India Bans Wheat Exports; Baby Formula & Diesel Shortage in US: Repeat of Beggar Thy Neighbor Policy
What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages?
- What is the common theme for beggar thy neighbor policies and higher inflation rates as evidenced by surging wheat prices, higher diesel prices, and infant formula shortages?
- These factors are likely to continue to favor value stocks which have outperformed the growth stocks in the past six month globally, including in South Korea.
- Value-Oriented sectors including financials, telecom, F&B, and oil refineries have been outperforming the growth sectors in Korea in the past six months and we believe this trend could continue.
By Douglas Kim - https://www.smartkarma.com/profiles/douglas-kim?utm_source=tiger_community
On Cross Asset Strategy - https://www.smartkarma.com/collections/cross-asset-strategy?utm_source=tiger_community
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