Bubbles, tantrums and the revenge of value

Also Interesting

• Protectionism can end the expansion
• CIO Investment Outlook
• Weekly Brief

Bubbles, tantrums and the revenge of value

Rising UST yields amid hopes of economic recovery are causing the markets to question whether the Fed will pause its bond-buying programme. We don’t think the Fed will change its accommodative stance in the near term. However, investors should prepare portfolios for relatively high inflation in the long term by staying underweight but flexible on duration, and selectively benefitting from the rotation favouring Value and Cyclical stocks. In addition, investors …