A Brave New World
With the conclusion of US elections and availability of several vaccine options, financial market uncertainty has eased. However, evidence of return to value investing is a bit premature. Technology trends seem to continue.
After the elections, US bond yields moved higher from an all-time low of 32bp in March. Initial bond market and yield fears were dispelled. However, in the long-term, these concerns may be justified.
Despite the rise in oil prices, the energy sector remains cautious. The stock market still waits to settle down with administrative changes which may continue beyond Biden’s inauguration. With an acceleration in digital services, the information industries may have greater momentum.
Head to the link below to read more.
https://transfin.in/relax-rotate-reflate-what-are-the-indicators-driving-a-pandemic-induced-economy