Strategy Note /

Back to the 1990s

  • When a piece of research claims something is "just about perfect" I pay attention. In this case its a US cap ex boom.

  • A cap ex boom could drive higher productivity to offset rising wages and support above trend growth, a la the 1990s.

  • Strategically we anticipate such an environment; tactically we see things falling into place for a perf chase into YE.

Jay Pelosky
Jay Pelosky

TPW Founder & Global Strategist

TPW Advisory
17 September 2021
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