Ideas
International equities offer better relative value.
The diversify-America trade remains intact. There is a compelling value disparity between the U.S. and the rest of the world, with expensive fiscal and monetary support outside the U.S. Japan is cutting taxes and driving fiscal growth; China is seeing manufacturing and consumer improvement; Europe is accelerating defense and infrastructure spending. These factors support attractive return opportunities in non-U.S. equities.
Broadening favors small caps, cyclical value.
The recent shakeout reflects an evolution of the broadening market. The crowded AI/tech trade saw a huge rush in and pull away, but money is rotating from large-cap growth into smaller-cap and more cyclical value stocks. What is working today may persist through the year, creating stock-picker arbitrage opportunities based on earnings power. Banks and industrials are a larger part of the cyclical universe.
Aging demographics drive Ventas growth.
Ventas is a $50B+ enterprise focused on demographic demand. It owns 1,400 properties, including 800 senior housing communities serving more than 83,000 residents. Demand is strong and getting stronger as baby boomers turn 80, while new supply is limited. Occupancy is 86% with a long runway for occupancy and NOI growth. Ventas plans to acquire $2.5B+ per year in markets with at least 1,000 basis points of forward net demand. Its medical office and life sciences segment benefits from longevity trends, restored NIH funding, and the shift of procedures to outpatient settings.
Senior housing faces aging demand boom.
Senior housing demand is strong and getting stronger: 2 million people a year will turn 80 starting in 2026, while only 2,500 senior housing units were started in the fourth quarter of 2025. This supply-demand imbalance should support occupancy and net operating income growth across the sector.
IBKR's prediction markets offer growth.
Interactive Brokers is not a newcomer to prediction markets; it launched years ago and became licensed before the 2024 elections. It differentiates by focusing on economic, environmental, and political contracts rather than sports. Its top product is daily temperature contracts, which correlate highly with electricity demand and natural gas prices. Electric companies are beginning to express interest in using them for hedging. This positions IBKR in a new investment evolution with institutional hedging and demand-evaluation use cases, while its professional customer base outperformed the S&P in 2025.
Homebuilders face DOJ probe headline risk.
The Trump administration is exploring a DOJ antitrust investigation into leading homebuilders over alleged discussions on pricing. Sources see a high bar for a real case and mostly short-term negative sentiment rather than an industry-fundamentals issue, but D.R. Horton and Lennar are the bellwethers most at risk from headline-driven pressure.
Rotate from mega-cap tech to non-US.
The rotation out of the concentrated top seven or top ten S&P names into other asset classes is in play. Non-U.S. equities are up 7.25% year to date while concentrated tech is down 4.5%. She likes holding non-U.S. equities and equal weight, owning a basket of everything aside from the top concentrated names while still owning some of them. Non-U.S. also benefits from a weaker dollar, and currency trends tend not to last just one year, so she wants enough non-U.S. exposure. Mega-cap tech profitability may be questioned as capex spending is high.
Gold and uranium remain core holdings.
Gold and uranium are core portfolio positions. Both did extremely well last year. GenTrust rebalanced around November and December and lightened up a bit, but the positions remain part of the core portfolio. She sees potential further upside, partly tied to the weaker dollar for gold.
Own longer-duration municipal bonds.
On the taxable fixed income side, GenTrust is flat duration and wants to earn it in taxables. On the muni side, they are a little longer duration because there are cheaper parts of the curve.
DraftKings grows prediction market offerings.
DraftKings is expanding its content offering into player props and other markets before the biggest sports weekend. It partnered with Crypto.com as an exchange alongside CME and launched DraftKings Predictions, which is live with sports and financial contracts and plans to expand into culture, entertainment, and crypto. It is standing up its own market maker for prediction markets, which gives more flexibility in risk management. California and other states without legal online sports betting represent a large demand opportunity for prediction markets.
Women's sports offer valuation arbitrage.
Women's sports represent a valuation arbitrage. The WNBA averages just under 1 million viewers versus the NHL's roughly 350,000, yet the average WNBA team is valued at about $250 million versus $2.2 billion for NHL teams, a roughly 10x valuation gap. Viewership drives revenue, media, brand deals, and fan base, so that gap should close. Project Level, the largest women's sports fund at $250 million, invests in teams and leagues plus adjacencies like ticketing, analytics, health and wellness technology, and real estate around venues, bringing operational expertise and scale.
This Bloomberg Markets video, published February 07, 2026,
features George Maris, Debra A. Cafaro, Thomas Peterffy, Norah Mulinda, Mimi Duff, Jason Robins, Jason Wright
discussing Non-U.S. equities, EWJ, FXI, VGK, IWM, Cyclical value stocks, VTR, Senior housing, IBKR, DHI, LEN, RSP, GLD, URA, MLN, DKNG, Women's sports assets, Project Level.
11 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
George Maris,
Debra A. Cafaro,
Thomas Peterffy,
Norah Mulinda,
Mimi Duff,
Jason Robins,
Jason Wright
· Tickers:
Non-U.S. equities,
EWJ,
FXI,
VGK,
IWM,
Cyclical value stocks,
VTR,
Senior housing,
IBKR,
DHI,
LEN,
RSP,
GLD,
URA,
MLN,
DKNG,
Women's sports assets,
Project Level
