INSIGHTS

Rising interest rates could kick off a period of financial-market instability despite forecasts for economic growth in 2021.

Rising interest rates could usher in a period of instability in the financial markets despite the economic growth forecasts for 2021

Rising interest rates are changing the economic and financial environment for investors. That change calls for a cautious approach to equity investing.

The current regime shift in financial markets calls for a cautious approach to both fixed income and equities

Though we remain fairly constructive in the short term, we’re uncomfortable with the consensus among investors as the year gets under way.

Though we remain fairly constructive in the short term, we’re uncomfortable with the consensus among investors as the year gets under way.

It will take a long time for even a robust upturn to repair the colossal damage done to the economy in 2020.

It will take a long time for even a robust upturn to repair the colossal damage done to the economy in 2020.

Due to its unique severity, the 2020 shock is likely to have momentous long-range consequences.

The shock to confidence affecting all economic agents seems hardly conducive to a V-shaped recovery.

For the first time in thirty years, geopolitics could once again take precedence over world trade

The end of a given monetary policy stimulus unavoidably raises the cost of risk, thereby reducing price/earnings ratios

The key question is whether protectionism will actually prove beneficial to the US economy. Chances are it won’t.