Stephanie Link, a noted strategist on Wall Street, provides her perspective on where she’s directing investments. If you’re looking for stock market insights that clarify today’s landscape, you’re in the right spot. As of mid-March 2026, investors face challenges from the Iran conflict, rising oil costs, and tariff uncertainties from past administrations, all while the Dow fluctuates dramatically. It’s tempting to transition to cash, but Link emphasizes the importance of staying the course.
Link, serving as Chief Investment Strategist and Portfolio Manager at Hightower Advisors and a frequent voice on CNBC, advises against panic selling.
“When fear sets in, many people retreat,” Link shared during a podcast with financial expert Jean Chatzky. “That’s exactly what you shouldn’t do.”
The Economy’s Resilience
Jean Chatzky: With war, fluctuating oil prices, and volatile market swings, what’s your take on the current situation?
Stephanie Link: It’s not all doom and gloom. Our economy is growing at approximately 2.5% GDP. While labor market results vary, inflation is improving, dropping from a peak of 9% in mid-2022 to 2.5% now. This is a positive trend.
Recent data on retail sales and wage growth indicates consumer strength. Although war and oil prices are in focus, the economy has shown remarkable resilience.
Even with challenges like Venezuela, Supreme Court decisions, and tariff changes, the S&P has remained stable this year, showcasing the economy's ability to adapt.
Where Stephanie Link Sees Opportunities in 2026
So, where is Link investing her resources amid market uncertainty? Here’s her assessment.
International markets: Many are concentrated on the U.S., but Link identifies solid opportunities in regions that have experienced significant sell-offs. She highlights Brazil, Japan, and India as key areas, recommending ETFs for international exposure, limited to 10% of total portfolios.
AI infrastructure: Link’s most promising prediction centers around the AI ecosystem, not just the companies creating AI. With around 11,400 data centers currently, projections suggest we’ll need up to 30,000 by 2030 to meet AI demands. This includes utilities and companies supporting data center operations.
Banking and housing: Link is optimistic about the major six banks, expecting them to gain from deregulation and expand their market share. Regarding housing, she states that if mortgage rates drop sustainably below 6%, a significant housing cycle could emerge, especially given a 4 million home deficit and strong demand.
Copper and cyclical stocks: If economic growth continues, cyclical sectors and commodity exposure become appealing. Link is particularly attentive to copper and suggests buying energy stocks during price dips rather than chasing current highs.
Software sector: Despite fears that AI will disrupt the software industry, Link believes these concerns are exaggerated. “The idea that AI will wipe out software companies is overstated,” she noted. “There are fantastic opportunities within software.”
Final Thoughts
Jean Chatzky: Given your experience managing through various market cycles, what message do you have for women regarding their financial futures?
Stephanie Link: It’s crucial to gain knowledge and embrace the learning process, including mistakes. Everyone makes them; it’s part of growth. Knowledge empowers you and fosters confidence.
Yes, money matters can be daunting. But educating yourself and connecting with others on the same journey transforms this into an engaging experience. Ask questions—there are no silly ones.
