In a recent Fox Business interview, Advisors Capital Senior Portfolio Manager Gus Scacco breaks down how geopolitical tensions, defense spending, and energy dynamics are shaping markets—and why underlying consumer strength may continue to support economic resilience.
Recorded 4/1/2026
Key Takeaways:
- Defense demand remains structurally strong: Despite short-term volatility in defense ETFs, underlying fundamentals—such as significant backlog levels and ongoing global demand—continue to support long-term opportunities in the sector
- Energy shocks may have limited lasting impact on consumers: While rising fuel prices can temporarily pressure spending, historical patterns suggest consumers tend to adjust quickly and return to prior spending behavior within weeks.
- Consumer resilience continues to support the economy: With relatively low unemployment and steady spending trends, the consumer remains a key pillar of economic stability—though selectivity is increasingly important in today’s environment.
Advisors Capital Management, LLC is an investment advisor registered with the United States Securities and Exchange Commission. Registration does not imply any degree of skill or training. All investing carries risk, including the potential for the loss of principal and past performance is no guarantee of future results. This content is for informational purposes only, can change at any time without notice, and is not investment advice or a recommendation to trade any security. Indices are not available for direct investment. We only provide services in jurisdictions where we are registered. Our disclosure brochure (ADV Part 2A) and customer relationship summary (ADV Part 3) are available at https://adviserinfo.sec.gov and upon request.
