The Tactical Edge Podcast with Raj Bhuyan returns at a critical moment —when markets, geopolitics, and policy are colliding in ways that could reshape portfolio outcomes for years to come.

In this episode, Raj breaks down why today’s environment may be even more complex than investors realize, moving from a “triple threat” to a full-blown convergence of structural risks. From elevated valuations and market concentration to geopolitical instability and persistent inflation pressures, the conversation challenges conventional portfolio construction and questions whether traditional diversification still works.

Topics discussed include:

• Why today’s market may represent a “quadruple threat” vs. prior cycles.
• The breakdown of traditional 60/40 and modern portfolio theory assumptions.
• Financial repression and why bonds may continue to underperform in real terms.
• The risks of extreme market concentration in mega-cap U.S. equities.
• How geopolitical conflict and supply shocks are impacting energy and inflation dynamics.
• The case for international equities and a potential global rotation.
• Gold, commodities, and the role of hard assets in inflationary regimes.
• Why liquidity and flexibility are critical in uncertain markets.
• Lessons from the 1970s analog—and what investors may be underestimating today

Disclaimer:
This content is for informational and educational purposes only and should not be considered investment advice or a solicitation to buy or sell any security. Investing involves risk, including the potential loss of principal. Past performance is not indicative of future results. Please consult with a qualified financial, tax, or legal professional before making any investment decisions.