Recovery and Rotation
Our annual outlook is based on two themes that we believe are set to shape 2021 – global recovery and a rotation in cross-asset performance.
Effective vaccine options against Covid-19 bring the return to ‘normality’ within much closer reach. This underpins our positive outlook for global growth and risk assets.
While central banks remain accommodative, the path to economic recovery will not be without bumps in the road. Confidence in our positive outlook is tempered by continuing downside risks.
David covers the market environment, expected sector rotations, areas for opportunity and risk-management pointers in his macro outlook paper.
To find out about David’s four leading investment trends for 2021, click here.