Investment View Q3-2021 ǀ Unplug vs. unanchor

In Short

Peak growth, peak policy? Don’t exaggerate it. The global economy will still grow above-potential in the second half of the year. The Fed’s new AIT mandate lacks clarity, and re-interpretations will cause hiccups. But the policy unwind will be slow; so will be the transition from early- to mid-cycle. The rising stock-bond correlation is bad news for diversification: how to invest?
Investment View Q3-2021 ǀ Unplug vs. unanchor
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