Household Products
This is the time of the year when strategists are busy sending out their annual outlooks. Here on the Global Investment Strategy team, we decided to go one step further. Rather than pontificating about what could happen in 2025, we decided to harness the power of the multiverse to tell you what did happen (in at least one highly representative timeline).
Next week, please join me for a Webcast on Tuesday, December 17 at 10:30 AM EST (3:30 PM GMT, 4:30 PM CET) to discuss the economy and financial markets.
And with that, I will sign off for the year. I wish you and your loved ones a very happy and healthy 2025. We will be back in the first week of January with our MacroQuant Model Update.
Looking Around: Sectors And Subindustries…
Caught In The Crosscurrents…
Housekeeping…
Highlights Portfolio Strategy We have identified 20 reasons to start buying equities. We highlight positive catalysts that should underpin the equity market as the pandemic progresses. Investors with higher risk tolerance should continue to layer in slowly and put cash to work with a cyclical…
Cleaned Up
Cleaned Up…
Overweight Procter & Gamble (PG), the heavyweight of the S&P household products sector, delivered excellent results this week and raised their guidance, despite a forecast of a nearly $1 billion after-tax currency headwind to earnings this fiscal year. The principal driver was…
Prices At The Pump Are Helping Households…
Overweight Household product stocks have typically performed well as retail gasoline prices have contracted; this iteration has proven no different (gasoline prices shown inverted, top panel). This boon to consumers has supported an uptick of the consumer’s wallet being deployed to…
Overweight The S&P household products index got a solid lift last week on the back of upbeat earnings from sector heavyweight Procter & Gamble (PG), though this was also part of a greater rotation into consumer staples. PG noted volume increases across all of their consumer staples…