As we kick off 2026, the economic headlines are loud, but the real story is in the data and the incentives behind it.

In this episode, Jeremy Houser sits down with Dr. Campbell Harvey, Duke professor and Research Affiliates Director of Research, known for early work on the inverted yield curve, to break down what matters most for growth, markets, and resilience in 2026.

Campbell discusses:

Why the U.S. fiscal picture raises the stakes for stronger real GDP growth
Why tariffs function like a tax, plus when they may act more like “risk management” than growth policy
Why “AI is just 1999 again” can be a misleading comparison, and what’s different this time
What a steepening yield curve may be signaling about long rates, inflation expectations, and growth ahead
Why rebalancing is an active decision, and how mechanical timing can create hidden performance drag
How products that limit downside exposure can fit into a broader, diversified approach
His thoughts on Fixed Indexed Annuities
And more

Resources:

AMP Path to Prosperity one-pager: https://insurmarkamp.com/jhouser/ (Click “Learn More”)

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About Our Guest:

Campbell R. Harvey is a Professor of Finance at Duke University and Research Associate at the National Bureau of Economic Research in Cambridge, Massachusetts. He served as Editor of The Journal of Finance from 2006 to 2012 and as the 2016 President of the American Finance Association. He holds a Ph.D. in Finance from the University of Chicago.

Professor Harvey has served as Partner and Director of Research for Research Affiliates, LLP, and Investment Strategy Advisor to Man Group, PLC, contributing to both research and product design.

Professor Harvey received the 2015, 2016, 2022, and 2023 Bernstein Fabozzi/Jacobs Levy Award for the Best Article from the Journal of Portfolio Management for his research. He has also received ten Graham and Dodd Awards/Scrolls for excellence in financial writing from the CFA Institute. He has published over 125 scholarly articles on topics spanning investment finance, emerging markets, corporate finance, behavioral finance, financial econometrics, and computer science.

For the past nine years, Professor Harvey taught Innovation and Cryptoventures – a course that focuses on the mechanics and applications of blockchain technology and web3. He offers a certificate in Decentralized Finance on Coursera. He also teaches the advanced elective Global Asset Allocation and Stock Selection which focuses on systematic investment strategies.

Disclosure: 5078176 – 0126

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