Robin Griffiths and Ron William will lead us in a discussion entitled “Navigating the 2026 Cycle Convergence: Opportunities, Risks & Portfolio Resilience” : a forward-looking session on how investors can anticipate risk, capture opportunity, and structure portfolios resilient to 2026’s multi-cycle and disruptive environment.
As 2026 begins, global markets are entering a rare cycle convergence, identified through the Roadmap Signature Model (RSM) developed by Robin Griffiths and later expanded with Ron William, incorporating tactical overlays and proprietary timing models. The RSM integrates adapted Schumpeterian macro forces, including long-wave inflation trends (Kondratieff), ~41-month business cycle, and U.S. political cycle. Historically, these cycle intersections have coincided with heightened volatility, structural asset repricing, and periods when traditional diversification is challenged.
Adding to the complexity is the emergence of a multipolar global order, reshaping trade flows, reserve currency dynamics, and cross-border capital allocation. Investors now face an environment where geopolitical realignment intersects with financial and economic cycles, amplifying both risks and opportunities.
The cycle-based macro and cross-asset analysis will guide this discussion, covering:
- Cross-Asset Leadership Signals:
Commodities—particularly precious and industrial metals—are leading, with oil structurally constrained, deeply undervalued, and heavily shorted, positioning it as a potential late-cycle leader alongside metals in 2026. - Inflation & Rates Dynamics:
Markets are transitioning to a volatility-driven regime, rather than a straightforward disinflation path, as liquidity tightens and yields rise. - Equity Risk Premium Reset:
Higher real rates, liquidity withdrawal, and multipolar pressures favour defensive and real assets over growth-duration equities. - Portfolio Positioning Themes:
Capital preservation, liquidity management, and optionality remain central to navigating cycle intersections and geopolitical shifts.
Robin Griffiths, FSTA
Robin Griffiths is Senior Advisor & Investment Strategist at RW Advisory (RWA).
Additionally, he also contributes to the Adaptive Asset Allocation Newsletter at Bytetree.
Previously, Robin served as Head of Multi-Asset Research & Advisory at the ECU Group. He was previously Chief Technical Strategist at HSBC Investment Bank for 20 years, before becoming Head of Global Asset Allocation at Rathbones, and then a director and technical strategist for Cazenove Capital Management. Robin was a Partner of WI Carr and Head of Technical Analysis at Grieveson Grant.
Robin is a committee member and former chairman of the International Federation of Technical Analysts (IFTA), and former chairman, now fellow, of the British Society of Technical Analysts (STA). Robin has been a member of ECU’s Global Macro Team for over 20 years. Robin has won several Technical Analyst awards for his research.
Ron William, CFTe
Ron William is founder & CIO of RWA, an award-winning, macro-tactical, research and advisory firm, to a wide range of financial institutions & professionals, producing differentiated alpha, insightful idea generation and unique market timing.
He specialises in global, multi-asset, top-down framework, grounded in behavioural technical analysis, driven by cycles, based on the expanded Roadmap Signature Model (RSM) of veteran market technician Robin Griffiths, originally published in Robin’s book “Mapping the Markets“. Additional insights also featured in their peer interview exchange hosted by Real Vision, T3 reports on Substack and Halkin Services letter contribution.
Driven by impactful education, Ron trains financial institutions and serves on the board of a variety of professional societies, notably as MENA director, education committee member of the International Federation of Technical Analysts (IFTA) and Development Director at the Foundation of the Study of Cycles(FSC)
