Welcome to Thoughts on the Market.

I'm Adam Virgidamo, U.S. equity strategist and head of U.S.

of the Matic Investing at Oregon Stanley Research.

And I'm Simon Flannery, equity analyst covering North American telecom services and communications

infrastructure.

And on this episode of the podcast, we're going to be talking about the return of capital

investment or CAPEX as the world moves past the pandemic, along with some key areas for

investors to watch.

It's Tuesday, June 29th at 9am in New York.

No, Adam, as regular listeners of the podcast have no doubt heard, one of the major themes

from our economics teams may mid-year outlook is the return of CAPEX.

Capital expenditures by businesses on equipment, property, technology, et cetera, new physical

assets and upgrades, things that allow a business to boost productivity.

Obviously, it's a key investment theme for the equity strategy team as well.

Maybe you could tell us a bit more about your return to CAPEX theme.

It's absolutely a key investment theme for us because the reality is we haven't really

had a robust CAPEX environment for quite some time.

So this represents a change in overall view.

Companies are starting to invest more.

And why?

Well, the economy's running hot, costs are rising.

They need to be able to meet demand.

...