AI, internet-based business models, Net Zero, emerging market consumer, and top brands (last one a sort of moat play)

Scott Chronert's 'Thematic Thirty' stocks as, he says, we shift out of markets being driven by inflation, recession, and Fed concerns, and into more stock (pick) -based investing.

More of a longer-term structural growth bias, which is their means of negotiating this onoging Fed-on-Fed-off economic-recession-or-not situation. A path to look across an economic valley to the other side.

Because the market almost at their target for S&P, investing needs to shift away from an index focus around traditional macro variables to a much more bottom-up focus.

The first half of the year, the major multiple compression on the initial inflection and rates was on the growth side of the market, 'which is gonna align with a lot of the themes' he's talking about.

The rate effect of multiples has been mostly priced in. June low.

They follow 99 themes. But there are a lot of companies in the S&P that don't follow this thematic approach.