We see scope for a significant recovery in consumer spending this year ashouseholds begin to run down their savings buffers. We identify the...
Daniel Grosvenor
Recent Posts
How and when will US corporates spend their cash?
Posted by Daniel Grosvenor on Feb 3, 2021
US listed companies have built up record cash balances during the pandemic so far. An ongoing earnings recovery may encourage them to put some of...
Defensives offer cheap downside protection
Posted by Daniel Grosvenor on Jan 6, 2021
We believe that the Q4 2020 rally has left global equities vulnerable to a correction. Meanwhile, rising coronavirus cases increase downside...
A booster shot for our rotation view | Global
Posted by Daniel Grosvenor on Nov 10, 2020
The latest vaccine newsflow reduces downside tail risks and increases our conviction in our ‘old economy’ rotation thesis. We upgrade global...
Signs of a capex recovery bode well for industrials | Global
Posted by Daniel Grosvenor on Oct 29, 2020