The space industry is shifting to a commercially viable market, fueled by lower launch costs and satellite scaling, unlocking a trillion-dollar opportunity.

America is in the middle of a construction boom that could create significant opportunities for companies throughout the infrastructure development value chain.

In a HALO backdrop, hard-asset and global-investment-cycle themes – such as commodities, infrastructure, electrification, defense, and EM – could gain traction.

The conflict in Iran is adding pressure to already tight defense stockpiles, which could accelerate procurement cycles and boost fundamentals.

The growing water supply/demand imbalance will require significant investment, potentially benefitting companies throughout the clean water value chain.