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Top thematic ideas for H2

Podzept from Deutsche Bank Research

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The Reopening of the NASDAQ Composite

We're expecting companies with either high leverage or low operating cash flow to find themselves in a bit of a sticky situation. For H2 though, we are expecting things to pick up. It's also interesting to note that while there were a lot of stories about geopolitical tensions between the US and China in H1, the recent rhetoric has been far more positive. The other reason is that we see a weaker dollar in H2 because of the things we just discussed before benefiting emerging markets. And what's the number one way to in most emerging market indices?

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