[FREE POST] 2026 Framework — INTRODUCTION
A NEW SERIES with our complete signal framework for 2026.
This is PART 1 of a NEW SERIES we will publish sequentially over the coming weeks for Paid Subscribers, building our framework for the year.
To kick things off:
An Introduction with our big picture view — and then some changes to the Thematics Portfolio, setting the stage for the next big move.
STRATEGY
Regular readers know we’re not breakout/FOMO buyers or momentum chasers.
We get involved at the start of strong trends and look for opportunistic Buys/Adds along the way, managing risk through position sizing and technical stops.
Since inception and especially in 2025, we had a strong run riding some of the biggest trends in markets.
More importantly: sticking with them for as long as they keep working.
While it’s never easy, at the end of the day patience and discipline usually win.
This is our bread and butter — and I suspect 2026 won’t be any different.
Having said that:
There is a time to adjust the sails, and there is a time to wait for the wind.
In December I wrote several notes on how we want to be more Tactical in 2026.
This is a mature Bull Market, and being more opportunistic is key.
As such, all things being equal I’ll be more inclined to reduce/Sell positions posting big gaps up on bullish news, and look to lower exposure systematically over time.
This will ALSO allow us to focus on NEW ideas which are underfollowed, and reallocate capital accordingly.
We have several BIG reports coming out in the next weeks, containing our entire 2026 Framework, and what I think will be a massive year for dispersion, relative value and mean-reversion trades.
I also think that after a relatively quiet 2025 for Macro / FX / Rates, 2026 will create huge opportunities in these markets.
With implications for all assets.
And we’ll be covering all this in our new series.
THINKING TACTICALLY
One of our favorite long-running themes has been in the Power sector.
We’ve been active in most key names since April-May of last year, including favorites CEG, VST and NRG which are popping higher on bullish news this morning.
CEG and NRG were nearly a +60% gain since we first entered near the lows in 2025, VST returned a bit more than +40% even after giving a bit back, still a great overall allocation in the end.
This was a solid theme, and we still think there’s upside but probably not the same as before.
We’ll still keep them in the Core Watchlist, and who knows — maybe we do get a correction later this year to reposition aggressively in these quality names.
Also, we’re still involved in key Infrastructure names at full size (i.e. GEV), and other Structurals (i.e. Uranium stocks) — we’re just being more selective in exposure and thinking about the next move.
As I’ll show in the next several reports, we’re tracking MANY new opportunities which I think could have significant upside this year. Maybe 30-50% or more.
Not just in the Stocks but also broadly in the Macro world.
So we want to make room for new ideas in the portfolio, coming soon.
These could be some of the absolute best themes this year.
Instead of a big year-ahead report, I want to publish a fundamental foundation and then build the rest of building, floor by floor.
Layering all of our best ideas in sequence, exploring each connection and evaluating the risks & rewards.
We’ll begin (this weekend) with our “2026 CHART OF THE YEAR” — our first candidate for what could be one of the most important themes this year.
There’s a lot of material to cover, plus updated Thematic Longs and Special Updates.
Stay tuned, we’ll be back with more soon.
Have a good weekend.
Thanks for reading.
Onwards and upwards, -MC
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