Founder, TPW Advisory

TPW Advisory

Founder

Independent Investment Advisory Boutique

TPW Advisory is an independent investment advisory boutique located in NYC offering asset allocation & portfolio strategy advice, white label research and global, multi asset ETF based model portfolio delivery services.

Cross Asset Strategy

<ul><li>Transition periods are usually tricky and that’s certainly the case in today’s macro investment  landscape.</li><li>The transition from a fixation on inflation and monetary policy to a focus on fiscal policy and a global manufacturing recovery is a sudden shift of gears that have left many scratching their heads.</li><li>Yet that’s where True North, the correct direction of travel, lies – at least from our armchair here at TPW Advisory.</li></ul>

Transition periods are usually tricky and that’s certainly the case in today’s macro investment  landscape.The transition from a fixation on inflation and monetary policy to a focus on fiscal policy and a global manufacturing recovery is a sudden shift of gears that have left many scratching their heads.Yet that’s where True North, the correct direction of travel, lies – at least from our armchair here at TPW Advisory.

Macroeconomics

<ul><li>We view AI’s emergence coupled with the acceleration of EV adoption as suggesting two firsts – the first competition of the Tri Polar World (TPW) and the first competition of the AI age.</li><li>Both suggest those regions able to integrate semi and EV supply chains at speed will be the winners.</li><li>All three TPW poles (Europe, Asia &amp; the Americas) are highly motivated to compete, arguably there is no future without success and so we foresee a public – private investment period akin to the post WW 2 rebuild of Europe &amp; Asia but focused on Climate &amp; AI – a perspective which underpins our positive LT global growth outlook. See Chart 20.</li></ul>

We view AI’s emergence coupled with the acceleration of EV adoption as suggesting two firsts – the first competition of the Tri Polar World (TPW) and the first competition of the AI age.Both suggest those regions able to integrate semi and EV supply chains at speed will be the winners.All three TPW poles (Europe, Asia &amp; the Americas) are highly motivated to compete, arguably there is no future without success and so we foresee a public – private investment period akin to the post WW 2 rebuild of Europe &amp; Asia but focused on Climate &amp; AI – a perspective which underpins our positive LT global growth outlook. See Chart 20.

TPW Advisory August Monthly: An Ode To Competition

<ul><li>It’s been a white-knuckle ride for much of the past 6-9 months but what a ride it’s been!</li><li>I had a similar experience last weekend up in the country. Rain had fallen for much of the prior week and road washouts had occurred in multiple spots near our camping locale.</li><li>Nonetheless, when we hit the mighty Deerfield River last Sunday I was determined to do what we do every year which is to ride the rapids bareback – i.e. no tubes.</li></ul>

It’s been a white-knuckle ride for much of the past 6-9 months but what a ride it’s been!I had a similar experience last weekend up in the country. Rain had fallen for much of the prior week and road washouts had occurred in multiple spots near our camping locale.Nonetheless, when we hit the mighty Deerfield River last Sunday I was determined to do what we do every year which is to ride the rapids bareback – i.e. no tubes.

TPW Advisory Friday Musings: What's Next?

<ul>
<li>Excited to finally get to use this title – it’s been in the back pocket for quite some time but after this week’s global, cross asset, market moves its time.</li>
<li>We had the opportunity to try it out on BTV’s The Open show this morning; today’s Musings come straight from my notes for the hit.</li>
<li>The full line is “When Facts Rock Fiction, Always Cause Friction” (any guesses as to band or song? LMK).</li>
</ul>


Excited to finally get to use this title – it’s been in the back pocket for quite some time but after this week’s global, cross asset, market moves its time.
We had the opportunity to try it out on BTV’s The Open show this morning; today’s Musings come straight from my notes for the hit.
The full line is “When Facts Rock Fiction, Always Cause Friction” (any guesses as to band or song? LMK).


TPW Advisory Friday Musings: When Facts Rock Fiction

<ul><li>There have been big moves a plenty in the 1st H of the year with Nasdaq having one of its best 1st Half’s ever, Japan &amp; Brazil both gaining nearly 20% last Q while several of our favored Cyclical sectors enjoyed double digit gains last month.</li><li>Elsewhere, Global Sov bond yields have risen back to levels last seen in 2008 while record breaking Mexican Peso strength &amp; Yen weakness finally reversed a bit.</li><li>Here’s one for the books – Brent crude oil has now declined for four quarters in a row, the longest such stretch in 35 years! We like energy for the 2ndH.</li></ul>

There have been big moves a plenty in the 1st H of the year with Nasdaq having one of its best 1st Half’s ever, Japan &amp; Brazil both gaining nearly 20% last Q while several of our favored Cyclical sectors enjoyed double digit gains last month.Elsewhere, Global Sov bond yields have risen back to levels last seen in 2008 while record breaking Mexican Peso strength &amp; Yen weakness finally reversed a bit.Here’s one for the books – Brent crude oil has now declined for four quarters in a row, the longest such stretch in 35 years! We like energy for the 2ndH.

TPW Advisory Friday Musings: Digestion Time