​Tactical Edge Podcast - Brought To You By TWM - Episode 5

The Tactical Edge Podcast with Raj Bhuyan opens the new year with a forward-looking conversation on market rotation, monetary accommodation, and where leadership may be shifting next. In this episode, Raj is joined by Tactical Wealth Management CIO Marty Ruether for a deep dive into what changed in 2025—and why the signals emerging now may define the next market cycle. 

Together, they break down how a sharp policy pivot—from fiscal austerity talk to renewed accommodation—reshaped markets in real time, fueling asset prices, weakening the U.S. dollar, and setting the stage for potential regime change. From currency effects and global flows to valuation extremes and concentration risk inside major indices, this episode connects macro forces with actionable market structure.

The discussion then turns to rotation—away from yesterday’s winners and toward under-owned, under-appreciated areas of the market. Raj and Marty introduce the concept of “FANG 2.0”, highlighting energy, defense, nuclear, and precious metals as potential beneficiaries of structural trends, capital scarcity, and global realignment. They also explore why volatility is no longer an anomaly, why “buy the dip” psychology may be dangerous late-cycle, and how disciplined risk management becomes critical when the bull market bus is full.

Topics Covered:
2025 in review: fiscal pivots, market drawdowns, and the rebound
Full-steam monetary accommodation and its impact on valuations
Dollar weakness, global capital flows, and currency-adjusted returns
Why long-term forward returns may be challenged after historic runs
Concentration risk inside cap-weighted indices and passive portfolios
Investor capitulation, sentiment extremes, and contrarian signals
Introducing “FANG 2.0”: energy, defense, nuclear, and precious metals
How to identify rotation early using relative strength and trend analysis
Managing volatility, protecting gains, and staying adaptive in late-cycle markets


Disclaimer:
This content is for informational and educational purposes only and should not be considered financial advice. Please consult your advisor for guidance specific to your situation.