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Infrastructure programs are economically necessary but often politically sensitive. President Biden may have hit the right time and tone and appears to be using rivalry with China as a lever.
By: Stefan Kreuzkamp
The first quarter was propelled by rising growth expectations and bond yields, as well as by a rotation into cyclical stocks.
By: David Bianco
First-quarter S&P 500 EPS will likely beat estimates: Market priced for 10% or more
It is sadly foreseeable that economic growth in continental Europe will once again lag well behind other economies in 2021. That need not spell financial-market disaster.
By: Martin Moryson
Is inflation back? Is its current rise permanent or just temporary? And what are the implications of reviving inflation for the capital markets?
By: Darwei Kung
Oil takes a break after dizzying heights
Commercial-real-estate prices are driven by many factors, including inflation. Rising inflation expectations are likely to support this segment of the property market.
Rising Treasury yields: how high will they go?
By: Christian Scherrmann
Remain complacent – but only about monetary policy, not the pandemic
The global economy is expected to achieve remarkably high growth in 2021. This is a good basis for the capital markets, but it creates risks and may require reallocations.
The rapid pace of U.S. vaccinations is just one of several arguments in favor of the U.S. dollar compared to the euro.
Joe Biden’s inauguration looks increasingly likely to mark a sea change for sustainable investing. This could have lasting implications well beyond U.S. shores.
By: Johannes Müller, Peter Doralt
The bond market is already fretting about the U.S. economy overheating. However, we continue to think that the looming spike in inflation rates will be transitory.
Equity investing with earnings quality considered
How much longer will central banks and regulators watch the rapid growth of cryptocurrencies? Measured against the U.S. money supply, they are already astonishingly large.