Tengler: Focus on Fundamentals
On Bloomberg Television, Nancy Tengler emphasized that markets tend to be dispassionate about geopolitics. In her view, investors are not reacting emotionally to political developments. They are staying focused on what drives returns over time: earnings and productivity.
Tengler also noted that the conversation in markets right now is less about headlines and more about fundamentals, including signs that AI is starting to show up as real productivity improvement. Tengler also reiterated a long-running message to clients: do not invest your politics. When policy and politics introduce volatility, she sees it less as a reason to change a plan and more as a potential source of opportunity for disciplined investors who stay anchored in fundamentals.
