Weekly Investment Strategy

Review the latest Weekly Headings by CIO Larry Adam.

Key Takeaways

  • Hopes that fiscal stimulus deal is still ‘in the picture’
  • ‘Refocusing’ our lens on the consumer discretionary sector
  • Disparities between retailers won’t be over in a ‘flash’

This past Wednesday was World Photography Day, a day to commemorate the contributions made to photography as well as to celebrate the importance of images in our everyday lives. To partake in the holiday, I reflected upon the images that have been captured around the world as a result of the COVID-19 pandemic—which was outside anyone’s viewfinder when 2020 began. From a desolate Times Square to the deserted Shibuya Crossing in Tokyo, the photos of empty streets that would’ve traditionally been crowded with commuters and tourists were almost surreal. But as it relates to investment strategy, the virus caused the economic and financial landscapes to become anything but black and white, and these complexities certainly required us to refocus our lens. While a panoramic view of broader economic and market developments will always be a crucial shot when constructing our outlook, sometimes it is important for us to bring certain sectors into focus.