The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Oct 8, 2026
HORAN Wealth posits that solid corporate earnings expansion and broader economic resilience will sustain equity market performance over the coming 12 to 18 months, despite elevated interest rates and extreme market concentration. In the third quarter of 2026, index returns were heavily skewed by mega-cap technology firms, masking broad-based equity weakness where nearly two-thirds of individual S&P 500 components dropped over 10% from highs. However, underlying fundamentals remain exceptionally sturdy: second-quarter corporate earnings surged over 50% year-over-year, and third-quarter GDP tracking indicates robust consumption and capital spending driven by artificial intelligence infrastructure. Although the Federal Reserve initiated its first interest rate hike in three years to counter sticky inflation, pushing 10-year Treasury yields above 5.2%, historically favorable presidential election cycle tailwinds are poised to support asset prices into late 2026 and 2027. Consequently, the advisor views current valuation compression relative to earnings as an attractive backdrop for equities and emerging markets.
Robust corporate earnings growth and ongoing AI capital investment will drive equity market gains over the next 12 to 18 months despite narrow index concentration and higher interest rates.
HORAN Wealth expects that strong full-year corporate earnings growth of 35.8% will act as a major tailwind supporting higher stock prices over the next 12 to 18 months, despite a decelerating earnings growth rate. The firm also anticipates that favorable presidential cycle seasonality and ongoing capex in AI infrastructure will sustain market performance, while moderating inflation could eventually foster lower or stable interest rates.
Neutral / Balanced
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