Value Investing Outlook 2026: Where the Market Rotates Next

Who it’s for: Investors who feel uneasy about “top-heavy” markets, advisors looking for diversification, and anyone curious whether value investing is poised for a comeback.What pain it solves: Cuts through headlines to explain what a value discipline actually is, why concentration risk matters, and where underowned opportunities may be hiding.Why watch now: With a handful of mega-cap stocks driving a huge share of index returns and AI spending dominating the narrative, understanding rotation risk and margin of safety matters more than it has in years.In this episode, Brad Connors sits down with Mark Meulenberg, Chief Investment Officer at Masonry Capital (Charlottesville, VA), a fundamental, bottoms-up value shop that also lets “macro inform the micro.” Mark explains value in plain language: buying businesses for less than they’re worth, and building a margin of safety so you’re not relying on perfect timing or optimistic forecasts.They discuss how investor psychology often ignores the “buy it like you’d buy a business” mindset, why Buffett’s discipline gets misunderstood, and what happens when markets become overly concentrated in a small number of tech names. Mark shares why some unloved areas can trade at extreme discounts—and how inflationary regimes can bring higher volatility and create space for value, small caps, international markets, energy, and real assets to play a bigger role over time.Brad also highlights the practical reality: iWealth can blend different manager “lenses” and methods, outsourcing money management while focusing on planning—so your portfolio isn’t dependent on one story working forever.value investing, market outlook 2026, Mark Meulenberg, Masonry Capital, Brad Connors, iWealth podcast, S&P 500 concentration, equal-weight S&P 500, AI spending, inflation and volatility, small cap value, international investing, margin of safety, fundamental research