Ignore the macroeconomy and buy the micro, says Requisite Capital's Bryn Talkington
Speakers
Bryn Talkington
— Managing Partner, Requisite Capital Management
Summary
Bryn Talkington of Requisite Capital tells CNBC's Closing Bell to buy the dip and ignore macro fears, focusing instead on strong micro earnings and a broadening market. She prefers RSP over small caps due to its sector mix and durability if volatility persists. On Apple, she says she is holding her position despite weak technicals, with AI and foldable-phone news already priced in.
- Market is recovering from Tuesday's lows while investors await key earnings.
- Talkington advocates buying dips and ignoring macro to focus on micro earnings strength.
- She cites strong GDP, rising yields, and small-cap strength as signs of expected economic growth.
- She prefers RSP over small caps because equal-weight sector composition is more durable.
- She expects volatility to remain in 2026 and sees potential market chop.
- On Apple, she is holding despite weak technicals and sees new phone design as next catalyst.
- She flags Intel as an exception to strong earnings but does not elaborate.
Ideas
Buy the dip; market will broaden.
Talkington says investors should buy the dip and ignore macro worries in favor of micro/company fundamentals. She points to strong earnings, strong GDP, and small caps marching higher even as US and global yields rise, which she reads as investors expecting the real economy to keep growing and the stock market to broaden out this year.
Prefer RSP over small caps for durability.
She will stay with RSP (equal-weight S&P 500) rather than small caps. She argues equal-weight is not equal by sector—financials and industrials are the largest sectors—while small caps need everything to go right in the economy and rates. With rates rising but small caps still being bought, she sees RSP as a more durable 'granny shot' trade if markets see chop and volatility stays in 2026.
Prefer RSP over small caps for durability.
She will stay with RSP (equal-weight S&P 500) rather than small caps. She argues equal-weight is not equal by sector—financials and industrials are the largest sectors—while small caps need everything to go right in the economy and rates. With rates rising but small caps still being bought, she sees RSP as a more durable 'granny shot' trade if markets see chop and volatility stays in 2026.
Hold Apple despite weak near-term technicals.
She owns Apple and is not going anywhere in her position, though she respects the technicals telling investors to stay away right now. She thinks the Gemini/Apple AI news and foldable-phone speculation were well telegraphed and already priced in, so the next catalyst is what the new phone actually looks like.
