Thermo Fisher Scientific (TMO) Benefits on Broad-Based Recovery Across Life-Science Markets

Broyhill Asset Management, a Charlotte-based firm, issued its third-quarter 2026 investor letter. The letter can be downloaded here. The Broyhill Equity Composite decreased by 0.3% in Q3, underperforming the MSCI All Country World Index, which gained 1.7%. For the first nine months of the year, the Composite returned 1.9%, compared to 13.4% for the Index. The quarter was characterized by a strong July, when the Composite rose by 3.3%, despite a significant fall in the semiconductor index....