The Fed’s decision to start tapering bond purchases from this month has been received well by investors. Global stocks hit a new record high and Treasury yields and the USD remained range-bound as investors continued to focus on strong corporate earnings beats. We expect easy financial conditions to prevail and growth and earnings to continue surprising positively over the next 6-12 months, helping equities outperform bonds and cash.
Speakers:
- Fook Hien Yap, Senior Investment Strategist, Standard Chartered Bank
- Marco Iachini, Cross-Asset Strategist, Standard Chartered Bank
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