2:00 Global climate policy environment 5:45 Climate investments as problem solvers 9:07 Assessing climate tech company fundamentals 11:25 How AI is driving climate innovation 13:50 Global competition for climate tech dominance 16:25 Geopoliti...

Strategists Bo Meunier and Thomas Mucha analyze the impacts of AI, shifting supply changes, and evolving consumer behavior on emerging markets. 1:00 – Top trend: AI 3:10 - Semiconductor supply chain 8:00 – The auto industry and US tariffs 10:30 – Domestic markets and differentiation 13:30 – Real estate and construction 15:35 – Focus on China 20:50 – Deep dive on Mexico 24:00 – Strong fundamentals...

Evan Reiser, CEO of Abnormal AI, and Rob Mazzoni, technology sector lead for late-stage growth private investments, join host Thomas Mucha to discuss how innovations in cybersecurity and AI are poised to disrupt everything from the software industry to geopolitics. In this episode: 3:00 – AI reshaping software 5:30 – Investing amid AI innovation 8:30 – Disruptor versus disrupted 11:30 – Intersecti...

Macro Strategists Juhi Dhawan and Thomas Mucha break down the busy first half of 2025, discussing DOGE, tariffs, taxes, immigration, deregulation, and more. 2:30 – Tariffs are a tax 8:30 – Highs and lows of the new tax bill 16:25 – Economic boosts in AI and deregulation? 20:30 – Immigration policy and productivity 23:05 – A wait-and-see Fed 25:20 – Investment implications of a disruptive geopoliti...

Portfolio managers John Smallcomb and Ed Baldini explain what extension strategies are, how they might benefit investors, and why interest in these strategies has been ticking up. 3:15 – What are extension strategies? 6:15 – Rising interest and room for growth 9:50 – Relative risk 13:35 – Role in asset allocation 15:30 – Extension strategies and the current market Hosted by Simplecast, an AdsWizz...

Strategists Thomas Mucha and Johnny Yu discuss US-China strategic decoupling, trade tensions, and the implications for global markets and supply chains. 2:25 – Pause of US “reciprocal” tariffs on China 6:00 – National security concerns and market takeaways 10:10 – Impact on global supply chains 15:20 – Effects on other strategic allies and international relationships 23:10 – US self-isolation and...

Strategists Thomas Mucha and Nick Wylenzek discuss the regime shift in European markets, focusing on deglobalization, tighter monetary policy, and increased government intervention. They explore the impacts on sectors like defense, energy, and the evolving relationship with China. Key topics: 1:45 - Unpacking the European economic regime shift 7:00 - Alpha potential of European markets 9:15 - Nati...

Nick Samouilhan, co-head of Wellington’s multi-asset platform, joins host Thomas Mucha to discuss the importance of adapting portfolios to rising macro volatility, geopolitical changes, and structural shifts. Key topics 2:00 – Drivers of macro volatility 4:05 – Inflation, diversification, and stress testing 8:15 – Company and currency dispersion 10:25 – Regime diversification 12:15 – Role of hedge...

On the latest episode of WellSaid, fixed income strategist Amar Reganti joins host Thomas Mucha to explore the potential effects of tariffs, ongoing geopolitical conflicts, China's economic recovery, the growth of private credit, and much more on 2025's fixed income markets. In this episode: 1:55 – History and impact of tariffs 6:15 – Geopolitical conflict and inflation 12:15 – China’s economic re...

Health care services experts David Khtikian and Josh Sommerfeld join host Thomas Mucha to explore the industry's transformation, diving into consolidation, tech innovation, value-based care, and the benefit of their public/private collaboration. 1:30 – Evolution of health care services 3:30 – Next generation of digital health companies 6:45 – Public market: Leveraging private market insights 8:35...

In the wake of the US election, macro strategists Juhi Dhawan and Michael Medeiros join host Thomas Mucha to discuss the market, policy, and geopolitical implications of Trump 2.0. In this episode: 1:15 – Equity market: Potential winners and losers 3:35 – Outlook for fixed income and bond yields 5:00 – Fiscal policy implications 6:30 – Deficits and the bond market 7:30 – Immigration’s impact on gr...

Macro strategist Mike Medeiros joins host Thomas Mucha to discuss the potential market impacts of the upcoming US election. Listen to the full episode to understand how different outcomes in the House, Senate, and White House races could shape the economy. 2:25 - Market implications of major policy differences 7:15 - When will bond markets care about deficits? 9:35 - The impact of polling errors 1...

Small-cap stocks have experienced a historic rotation in response to recent macro jolts. In the latest episode of WellSaid, equity strategist Andy Heiskell joins host Thomas Mucha to discuss his outlook for small companies in this environment. 2:00 – The role of a global equity strategist 3:40 – Small-cap stocks’ recent rotation 5:25 – Regime change is a process 7:05 – Potential drivers of small c...

Portfolio manager Dirk Enderlein joins host Thomas Mucha to discuss how European markets are evolving and how long/short investors can potentially make the most of the changes. 2:15 – Long/short investing amid Europe’s structural shifts 5:00 – Bubble or durable regime change? 7:30 – Energy transition 10:00 – Defense sector deep dive 15:45 – Bottom-up stock picking 18:30 – Evaluating emerging techn...

Head of Multi-Asset Strategy for EMEA, Supriya Menon, explores her team's latest research on how climate change affects capital market assumptions. Key topics: 2:05 – Supriya’s investment background 3:25 – Climate research from an allocator’s perspective 6:10 – New research framework: Three pillars 8:20 – Collaborating with internal climate experts 9:50 – Key research findings 12:30 – Implementing...

Head of liquid alternatives and hedge funds, Mark Sullivan, and investment director of diversifying strategies, Chris Perret, share their views on why the multidimensionality of macro investment approaches may help provide investors a smoother path forward amid an increasingly uncertain macro and geopolitical backdrop. 1:50 Career paths 5:10 Major shifts in the macro environment 8:20 Influence of...

Thanks to powerful corporate, political, social, and demographic tailwinds, India’s market has been firing on all cylinders. Ahead of the 2024 national elections, equity portfolio manager Niraj Bhagwat gives an inside look at these drivers and the impressive changes he is seeing across the country. 2:00 Observations from recent trip to India 4:35 Strong corporate execution in India 6:35 Reasons fo...

Given the outsized effects of climate change on women and families, climate technology may be an avenue to better outcomes. Sector lead Molly Breiner joins host Thomas Mucha to break down the growing market and investment case for private climate tech. 2:00 Professional background 5:00 Climate, women, and agriculture 7:25 Founders and the gravity of climate change 10:00 Promising agriculture techn...