Fortress Insights

I would read the second half of 2026 the way I would have from the allocator's seat: cautious, but selectively constructive. If I were still running the portfolio, my posture would be to stay invested in quality and income while keeping selective hedges: favoring equities with valuation discipline and geopolitics-driven upside, higher-quality credit, and floating-rate income, while staying cautious on long duration, commercial real estate equity, and the most stretched AI-linked exposures.