In recent months, falling political uncertainty, two powerful rounds of fiscal stimulus and the rollout of covid-19 vaccines have resulted in a long-anticipated rotation in markets. Since early November, value stocks have outperformed growth, small caps have outperformed large and international stocks have outperformed their U.S. counterparts, with each of these moves reversing a multi-year trend. U.S. long-term interest rates have been at the center of this move, with 10-year Treasury yields rising by almost a full percentage point between the day after the 2020 elections and last Friday.
Podden och tillhörande omslagsbild på den här sidan tillhör Dr. David Kelly. Innehållet i podden är skapat av Dr. David Kelly och inte av, eller tillsammans med, Poddtoppen.
