The news keeps missing where the money is actually going this year. The HALO trade is the Alpha this year

I’ve been noticing something weird this year. Turn on financial news and it’s the same rotation of topics. Rates, inflation, AI hype, recession talk. But when you actually look at where capital is moving, it feels like a different story is playing out.

The HALO trade (Hard Assets, Low Obsolescence) seems to be in full effect and barely anyone is explaining it.

The basic idea is pretty simple. Investors are starting to favor businesses that own real assets and are harder to disrupt. Stuff that doesn’t suddenly become obsolete because a new piece of software or tech trend shows up.

What stocks that you own are already up due to this?