We think that the post-crisis world will be more indebted, less global, and more digital. Investors will need to contend with higher taxation, financial repression, and moderately higher inflation, along with populism and protectionism, while navigating the transitions from global to local supply chains, and from physical to digital.
Dive into our three key trends and discover what the world will look like after COVID'19.
Our latest – and earliest – investment research covering breaking coronavirus news.
Where are we now?
COVID-19 has clearly become the single most important driver for financial markets over the last several months. After a strong rally from the March lows, equity markets have been range-bound. Investors are weighing hopes of a recovery against fears of a “second wave” of virus cases, high valuations, and US-China trade tensions. In our latest House View Monthly, we offer some perspective on these worries and why changing sentiment could revive and broaden the advance in equity markets.
Euro Stoxx 50
USD IG spread
USD HY spread
House View positioning
Read the full report today
A less global world
Dealing with debt
Dive deeper into the three key trends, consequences and our recommended investment actions.
How to prepare for a bear market
In light of recent events, here are some of the lessons we've learned about how you can prepare your portfolio and financial plan for the unexpected.
Unfortunately, history tells us that the quest for the perfect hedge may be a wild goose chase. No matter how well-intended or designed, the strategies that provide the most potent protection against equity downside risk also tend to be the most costly as they sacrifice long-term growth potential.
We typically recommend prioritizing cost-effective protection before moving on to less-reliable or costlier hedging strategies. Below are four “damage mitigation” strategies, in declining order of efficiency.