Did Covid’s ‘creative destruction’ benefit global markets?
Unprecedentedly low central bank rates before the pandemic distorted government and corporate bond prices
Unprecedentedly low central bank rates before the pandemic distorted government and corporate bond prices
But ‘there is a big difference between growth-at-any price tech and growth tech at a reasonable price’
PMI measures showing very strong readings for global manufacturing activity
There is a ‘troubling divergence’ across countries
Forecasts can look to impose their will on the future, leading to overconfidence
When the US Fed also pursued an aggressive monetary policy by lowering interest rates and using QE
Look through the short term, filter out the noise and remain patient until the overall trajectory becomes clear
From central bank policy to the effect on households, asset managers on how inflation will pan out this year
Which sectors returned the most, lost the most – and what, if anything, this intimates for the coming year
In a festive Q&A series investment experts reflect on how much markets and work life have returned to normal in 2021
‘So far, indications are that Omicron is more contagious but less dangerous’
ESG and the risk of rising inflation look set to reprise their roles as major investment themes in the coming year