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Steven Bell Monthly Update – Vaccines versus variants: where to next for markets?
The pattern of global growth is dominated by vaccine roll-outs, with the US and UK leading. US fiscal policy is moving from stimulus to tax increases – have earnings estimates factored this in? Does Europe’s vaccine catch up offer a buying opportunity? In his Monthly Macro Update, Steven Bell runs through the progress of vaccine roll-outs, how various lockdown restrictions are feeding through into economic data, and what this all means for the fortunes of financial markets.
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The value of investments and any income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount invested.
Views and opinions have been arrived at by BMO Global Asset Management and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.
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