Michael Sedacca

Portfolio Manager of $RDFI $RTAI $RTRE at Rareview Capital, a SEC registered investment advisor that specializes in income solutions and global macro investing.

[Rareview Capital @rareviewcapital]

Research has shown that asset allocation is one of the most important drivers of portfolio return variability over time.

Portfolio construction isn't just about what you own.

It's also about how everything works together.

Find out more about Rareview Capital's goals-based investment approach at https://t.co/K76r9f9XIl.

#AssetAllocation #PortfolioConstruction #Investing

[Rareview Capital @rareviewcapital]

Diversification and diworsification are not the same thing.

Adding more holdings does not automatically improve a portfolio.

The objective isn't to own more.

It's to build a portfolio with purpose, balanced exposures, and a defined role for each allocation.

Explore Rareview Capital's investment insights and portfolio solutions at https://t.co/K76r9f9XIl.

#PortfolioConstruction #AssetAllocation

[Rareview Capital @rareviewcapital]

The potential public listings of companies like SpaceX, Anthropic, and OpenAI could represent more than just new additions to the public markets.

The immediate debate will likely be simple:

Buy or sell?

The more important question may be what happens next.

Large IPOs can influence capital flows, valuations, and how investors think about future growth opportunities.

The biggest impact may not be on the companies themselves.

It may be on the broader market landscape that develops around them.

#IPO #AI #SpaceX #Markets

[Rareview Capital @rareviewcapital]

Not All Diversification Is Equal

A portfolio can own dozens of securities and still be heavily exposed to the same risks.

More positions ≠ more diversification.

True diversification comes from balancing exposures, return drivers, and sources of risk.

What is the most common misconception you encounter when discussing diversification?

#PortfolioConstruction #AssetAllocation

[Rareview Capital @rareviewcapital]

One of the toughest portfolio challenges:

A highly appreciated stock position.

Sell and potentially trigger capital gains.

Hold and maintain concentration risk.

Many advisors are exploring tax-aware diversification strategies, including 351 Exchange structures, to help navigate that trade-off.

⬇️Comment "351" below if you'd like to learn more.

#PortfolioConstruction #TaxAwareInvesting

[Rareview Capital @rareviewcapital]

Risk is always present.

The question is not whether risks exist, but which ones deserve the most attention.

We break down 5 risks worth watching right now and why they may matter in today's environment.

Click through.

Visit https://t.co/rbNzomet2a for more insights and institutional perspectives.

#MacroStrategy #Markets

[Rareview Capital @rareviewcapital]

Much of the market's attention this year has been focused on one question:

When will the Federal Reserve make its next move?

While that debate matters, policy, fiscal spending, and capital flows are already influencing the investment landscape.

Markets rarely move because of a single event. More often, they respond to multiple forces working beneath the surface.

The market's focus and the market's driver are not always the same thing.

For ongoing market insights and institutional perspectives, subscribe to Sight Beyond Sight®. ⬇️Comment SBS to be added to the distribution list.

#MacroStrategy #Markets

[Michael Sedacca @MichaelSedacca]

Bring it home today EJ!

[Rareview Capital @rareviewcapital]

Three questions investors may be asking right now:

• Where is liquidity heading?

• Are capital flows shifting?

• Is volatility revealing hidden risks?

Understanding the broader environment often matters as much as predicting the next move.

Which of these questions do you think investors are underestimating today?

➡️Follow @rareviewcapital for more market insights.

#MacroStrategy #Markets

[Rareview Capital @rareviewcapital]

As Rareview Capital continues to evolve, investing in leadership remains a key priority.

As part of that continued focus, Erika Wilson, MSFP, and Barry C. Wheeles, MBA, have been appointed Co-Heads of Market Growth & Strategic Alliances.

Drawing on leadership experience across business development, strategic partnerships, market strategy, and relationship development, Wilson and Wheeles will lead efforts focused on expanding opportunities, strengthening key relationships, and advancing the firm’s next phase of growth.

Read the full announcement here:

https://t.co/4B7LXumxcl

#RareviewCapital #ETFs #AssetManagement #WealthManagement #Leadership

[Rareview Capital @rareviewcapital]

Is the market focusing too much on when the Fed cuts and not enough on where policy ultimately settles?

Rareview Capital's Portfolio Manager @MichaelSedacca joined the T3 Alpha Show ("The Fed Is Doing This") to discuss:

• Fed expectations

• Private credit

• Corporate bonds

• His outlook for the next 12 months

➡️Watch here: https://t.co/q3KWkNzMym

#FederalReserve #Markets

[Rareview Capital @rareviewcapital]

Investors often focus on the most visible risks.

The challenge is that what attracts the most attention is not always what carries the greatest long-term significance.

What assumptions do you think investors still carry that deserve a closer look?

#MacroStrategy #Markets

[Rareview Capital @rareviewcapital]

Markets are influenced by multiple variables, but certain forces tend to drive portfolio positioning more than others.

Where do you think markets are likely to focus next?

#MacroStrategy #Markets

[Rareview Capital @rareviewcapital]

The U.S. is not attracting capital because conditions are perfect.

It is attracting capital because, relative to many major economies, it continues to maintain structural advantages:

• Energy

• Technology

• Productivity

• Capital markets

Global capital allocation is often less about perfection and more about relative strength.

Are investors underestimating that distinction?

#MacroStrategy #Markets #Investing

[Rareview Capital @rareviewcapital]

Private credit defaults are rising, but so are the yields available to investors willing to evaluate the opportunity set objectively.

Waiting for the next major blow-up can mean missing historically attractive income generation already available today.

Subscribe to Sight Beyond Sight® for more institutional macro perspectives.

⬇️Comment “SBS” to be added to the distribution list.

#CreditMarkets #FixedIncome #Macro

[Rareview Capital @rareviewcapital]

Last year, fixed income delivered its strongest performance in more than two decades.

Yet many investors remain heavily concentrated in cash, still reacting to the drawdowns experienced in 2022.

In today’s market, excessive defensiveness can become its own risk.

➡️Explore more macro and portfolio insights at https://t.co/K76r9f9XIl

#FixedIncome #Markets #Investing

[Rareview Capital @rareviewcapital]

If earnings estimates continue revising higher, valuation becomes a secondary discussion.

Markets tend to reward acceleration in fundamentals far more than static multiple analysis during expansionary phases.

Direction matters.

➡️Explore how we think about evolving market regimes at https://t.co/LQBT7wzuRE

#Earnings #Equities #MacroStrategy

[Rareview Capital @rareviewcapital]

Momentum is often viewed as a signal.

In reality, it can become a constraint on portfolio managers when benchmarks continue rising and underweight positioning creates increasing pressure to reallocate capital.

That’s how momentum regimes extend.

➡️Subscribe to our macro commentary for more institutional perspectives.
Comment “SBS” to be added to the distribution list.

#Momentum #Markets #InstitutionalInvesting

[Rareview Capital @rareviewcapital]

The biggest rallies rarely begin with conviction.

They begin when investors remain under-positioned while fundamentals continue improving underneath the surface.

At some point, underexposure itself becomes fuel for higher prices.

➡️ Follow @rareviewcapital for ongoing macro and portfolio insights.

#Markets #Investing #MacroStrategy

[Rareview Capital @rareviewcapital]

Productivity is quietly becoming one of the most important drivers shaping today’s market environment.

Margins continue expanding despite elevated uncertainty, which suggests something more structural than cyclical may be developing beneath the surface.

The market is beginning to price that in.

Subscribe to Sight Beyond Sight® for ongoing macro perspectives.

Comment “SBS” to be added to the distribution list.

#Markets #Productivity #MacroStrategy