Analyst Sees Shift to Commodities, Gold, and Non-U.S. Stocks

CFA predicts continued rotation away from U.S. equities in late 2020s

Published on Feb. 5, 2026

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According to a new analysis by Tyson Halsey, CFA, founder of Income Growth Advisors, market leadership is shifting due to global currency debasement and changing investment trends. Halsey foresees a continued rotation into commodities, gold, and non-U.S. stocks, driven by their diversification, inflation resilience, and exposure to global growth.

Why it matters

This analysis suggests a significant shift in capital market dynamics, with potential implications for investors' asset allocation strategies. The predicted rotation away from U.S. equities could impact portfolio performance and risk profiles.

The details

Halsey, a CFA charterholder, has researched and invested in a variety of sectors, including technology, energy, and quantitative strategies. He has also been a shareholder activist and invested in Master Limited Partnerships (MLPs) since 2000. Halsey founded Optima Process Systems, Inc. in 2018, using economic cost modeling for ESG solutions.

  • Halsey's analysis was published on February 5, 2026.

The players

Tyson Halsey

CFA, founder of Income Growth Advisors, LLC, a South Carolina-based Registered Investment Advisor. Halsey has researched and invested in various sectors, including technology, energy, and quantitative strategies.

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What they’re saying

“Capital market leadership is rotating due to global currency debasement and shifting investment trends and models. Changing fundamental factors and attractive valuations are driving strength in commodities for their diversification, inflation resilience, and exposure to global growth.”

— Tyson Halsey, CFA, Founder of Income Growth Advisors (Seeking Alpha)

The takeaway

This analysis suggests that investors may need to reevaluate their asset allocation strategies, potentially shifting away from U.S. equities and towards commodities, gold, and non-U.S. stocks in order to adapt to the changing market dynamics predicted by the CFA analyst.