Schwab Network: Michael Landsberg Appears on ‘The Watch List’ To Discuss Stock Market

June 27, 2025

Despite geopolitical tensions, particularly trade and tariff concerns with China, Michael Landsberg, Chief Investment Officer at Landsberg Bennett Private Wealth Management appeared on Schwab Network to provide his insights on the market’s performance and opportunities for investors as they move into the second half of 2025. He emphasized the importance of diversification, particularly moving away from the heavily concentrated tech sector, and suggested that investors should look beyond the U.S. for potential opportunities. Landsberg’s outlook reflects optimism for continued strong earnings growth in key indices and highlights a preference for defensive sectors and markets that are often underrepresented in many portfolios.

Key Takeaways:

  1. Positive outlook for the second half of 2025: Michael Landsberg, Chief Investment Officer, shared a cautiously optimistic outlook for the second half of the year, highlighting the strong earnings growth of the S&P 500 and the Nasdaq, which saw impressive year-over-year increases. He noted that while the market has faced some narrow leadership, particularly with just a few stocks pushing the indices higher, there is still potential for broader market growth.

  2. Geopolitical risks and tariffs: Geopolitical issues, particularly regarding tariffs and trade with China, continue to loom large in the market. However, Landsberg emphasized that investors should remain focused on earnings and avoid being overly consumed by the volatility driven by trade tensions. He pointed out that the market could perform well once the tariff concerns settle.

  3. Diversification beyond tech: Landsberg mentioned the importance of diversification, particularly beyond the “MAG 7” stocks, which have been heavily weighted in recent market gains. He advocated for broader exposure to sectors such as utilities and industrials, which have seen growth despite market volatility.

  4. Opportunities overseas: Landsberg also highlighted the potential for investors to look outside the U.S. for opportunities. He pointed out that European markets, despite their historical underperformance, have shown positive returns in recent years. With many U.S. investors underweight in these markets, Landsberg believes there are opportunities for diversification and growth abroad.

  5. Defensive sectors poised for growth: Defensive sectors such as utilities and industrials have been performing well, with continued growth expected. Landsberg emphasized that while these sectors may not be as glamorous as tech, they offer stability and strong returns in uncertain times.

Landsberg’s market outlook combines cautious optimism with an emphasis on diversification, suggesting that while there are risks, there are also solid opportunities in the second half of the year. Investors are encouraged to broaden their focus, not just relying on the U.S. market, but also considering global opportunities for growth.

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