CLICK HERE to access the webcast and associated slides, which will become available to stream and download just prior to the start of the presentation.
2Q21 Macro Themes:
- USA Still #Quad2: The U.S. is poised to enter its fourth consecutive #Quad2 quarter in Q2 with some of the easiest economic comparisons we’ve seen in our lifetimes. These base effect dynamics are aided by ongoing Fed-Fiscal support and promise a continuation of the historic reflationary environment that has already been on discrete display across cyclical, rate and inflation sensitive assets. We'll detail how much juice remains in Quad 2 exposures and how we'll risk mange the prospective inflection towards Quad 4.
- Macro Signals and Divergences: There has been a lot of Brownian motion in the markets in recent weeks, especially with rates breaking out and various #Quad2 exposures taking a breather. We will review what our Trade / Trend / Tail model is saying in aggregate from quantitative perspective as it relates to where we are in the cycle.
- Rates & Housing . . . Peak Cycle?: As they typically do, rates have been rising as the #Quad2 economic rate of change data accelerates. The question of course is: what will this ultimately mean for the cycle? In particular housing, which has been en fuego. Our colleague Josh Steiner will be on the call to discuss the cross-dynamics at play currently while contextualizing both the near and longer-term setup.
Participant Dialing Instructions:
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Toll Free:
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Toll:
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UK: 0
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Confirmation Number: 13719754
As always, our prepared remarks will be followed by a live, anonymous Q&A session. Please submit your questions to . For those of you who cannot join us live, we will be distributing a replay of the webcast along with the associated slides shortly after the presentation concludes.
Best of luck out there,
-The Hedgeye Macro Team
