As the economy recovers and cyclical stocks begin to outperform, we look at the connection between equities and US Treasury yields.

Despite its huge impact, the Covid-19 pandemic has done little to disrupt the powerful structural trends driving growth in emerging markets, and we expect those trends to gain momentum in the coming year

Erst wurde eine Angebotsknappheit befürchtet, nun droht ein Nachfragerückgang. Die Rezessionsrisiken sind hoch.