Industrials Starting to Lose Their Edge Auto Demand Takes a Step Back The Rent Narrative May Get Messy Bank Loans, Munis and TIPS on the March Total Return & Issuance Recap View PDF
Investors’ demand for equities, namely of the global and thematic variety, has reached an extreme relative to the safety of U.S. Treasuries. It will be ‘global synchronized growth’ for investors in 2021.
Summary Travel, Energy and Materials Dominated Q4 Excess Returns Credit, Equity Divergence in the Energy Sector The Automotive Industry Looks for a Fast Start to 2021 Regional Banks in Focus Total Return & Issuance Recap View PDF
Over 50% of flows into ETFs over the final three months of 2020 were directed into global and inflation-friendly assets. Global synchronized growth better show up in 2021!