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Daniel Grosvenor on Feb 19, 2021
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 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...
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...
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...
Daniel Grosvenor on Oct 29, 2020
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