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Talk Your Book: Investing in a Concentrated Stock Market

Talk Your Book: Investing in a Concentrated Stock Market

Michael Batnick
February 02, 2026

Differentiated Alternative Investments in Accessible Interval Fund Structures

CION is a leading provider of alternative investment products, offering institutional-quality strategies in interval fund structures and supporting advisors and investors with education and service to help build portfolios with potential to maximize risk-adjusted return.

Learn more about alternatives and interval funds

Today's Talk Your Book is sponsored by State Street Investment Management:

Click here to learn more about State Street Investment Management

On today’s show, we discuss:

The income squeeze: How market concentration is reshaping equity returns
Why a small-cap break out is bullish for the broader economy
The tailwinds that have lead to a healthy market environment
How flows have started to shift toward broader regional diversification and away from U.S. equities
Whether market concentration should be a concern in the U.S.
Why dividend yield was more relevant for valuation in the past than it is today
How the AI CAPEX spend fueled the Utilities Sector in 2025

Animal Spirits:

Animal Spirits Podcast

Animal spirits is a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, listening to and…

podcasts.thecompoundnews.com/show/animalspirits