The global economy is likely to make good progress along the path to recovery over the cyclical horizon, especially in the second half of 2021. However, much of this growth is already priced in to markets. Investors should also beware of several macro risks that
Winning two Georgia Senate races gives Democrats control of the U.S. Senate by the narrowest of margins – and for the fourth time in the history of the Republic there will be a 50–50 Senate with Vice President-elect Kamala Harris able to cast the 51st
An edited version of this blog was originally published in the Financial Times on 22 December 2020. In a year when investors questioned whether a traditional mix of stocks and bonds, the so-called 60/40 portfolio, is obsolete, the closely watched benchmark1 for the strategy delivered
At the December 2020 meeting of the Federal Open Market Committee (FOMC), the Fed kept the pace and composition of its asset purchases unchanged, but provided new forward guidance, in line with expectations. According to the Fed statement, the current pace of asset purchases will