Speed Read:
Stock markets have rebounded strongly over the last year. But it would be a mistake to assume we are back to “where we were” pre-pandemic. The macro outlook has completely changed.
Most importantly, coronavirus has reset the economic cycle and provided powerful policy breakthroughs.
The world’s ongoing thirst for government largesse will be the pandemic’s lasting legacy. Expect “high pressure” economics to persist well into the future.
Yet expectations for investment returns have become higher. We are now entering the next phase of the bull market where underlying fundamentals must deliver to keep the party going.
Read full article here: https://forstrong.com/ask-forstrong/ask-forstrong-lessons-from-the-last-year-v-shapes-and-regime-shifts/
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