Tom Hulick, CEO and Managing Partner of Strategy Asset Managers, joined Bloomberg Radio in studio to discuss why active management is outperforming in the current market environment and what’s driving his constructive outlook on equities heading into the second half of 2026.
Tom addressed the market’s ability to make new highs despite a backdrop of geopolitical tensions, elevated inflation, and macro uncertainty — arguing that the earnings growth story, driven by AI capex expansion and sector-specific tailwinds, remains firmly intact. He discussed the theme of market broadening beyond the Magnificent 7, noting that while tech and semiconductors have led recently, he expects participation to widen across industrials and other sectors.
On the IPO pipeline, Tom shared his perspective on the wave of mega offerings including SpaceX, Anthropic, and OpenAI — viewing them as a sign of healthy liquidity and market confidence, while advising a disciplined approach to entry timing. He also addressed the challenge of active management, noting that as of the date of this interview, Strategy Asset Managers is among the 28% of large cap active managers currently outperforming the S&P 500 — a result of their sector-focused, multi-strategy approach across growth, value, quant, and global portfolios.
Tom touched on asset allocation and portfolio positioning, and closed with his key macro concerns — including geopolitical risk, the sustainability of current interest rate levels, and consumer confidence — while ultimately expressing a glass-half-full view on where markets are headed.
What the interview didn’t have time to cover: At Strategy Asset Managers, our balanced portfolios have been tilted toward the upper end of equity ranges for years — positioning clients closer to 70/30 or even 80/20 versus the traditional 60/40. With earnings growth projected to remain exceptional, we believe this positioning reflects our constructive outlook on today’s market.