The Quiet Turn

How an overlooked sector may be approaching a cyclical inflection with limited downside and meaningful upside

As many of you already know, my investment approach is centered on identifying sectors that are largely ignored or written off by the market, areas where sentiment is poor, valuations are depressed, and expectations are low. These are the environments that often create the most compelling opportunities, especially over the mid- to long-term, where downside risk is limited and upside potential is meaningfully asymmetrical.