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Chris Blumas: North American Large-Cap Outlook (Aug 12, 2026)
Raymond James PM Chris Blumas outlines his Aug. 12, 2026 outlook on North American large-cap stocks and market themes.
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What stands out
Chris Blumas, a portfolio manager at Raymond James Investment Counsel, told BNN Bloomberg he is constructive on North American large caps and explained how he’s positioning client portfolios. That matters because his house view tends to track the health of Raymond James Financial (RJF) itself, which is showing roughly 12 percent year-over-year revenue and net income gains, concrete growth, not just warmed-over optimism. With headlines swinging from AI chip debates to energy services churn, Blumas’ allocation choices give investors a live example of how a seasoned manager balances secular growth and cyclical risk.