Strategy Note /

Approaching The Turn

  • This global equity market continues to give a master class in discounting and bubble popping - dont try and trade it.

  • Fast moving Delta variant vs vaccine production & vaccination surge remains key tactical issue - surge beats spread.

  • Staggered reopening giving way to synchronized global expansion sets stage for turn from Growth/Rates to Cyclicals/Comm.

Jay Pelosky
Jay Pelosky

TPW Founder & Global Strategist

TPW Advisory
30 July 2021
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