Lyle’s List: Stocks That Don’t Flinch When the Market Shakes
Lyle Stein bets on resilience with a golden hedge, AI power play, and natural gas transition leader in a shifting global market.

In a market driven by shifting interest rate expectations and geopolitical tremors, Lyle Stein, President of Forvest Global Wealth Management, isn’t chasing the latest momentum fads. Instead, he’s reinforcing a disciplined, global approach to value. On July 18, 2025, Stein laid out his top three stock picks—Agnico Eagle, AMD, and Vermilion Energy—with a clear narrative rooted in fundamentals, cash flow, and the potential for upside in uncertain times.
Stein’s market outlook comes as global equity markets teeter at record highs, recovering quickly from the “Liberation Day swoon.” While many investors are hanging their hopes on anticipated interest rate cuts from the Federal Reserve, Stein isn’t convinced that alone will drive sustained gains. The real concern, he notes, lies in the broader picture: earnings expectations aren’t expanding, new tariff regimes are inflationary, and capital is quietly rotating away from the U.S. toward Europe and Asia. Factor in rising global deficits and a weakening U.S. dollar, and you have the ingredients for a reshuffling of global benchmarks. Stein warns that the 10-year U.S. Treasury, once the bedrock of global asset valuation, is losing its appeal. The result? A tougher environment for passive investing and a golden era for stock-pickers.
