Themes 2020

Trade, Tariffs & Anti-Globalization

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What is the lasting significance of the trade policy shifts initiated under the Trump Administration?

While trade disruption has been the focus of markets and exerted substantial drag on US investment and growth, the longer-term stakes may be higher over the high-tech arms race between China and the US. We expect investment restrictions, capital controls, industrial policy, supply chain de-linkage, and export controls to emerge as new weapons of choice. We also anticipate tension between the US and Europe to increase as regionalization replaces globalization, with technology, agriculture, currency and autos all creating new fronts. Recent developments expanding CFIUS involvement in markets, FCC bans on Chinese equipment purchases and Entity List designations all underscore an evolving paradigm shift that is blurring traditional trade policy lines.

What we’re watching:

  • USMCA
  • Supply chains
  • Export controls
  • Currency wars/capital controls
  • Industrial policy
Themes 2020

15 Themes to Focus on 2020: A Handbook for Portfolio Managers

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117

Cowen Washington Research Group reports published on trade-related issues from January through November 2019

46

Cowen Washington Research Group reports analyzing critical trade issues through use of classic song titles

Research

A Strategic Review Of The State Of The Capital Markets In Q4 2022 & A Look Toward 2023

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Despite Macro, Identity & Access Management Remains Resilient

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Events

New York, NY

Jun 06, 2023

7th Annual Future of the Consumer Conference

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Boston, MA

Mar 06, 2023

43rd Annual Health Care Conference

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Arlington, VA

Feb 15, 2023

44th Annual Aerospace/Defense & Industrials Conference

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