Investors looking for value in a volatile market are turning to a new business: HALO, a basket of “boring” businesses that are difficult to replace despite technological and economic disruptions. Here’s our take on what this means for the markets and your money.
What exactly is Hello?
HALO means “hEV Aasset, low heybsolescent” stocks. These are businesses that have been deemed “boring” by investors due to a lack of change over the past few years. These include companies that hold real assets, building everything from logistics networks to roads and bridges. These “boring” businesses have become exciting stocks in the age of artificial intelligence. AI is forcing a historic build-out in infrastructure including data centers and energy grids, while increasingly capable AI agents are disrupting software business models, automating white-collar tasks. Against this backdrop, asset-heavy businesses look less convertible. You can see this phenomenon in the chart below, centered…
