Published Research on the Aging of the Population Theme

On this episode of the Thematic Signals podcast, we’re digging into the July Retail Sales and quarterly earnings results from Walmart as both confirm the hard-blowing tailwinds associated with our Digital Lifestyle, Middle-Class Squeeze, Aging of the Population and Cleaner Living Investing themes.

A new report from the United Nations highlights the fact there is no slowing down the aging process and the growing cohort of people over 65 years old across the globe. This is one of the key drivers behind our Aging of the Population investing theme, which focuses on the growing array of products and […]

Chris Versace digs into what investors should be watching in the month of July, in particular, the potential for the Fed to NOT cut interest rates at its July monetary policy meeting, and for earnings guidance to be softer than Wall Street is expecting.

Key points inside this issue  June quarter earnings season could reset second half expectations  Introducing the Tematica Research Cleaner Living Index Setting protective stop loss levels for the Select List  We are issuing a Sell rating and removing both AXT Inc. (AXTI) and Energous Corp. (WATT) shares from the Select List  And the data continues […]

If a picture says a thousand words, then in our view here at Tematica the below chart is simply screaming about the productivity and economic headwind to be had in the coming years associated with our Aging of the Population headwind. While some countries within in the OECD will see a surge in the working […]

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Busy Hospital Corridor With Medical Staff And Patients

As the saying goes, there is no fighting Father Time. There is also the fact that as we age, our bodies suffer from wear and tear. Put those two simple facts together and the demographic shift we are seeing unfold before us that reflects our Aging of the Population investing theme likely means hospitals as […]

Welcome to the Thematic Signals podcast, where we look to distill everyday noise into clear investing signals using our thematic lens and our 10 investing themes. Every week we not only discuss key events that are shaping the stock market, but we also look at key sign posts for the changing economic, demographic, psychographic, and […]

As we have long said, thematic intersections can pave the way for pronounced transformation as two tailwinds change the existing landscape. As we continue to age and live longer, companies are examining new solutions to improve those aged lives. In the past, we’ve seen those take on a variety of forms, and now we are […]

Aging of the Population and Middle Class Squeeze Themes Converge Under the Golden Arches

According to a report by the Economic Policy Institute (EPI): The average household aged 56-61 has amassed a $163,577 nest egg. Over the course of a 20-year retirement, $163,577 amounts to just $8,178 a year, or $681 a month, of income. The median savings for that age group is just $17,000, which means a large […]

News coming out of Bentonville, AR this week details a series of store enhancements and renovations to 500 Walmart stores in the coming years. As we read through the discount retailer’s plans, the “ding” buttons were going off in our heads as many of them directly touch upon our investment themes. At a reported total cost of $11 billion, these plans are set to have a major impact on both store operations and the customer experience of shoppers. Here is a quick rundown of what we learned.

In June of 2018, Amazon (AMZN) acquired Pillpack as its first significant move into the health care space through with its online pharmacy that lets customers buy medications in pre-made doses. Just this week, the internet giant announced that its Echo device — viewed as a critical “trojan horse” across more and more spaces — […]

We tend to be data junkies here at Tematica, particularly as they pertain to our 10 investing themes as well as the overall global macroeconomy. In collecting these data points, from time to time, we receive ones that while confirming for our themes do point to problems ahead. In this case, the latest analysis of […]

For UPS, Amazon’s has success has been a bit of a dilemma for the package delivery service. On one hand, there has been a drastic increase in its package delivery demands, while on the other, Amazon appears to be actively encroaching on UPS’ business model as it continues to expand its own logistics operations, even down […]

Last week’s economic data confirms the global economy continues to slow, and for now, the US remains the best economy on the block. Through the first two months of 2019, the domestic stock market has been on fire even as earnings expectations and dividends continue to be cut. As earnings season fades, time to watch insider selling activity to gauge what lies ahead. Following last week’s earnings report and subsequent drop, we’re doubling down on a Digital Infrastructure Thematic Leader.

We here at Tematica have been discussing the growing number of headwinds to the global economy, but one that even we have not zeroed in on is a somewhat hidden cost associated with our Aging of the Population investing theme. We know people are living longer than ever before, which means they either need to […]

As the Market Bounces Off Oversold Conditions, Is this the start of another bull run?

So far in 2019, we are seeing a reversal of the heavily oversold conditions from the end of 2018. Those stocks that were hit the hardest in 2018 are materially outperforming the broader market in 2019. The fundamentals, however, both domestically and internationally are not giving us reason to think that this bounce is the start of another major bull run. With all the uncertainty out there, despite the market’s recent “feel good” attitude, we expect to see rising volatility in the months to come as these problems are not going to be easily sorted out.

The December quarter earnings season is upon us, and those reports have started on a decidedly mixed front. We’ve gotten more data pointing to a slowing economy, and the government shutdown continues. As we wait for the pace of earnings reports to move into high gear, the second half of 2018 was home to a number of thematically inspired M&A, and odds are more will be had in 2018. We add back USAT shares to the Tematica Select List and review several of the Thematic Leaders.

We have another sign that transformation is underway at the pharmacy, which over the years has morphed from pharmacy only to a mix of pharmacy, personal care products, and convenience store. Yes, I’ve been known to pick up holiday decorations and even some pre-movie candy. There has been another set of pivots, including the launch […]

Artificial Intelligence, robotics, autonomous vehicles, smartphones, tablets, and cloud computing. These are the “sexy” Disruptive Innovators, Digital LIfestyle and Digitial Infrastructure theme gadgets that grab the headlines for the annual Consumer Electronics Show held each year in Las Vegas. What isn’t expected is the latest and greatest purchases we will make for Nana in 2019.

While Baby Boomers are shifting their spending habits across many categories, one “old habit” isn’t going anywhere and that’s their leadership role in the clean eating movement.

Market dynamics are reflecting the increase in macro/political volatility across much of the world, but the headlines have yet to catch up with the primary drivers underlying the deep changes. In our previous Context & Perspective piece, I discussed how we are seeing a profound decline in the level of liquidity at a time when debt levels are back to record highs. This week is a highlight reel of warning signs in the context of those record levels of debt.

An expansion of its telemedicine program with Walmart, T-Mobile and Philips to meet veteran needs, the Department of Veterans Affairs is one to watch for this aspect of our Digital Innovators investing theme, which has implications for two other investment themes.

More and more Americans are finding that instead of enjoying their retirement, they are instead supporting their adult children and aging parents at the intersection of our Aging of the Population and Middle-Class Squeeze investing themes.

Japan is embracing IoT and other disruptive technologies to address pain points associated with its aging population. These could be a harbinger of what’s to come here in the US and bodes well for several other of our investment themes.

We’ve written many times about the predicted nursing shortage as aging Baby Boomers reach a point where they demand more medical assistance and day to day care. A recent article in U.S. News and World Report points to another interesting component of the nursing shortage, one that could essentially be viewed as a self-inflicted pain point for Boomers

After a brutal October, the market has managed to regain some of the ground it lost in the early days of November. But it is unusual for the S&P 500 to lose 10% or more twice in any given year. Going back roughly half a century, such double-dipping typically precedes or occurred in conjunction with a recession, (with the exception of 1987 which wasn’t much fun). Is this time different?

When one company pivots to ride the tailwinds associated with one of our investing themes, it’s a major source of confirmation. When two partner to do that it speaks even greater volumes about the power of the thematic tailwind to be had.

While the retirement from the workforce by Baby Boomers will have a profound impact on leisure activities and travel, what about those that simply can’t afford to support themselves for 20 to 30 years with only passive income?

Retail companies, like Proctor & Gamble, are tapping into the changing needs and preferences of the aging population to jumpstart their growth prospects.

Feeling the combination of rising debt and fear of being undersaved — hello Middle-class Squeeze — more Americans are diverting from spending to saving, but if we see a pronounced pickup in saving it could become a meaningful headwind for the economy. The silver lining if that comes about is those companies that we’ve identified as riding our Middle-Class Squeeze investing theme are likely to see a more favorable tailwind.

The growing Boomer population will have profound implications – both good and bad – for the housing market according to the National Investment Center for Seniors Housing and Care (NIC) and we could not agree more.

What we are currently seeing in the market is a symptom of a whole lot of leverage in equities that had been in rich territory at a time when, even though it is still moving along, signs abound that the economy is slowing. Is this a ‘buy the dip’ opportunity or is it just the […]

On their own, each of Tematica’s 10 investing themes is pretty powerful, but when two or more of them come together they form some pretty powerful tailwinds and formidable headwinds. Our Aging of the Population investing theme focuses on the demographic shift that we are undergoing and our Middle-Class Squeeze one addresses the economic pressure […]

In this issue, we finish our thematic recasting as we revisit our Aging of the Population investing theme and introduce AMN Healthcare (AMN) shares to fold.

Safety & Security, one of Tematica’s investment themes that probably has the most relevance in the headlines on a day-to-day basis. The theme essentially reflects the defensive posture we as a society have adopted as of late — one cause of which was the aftermath of the 9-11 Attacks 17 years ago — across all areas of our lives: homeland protection; protection of ourselves, our homes,  and possessions; protection of corporate assets; and protection of data across all levels.

When even the owner of a gym is struggling the time for fitness, we see the market as ripe for a Disruptive Innovator. Peleton is the first major entrant into this space we see between Disruptive Innovator and the Digital Lifestyle in which those seeking fitness are able to squeeze a class into their ever […]

One of the realities of our Aging of the Population investing theme is older people have shifted from living off income from jobs to income generated from savings and investments. Generally speaking, this usually leads to a sentiment shift from being spenders to becoming more thrifty. That economically induced change is a looming headwind for […]

Evolving market dynamics tend to raise questions and create pain points along the way no matter the industry. We’re seeing some of that with our Aging of the Population investing theme that is poised to experience what investors call an expanding total available market given the population dynamic in and out of the US. Given that […]

There is are several factors pressuring margins at hospitals that are poised to accelerate the pace in hospital closures. This comes at a time, keeping with or Aging of the Population investing theme and Boomer Economy Index, that population dynamics are expected to drive a spending shift that favors the demand for healthcare. As we […]

Acquisitions are one way a company can transform its business as it looks to tap into the tailwinds associated with our thematic lens. I’ve talked before about how Best Buy is targeting the Boomer Economy, another way of describing our Aging of the Population investing theme, and earlier this week it took another step in […]

  When it comes to the confluence of our Digital Lifestyle and Aging of the Population investment themes, this recent article from eMarketer hits the nail on the head: A June 2018 survey by the International Food Information Council (IFIC) Foundation in collaboration with AARP Foundation shed more light on the digital grocery buying behavior of older […]

We’ve talked quite a bit over the last several quarters about the nursing shortage in the US that has fueled the sharp climb in AMN Healthcare shares. Now we are hearing the same in Germany, with the root cause serving as a confirming signal for our Aging of the Population investing theme and its global […]

In Japan, the number of elderly people aged 65 or older accounts for roughly 27%  of the country’s 127.1 million population and by 2050 it’s expected to reach 40%. This data from World Population Review suggests Japan is the oldest country in terms of aged population and will remain so. For us here at Tematica, it […]

Amazon’s recent PillPack acquisition and surging health and beauty sales should have not only have traditional pharmacies and beauty retailers concerned but really every retailer should be asking themselves just how “Amazon-proof” is their business model?

  There is only so much one can learn from a two-dimensional book, and that is prompting the use of holograms, one of the technologies inside our Disruptive Technologies investing theme, in educational settings. Given the many systems and their inner workings inside the human body, holograms are a natural fit with medicine, and in […]

There are several downsides to our Aging of the Population investing theme, one of which centers on the rising cost associated with aging associated with healthcare. As this new report from Vanguard Group shows, there that cost balloons as we live longer and longer and that poses a savings and investment pain point for us […]

This week Amazon finally did what it was long rumored to do — enter the pharmacy space with its acquisition of PillPack, an online pharmacy that lets customers buy medications in pre-made doses. From my perch, I see the long expected move by Amazon into the pharmacy space as putting pressure on the prescription drug business, especially for […]

One of the problems with US investors is they tend not to look much past thier shores for investment opportunities or confirming data points. Here at Tematica, we recognize our investment themes are global in nature, and that causes us to take a more wholistic perspective. The US is not the only country battling truck […]

A new report released by the Senior Citizens League showcases the intersection of our Aging of the Population and Middle Class Squeeze investing themes as it reveals “a 4 percent loss in Social Security buying power from January 2017 to January 2018 and a 34 percent decrease since 2000.” Talk about a major ouch for […]

  One of the realities of the one-two punch of the Aging of the Population and Cash-Strapped Consumer investment themes across the globe is a workforce that is getting older. The size of the population over the age of 60 is set to more than double in the next 35 years across the globe and […]

Tematica’s Chief Macro Strategist Lenore Hawkins has been rather vocal on the two issues hitting the domestic housing market – a lack of supply and escalating prices that are shrinking the pool of potential buyers. While one would think homebuilders would respond with more affordable housing, they are also contending with increases to their own […]

Plain and simple, we are seeing more American retail and brand companies from Starbucks to Walmart tie their growth prospects to the rising middle class in Asia, and China in particular. We here at Tematica are not surprised given prospects for discretionary spending to be had compared to here in the US where debt service […]

Confirmation of our investment themes can come from a variety of places, including CEO interviews and how we love it when they do just that. The cruise industry is benefitting from several thematic tailwinds, including the Aging Population as well as Affordable Luxury, but it’s the push-pull inside our Rise & Fall of the Middle […]

In February 2017, the Front Porch Center for Innovation and Wellbeing (FPCIW) launched its Amazon Alexa Pilot at Carlsbad By The Sea (CBTS). The positive results from the pilot showed the positive impact Alexa and smart home technologies can have in the lives of older adults: 75% used their smart devices at least once a day. 100% […]

We keep hearing the mainstream media talk about the improving economy and the falling employment rate, but beneath the headlines and talking heads, we’ve seen consumer debt continue to climb. Why? Because those who don’t have sufficient funds either have to borrow, the likely option, on in some cases sell something. This has increased borrowing […]

A Venn diagram overlay on our Aging of the Population and Rise & Fall of the Middle Class reveals a looming squeeze of the undersaved aging population. We’ve written quite a bit here about the low percentage of Americans that have socked away monies pre- and post-tax into retirement accounts and even emergency fund or “rainy […]

In his 2018 shareholder letter, Amazon’s Chairman and CEO Jeff Bezos cited the company’s “unrelenting customer obsession” and its aspiration to be “to be Earth’s most customer-centric company”  but also thanked the “hundreds of millions of divinely discontent customers around the world who push to make us better each and every day.”  With Baby Boomers […]

Brookdale Senior Living is a company that is positioned to benefit from our Aging of the Population investment theme. But we must determine whether those thematic tailwinds are enough for its stock to earn a buy rating at this point in time.

The Boomers have gotten a bad rap when it comes to technology. Perhaps it can be traced back to the famous scene in with Billy Crystal in the City Slickers movie and how to tape one channel on a VCR and watch another. View it here Flash forward to present day, and in many cases, boomers have […]

Over the next 12 years, all of the baby boomers will have moved into the senior generation, resulting in a major structural shift in demographics. From 2010 to 2030, the percent of the population over 65 will increase from 13 percent to 19 percent while the percent of the U.S. population aged 20-64, the primary […]

Another reminder there is no fighting Father Time and our Aging of the Population theme is fueled by an expanding market

NIRP, the European Central Bank’s Negative Interest Rate Policy, can block wealth creation for those that can’t reach directly into the ECB’s printing press. Here’s one way you probably hadn’t considered and it may be hurting your portfolio without you even knowing it.

A new report from Deloitte highlights one of the downsides of our Aging of the Population theme – the simple fact that economic growth is tied to the number of working-age people in a country’s population. Given prospects for a rising working population, India is widely expected to be the driver of global growth in […]

  Jane Helgesen had a rough night recently, as nausea kept the 71-year-old retired nurse scurrying to the bathroom. A sensor under the bed recorded her comings and goings, sending alerts to her daughter, Britt, who lives nearby. Feeling better the next day, Helgesen used a doorbell camera to welcome guests, whose images are displayed […]

We have shared many a data point on the hidden costs associated with our Fattening of the Population investing theme. Recently the Center for Disease Control and Prevention reminded that us the vast majority of people do not realize the degree to which obesity and being overweight leads to cancer and other healthcare issues. We […]

A new study that examines the re-entry to the workforce by retirees shows that it’s more than Cash-Strapped Consumers that fall within the confines of our Aging of the Population investing theme. In addition to those that haven’t saved enough to retire, others that miss the social, as well as intellectual challenges of working, have […]

  In keeping with our Aging of the Population theme, for a growing percentage of the American population retirement, if they can afford it, is right around the corner. While many may plan to enjoy their “golden years,” for an increasing share of older Americans, they may have to embrace a different role –  unpaid care for […]

Expenditures for taxes and healthcare are growing materially faster than incomes. For an economy to survive let alone thrive, no one area of expenditure can continue to rise faster than incomes. We saw this during the last business cycle as home prices continued to rise much faster than incomes – at some point, households can no longer keep up with the expense, typically with profound consequences for the economy as a whole. Many American families are feeling an awful lot like that hamster racing around on his wheel only to find he’s gained no ground.

Over the years, we’ve seen the positive as well as the negative impact of regulatory mandates. Given our Aging of the Population theme, we suspect there is growing demand to be had for the Disruptive Technology that is self-driving cars. We also see the technology changing retail and grocery as well. While some may get […]

This morning an article in Investor’s Business Daily focused on one of our investing themes, the Aging of the Population and its impact on economic growth and certain sectors of the economy. Combining the headwind of a growing portion of the population moving into the sunset years with massive levels of student debt, the housing sector looks […]

We can sympathize that saving in today’s always on, always connected get what you want now, you only live once can be a challenge. This larger issue, however, is people are saving far less than they have in the past, and while some of is related to a lack of wage growth that is one […]

There’s no disagreement from us on the underlying thesis of this article by the Wall Street Journal — that until either gas prices go up or battery prices go down, it’s still going to be cheaper to own and operate a combustion engine car. But when we look at the landscape today through our thematic lens, we see a different narrative begin to emerge

Amazon’s Echo is about to have some more competition in the digital assistant arena: China’s e-commerce giant Alibaba will start selling a $73 voice-activated speaker.The Tmall Genie X1 will be available for 499 yuan ($73) to the first 1,000 people who buy it during a one-month trial, the company announced on Wednesday. It may prove […]

    Consumers say they’re happy with service at restaurant chains, but that doesn’t mean they’ll come back.Restaurant service scores rose 10.2 percent in April, according to a new Restaurant Guest Satisfaction Snapshot by White Box Social Intelligence, from the Dallas-based data company TDn2K.But when asked whether they intended to return, consumers were far less […]

As the face of retail morphs in response to several of our thematic headwinds, including Connected Society, Rise & Fall of the Middle Class, Food with Integrity and the Fountain of Youth,  brick and mortar retailers and mall centers are attempting to innovate and improve their in-store experience. We’d note the following trends that per […]

Executive Edge: Amazon considering entering pharmacy business  5 Hours Ago | 01:08Amazon is hiring a business lead to figure out how the company can break into the multibillion-dollar pharmacy market.For the last few years, Amazon has held at least one annual meeting at its Seattle headquarters to discuss whether it should enter the pharmacy business, says […]

About half of retirees today either have worked or plan to work in retirement, according to a joint study conducted by Bank of America Merrill Lynch and Age Wave. That number is set to escalate in the coming years, with 72% of pre-retirees over the age of 50 saying their ideal retirement includes work in […]

TrumpCare passing the House and heading to the Senate for a vote has put pressure on healthcare workforce solutions company AMN Healthcare (AMN) even as it reported better than expected March quarter results.

As senior vice president for HP Inc.’s laser-jet business unit, Pradeep Jotwani put in 70-hour workweeks and traveled tens of thousands of miles each year, leaving him little time for much else. So when he turned 60 two years ago, he was ready to wrap up his 28-year career at HP. Yet he dreaded the […]

While many of the policies suggested by the Trump administration would likely have a stimulative effect, they must be assessed within the context of today’s economic reality.

We are always on the lookout for confirming as well as contradicting data points for our 17 investing themes across a variety of sources. It’s always great to uncover one that hits the bullseye and this week the Journal of the American Medical Association (JAMA) did just that with our Foods with Integrity theme. As the […]

You’ve probably already learned that on Wednesday the Federal Reserve Open Market Committee increased its Fed Funds rate to 0.75 – 1.0 percent. The markets were concerned that we would hear a much more hawkish tone from the Fed, which would have implied a possibly faster pace of rate hikes. Chair Janet Yellen’s prepared speech coupled […]

While the February Retail Sales Report headline figure came in as expected, thematic tailwinds and headwinds paved the way for those sectors that saw stronger retail sales and poured cold water on those that continue to contract.

Healthcare expenditures are being driven by a combination of our Aging of the Population and Rise & Fall of the Middle Class investing themes, but there are two other Tematica themes that are poised to change the how, where, when and why people consume healthcare — Connected Society and Disruptive Technology. There is little argument that […]

One of our investing themes here at Tematica is the Aging of the Population. The first baby boomers are turning seventy this year, with another 1.5 million joining the 70+ crowd every year for the next 15 years. That means that we will be seeing record numbers of workers leaving the labor pool, which has a […]

. . . Bad news various studies are finding that real spending actually declines in retirement by as much as 1% to 2% per year. Compounded throughout retirement, this discrepancy between standard industry assumptions and actual retiree behavior may be underestimating the safe withdrawal rate.”It appears likely that at least some kind of reduced-spending-over-time assumption […]

An update on this Aging of the Population theme company with its business extremely well positioned to benefit from the healthcare worker shortage that we continue to see in the monthly JOLTS report.

Donning our thematic hats and looking at the January report, we find continued support for the accelerating shift toward digital commerce in the January Retail Sales Report.

Earlier today the Census Bureau published its report on January Retail Sales, which topped expectations with a print of +0.4 percent vs. the expected 0.1 percent. Stripping out January Auto sales and food services, Retail sales +0.2 percent month over month. To us, the more telling figure was the 5.1 percent year over year increase […]

Yesterday we talked about what the mainstream financial news isn’t telling you as the stock market continues to rise into headier and headier territory, so today we are going to discuss just what would need to happen for those lofty valuations to make sense and not feel like we are on a wobbly ladder climbing to […]

Boomers hold roughly $10 trillion in tax-deferred savings accounts, according to an estimate by Edward Shane, a managing director at Bank of New York Mellon Corp. Over the next two decades, the number of people age 70 or older is expected to nearly double to 60 million—roughly the population of Italy. Firms that manage 401(k) […]

Several of our investment themes have tailwinds that can be polar opposites, while others are complimentary like our Aging of the Population and Fountain of Youth themes. As more people age, more of them try to fight the effects of aging and look younger. That’s been a boon for skin-care products and unsurprisinlgy they’ve been […]

While we’re not ready to call the egress of retired Americans to areas around the globe that are more affordable the intersection of our Cash-strapped Consumer and Aging of the Population themes just yet, it is something we are watching. The “just under 400,000 American retirees now living abroad” is less than 0.5 percent of […]

 According to data published by the Administration on Aging, about 28% (12.5 million) of noninstitutionalized older persons live alone (8.8 million women, 3.8 million men) with almost half of older women (46%) age 75+ live alone. There are all sorts of concerns over this aspect of our Aging of the Population investment theme, but where there […]

  Seniors are migrating out of the MidWest and Northeast and heading to the South Atlantic and Western states in search of not only warmer temperatures but also a lower cost of living in order to extend the value of their retirement nest eggs.   About 593,000 people left the Northeast and Midwest to move […]

We may have stated the obvious in the headline — that our Aging of the Population investing theme focuses on aging — most ETF’s, funds and investment strategies in this category seem to focus entirely on the health and livelihood of those entering and living in their golden years. But while the saying goes “at least […]

Aging of the Population . . . the easy checklist on companies riding the thematic tailwinds of this worldwide evolution of population demographics includes healthcare, financial services, real estate, funeral services . . . Not so fast on that last one — changes in the prevalence of cremations is turning the industry on its head, […]

New data from the Beureau of Economic Analysis presented in a digestible map thanks to the Tax Foundation shows that $100 is not the same depending on the state you live in. Some have more buying power, but if you’re in New York or California those after tax dollars are not going  as far as […]

Adding some call options to a recently added nursing stock position as part of our Aging of the Population and Scarce Resources thematic, given the shortage in nurses throughout the country, with only more demand coming down the pipe.

  The Aging of the Population isn’t a theme just playing out in the United States as the Baby Boomers move deeper and deeper into their golden years.  As the chart below, this is a global issue.     At Tematica Research, It’s an investment theme that we look at from all angles: healthcare, financial […]

“Skilled nursing in most states requires a certificate of need, which creates a barrier of entry, so that area has not been overbuilt,” says Richard Lynn, associate of the National Seniors Housing Group at Marcus & Millichap in Oakbrook Terrace, Ill. “Independent living also hasn’t been overbuilt because it is want-based and not need-based. The […]

The Rise & Fall of the Middle Class investing thematic we’ve developed at Tematica Research largely looks at the emerging middle class in developing countries and their increasing demand for goods and services — everything from healthcare and communications, to clothing, food and consumer goods. The demand for cheap labor has led companies from all […]

Thematic investing delves deeply into emerging trends and all the ways that the economy will have to adjust to the underlying changes. The Aging of the Population thematic isn’t necessarily a new idea — we’ve been talking about the Baby Boomers for well, 60+ years now. However, this demographic shift isn’t just about healthcare and assisted living stocks […]

In New York City, the push is on to create housing options for what will be nearly 2 million residents over 60 in the year 2040. Such development has traditionally been out in the suburbs, but when you have more than 10,000 baby-boomers during 65 each day, the demand will allow for these projects to take […]

Cashless Consumer, Connected Society, Safety & Security and Aging of the Population — four of our investment thematics all converging into one trend . . . mobile payments. As popular and convenient as paying through the smart phone has become, there are still holdouts, and thus room for growth. Generational demographics could be keeping smartphone payment technologies from gaining real […]

While most acknowledge that people are living longer, one area that people are only coming around to realizing is living longer means either having to save more for their golden year or working later in life. As the data shows, however, it’s looking more and more like people will have to retire later (if at […]

A data point that conflicts clearly conflicts  our Aging of the Population investing theme – not a bad thing per se it just means double checking other data and seeing if this is an aberration or the start of something. “It’s an uptick in mortality and that doesn’t usually happen, so it’s significant,” said Robert […]

This week, you’ll see our greater emphasis on a thematic approach to investing on full display, as we dig into the realities of the economic slowdown and its impact on what we call the Cash-Strapped Consumer. We also jump right into the crunch between the Aging of the Population and the Scarce Resources that trend is creating — a nursing shortage.

While the “bad news is good news” move in the market over the last few days is decidedly more enjoyable than those gut-wrenching market falls of late, it’s like a party that goes on for too long; at some point someone has to turn off the music, close up the bar and call it a […]

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What is Thematic Investing

Thematic investing looks to identify pain points by looking at the intersection of shifting economics, demographics, psychographics and technologies, mixed in with regulatory mandates and other forces. Such pain points result in a pronounced secular market shift that shapes and impacts behavior, forcing companies to make fundamental changes to their businesses to succeed.  Read More >>

What We Do at Tematica

Tematica Research provides equity research, economic insights, and investment ideas based upon its proprietary thematic perspective of the world and financial markets. The thematic discipline utilized by Tematica across its research and economic commentary, as well as its index and portfolio construction efforts, is the culmination of the more than 20 years Chief Investment Office Chris Versace spent analyzing industries and companies.  Read More >>