Summary

Adam Parker focused on US Equity Strategy for ’24. He highlighted positive economic indicators and the ongoing debate about the consumer side, industrial complex, and Federal Reserve intervention. Sector recommendations favored energy, healthcare services, and utilities, with a cautious approach to discretionary and select industrials. Adam sees idiosyncratic risk, extensive analyst coverage, and quantitative challenges in replication as reasons to avoid significant bets on the “Magnificent Seven". Instead, he emphasized a preference for software over semiconductors for tech investors. Trivariate's research methodologies were also highlighted, showcasing innovative approaches such as: exploring wage pressure in union-heavy industrials, tracking AI-related stocks through earnings call mentions, studying the impact of retail shrink on store growth, and using natural language processing to establish semiconductor inventory trends.

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