Strategy Note /

The Synchronicity

  • Delta has delayed the synchronized global expansion - Asia's re opening puts it back on the table.

  • Economic implications: supply chain eases, lower inflation, better growth profile + higher stock prices, rates & Comm.

  • Reduce DM eq, add EM eq in Asia and Europe. Look for HF led perf Chase into YE - favor Cyclicals, Japan, Asian EM, Comm.

Jay Pelosky
Jay Pelosky

TPW Founder & Global Strategist

TPW Advisory
10 September 2021
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