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EVENT DETAILS:
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For 3 years, the bifurcation among the subsectors of the consumer space has been dramatic. Catalyzed by the pandemic and government action Goods and Services trends have diverged unlike any period in US history. Brick and Mortar shutdown, forced food at home, an ecommerce boom, and no travel in 2020, to the two stage reopening, travel and spending binge from multiple distributions of stimulus. We saw consumer spending ramp to new highs, but with significant variations in the consumption patterns of Durable Goods, Non Durables, Food at Home, Leisure, and Food Services. With our Macro team reiterating concerns around the health of the US consumer, there remains unique long and short opportunities across the consumer landscape.
There is no better team to address the consumer cross currents than our Hedgeye Consumer veterans Howard Penney (Restaurants/Consumables), Todd Jordan (Gaming, Lodging, Leisure), and Brian McGough (Retail/Consumer Discretionary). We’re hosting a call on Thursday July 6th at 12:30pm to review the consumer landscape. In a panel discussion we’ll map out what has happened since the start of the pandemic, where the consumption cycle currently stands, and where we think the various subsectors are heading over a TREND and TAIL duration while highlighting top longs and shorts in each industry.
