Why Fundamentals Fail the New Economy | Jacob Pozharny on “Sentiment” Analysis’ Role in New Economy Stocks

About this episode

Jacob Pozharny discusses the limitations of traditional fundamental analysis for new economy stocks and the role of sentiment analysis in investment strategies.

Learn More About Unlimited HFGM Global Macro ETF $HFGM: https://unlimitedetfs.com/hfgm In this episode of "Monetary Matters," Jacob Pozharny, Co-Chief Investment Officer and Portfolio Manager at Bridgeway Capital Management, explains why traditional fundamental analysis often fails "new economy" stocks due to the rise of intangible assets like R&D and customer relationships. He details a bifurcated investment strategy that utilizes advanced sentiment analysis for high-tech sectors while maintaining a classic fundamental approach for "old economy" industries. The discussion highlights how the 2026 Iran war is currently creating significant market dislocations in global energy and shipping, offering unique "alpha hunting" opportunities identified through proprietary textual analysis of earnings calls. Pozharny argues that the most effective stock picking occurs in less efficient mid-cap and small-cap markets outside the U.S., where the potential return spread is significantly wider than in the S&P 500. Finally, he outlines his firm's market-neutral approach to building idiosyncratic return streams that remain uncorrelated to broader market direction by leveraging unique…

People in this episode

Host: Jack Farley

Guest: Jacob Pozharny

Topics covered

• fundamental analysis
• new economy stocks
• sentiment analysis
• investment strategy
• market dislocations
• mid-cap markets

Keywords

• fundamentals
• intangible assets
• R&D
• customer relationships
• market-neutral
• alpha hunting
• earnings calls
• mid-cap
• small-cap

Sponsors

Unlimited HFGM Global Macro ETF $HFGM

Mentioned in this episode

Organizations: Bridgeway Capital Management

Products: Unlimited HFGM Global Macro ETF $HFGM

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