Beyond market consensus: Five structural changes investors need to pay attention to

Of the two dozen or so forecast calls and year-end pieces I have read, I have not come across one analyst deviating from the popular view: higher equities, a steeper US yield curve, a weaker dollar, stronger EM currencies, equities, and bonds, and higher commodity prices. With the exception of the dollar, I have had this outlook since the middle of 2020 for most assets and have been positive on equities since late March last year. Here, I will try to focus on what might be better value-add insights. Thematic, systematic, pragmatic: Why multi-strategy investing still has a place in 202...