While the tailwinds of the pandemic are subsiding, we are still a long way from a true ‘back-to-normal’ world.
From a macroeconomic perspective, while we have experienced a short period of market ebullience as the economic reopening and lifting of lockdowns instilled excitement across the US market, this is likely to fizzle out and give way to a period of slower, yet still robust economic and earnings growth in the months ahead. However, these catalysts will still be powerful enough to elongate the bull market. Many US investors may still be cautiously assessing the likelihood of recession risks, while some are patiently waiting for a period of market downturn to provide an opportunity to depl...
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