Jake Heidkamp

Jake Heidkamp, Principal, Co-President, FactRight: While we don’t have much focus on funds internationally, dollar weakening and the current policy trajectory will likely create enhanced investment opportunities outside of the U.S. in the coming years. 

Jade Miller, CEO, ADISA: One stat that I’d share with any investor who is feeling too complacent is that, as of August 2025, just 10 companies account for roughly 40% of the S&P 500’s market value. When that much performance rides on a handful of names, concentration risk is real, and much rides on investor sentiment. This is why we emphasize alternatives where returns are driven by underwriting, cash flows, and strategies rather than index momentum. 

Jade Miller

Michael Underhill

Michael Underhill, Founder and CIO, Capital Innovations: Here’s one: in the past six months, the bottom quartile of credit ratings has outperformed the top quartile in some indices. That’s a red flag — it signals either a reach for yield or underpricing of risk. Complacency doesn’t end well in that scenario. 

Stacy Chitty, Co-founder & Owner, Blue Vault Partners: No, I don’t see that flip. I’m bullish on America in the second half and moving forward. We’re in a good spot. I think it’s going to get even better over the next 12 months. 

Stacy Chitty

Ganesh Sakshi

Ganesh Sakshi, CFO, Mountain V Oil & Gas:  The biggest potential reversal is overconfidence in a soft landing. We see lagging effects from rate hikes, rising fiscal stress, and global fragmentation that could challenge that view. On the AI front, the narrative remains bullish, but energy demand from AI infrastructure is still underappreciated. Data centers require enormous, baseload power—often fulfilled by natural gas.  As AI scales, the pivot from virtual to physical world constraints favors real assets. The AI trade may morph into an “energy trade,” especially in natural gas, where we see a structural supply-demand mismatch unfolding.