Bull Sessions (6/23/2026)

Mark Robertson and Ken Kavula hosted the June 23, 2026 Bull Sessions webinar, discussing current market conditions and investment strategy in an environment showing signs of frothiness in certain sectors. The speakers emphasized the importance of maintaining selectivity and quality focus, noting that while analysts have become overly bullish (particularly in semiconductors and mega-cap technology), the broader market represented by the S&P 500 remains more reasonably valued. Robertson and Kavula highlighted that diversified, balanced portfolios across multiple sectors—including industrials, healthcare, and financials—have outperformed during recent market downturns, suggesting investors should look beyond heavily-televised tech stocks for attractive opportunities.

A significant portion of the discussion focused on the top 10 most-followed stocks in the Manifest Investing and Better Investing databases, which have delivered a 22% annualized return over the past decade. However, the speakers raised important concerns about Cognizant, which remains in the top 10 despite negative 10-year returns, prompting a deeper examination of whether the stock still merits inclusion. Both Robertson and Kavula noted they no longer own Cognizant, and they highlighted broader challenges facing the consulting and IT outsourcing sector amid AI disruption, citing Accenture's recent 20% single-day decline as evidence of industry stress. The webinar reinforced the Manifest Method's core principles: find quality companies at reasonable prices, maintain discipline during market euphoria, and don't sacrifice quality by chasing performance.