Yesterday, Ensemble CIO Sean Stannard-Stockton appeared on CNBC to discuss our market outlook, thoughts about Fed policy and some of our favorite investment ideas. In the clip below, Sean discussed both Google and Booking Holdings. In his comments he noted the recent data showing a reacceleration of ecommerce growth rates above in person spending growth and discussed the implication for Google Search ads. On Booking, he talked about the re-opening of Chinese outbound tourism, which made up 15% of global international travel prior to COVID, and the impact it will have on the hotel industry.

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Travel & tech were among the most beaten down sectors in the recent past. But going into #2023 Sean Stannard-Stockton of @IntrinsicInv has his top #stockpicks from these two areas. Would you invest in #travel or #tech? $BKNG $GOOGL@TanvirGill2 pic.twitter.com/4h1TSKMhI4

— CNBC’s Street Signs (@StreetSignsCNBC) January 6, 2023

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