Capital Markets View – April 2021

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The US market hit all-time highs during the first quarter and a number of non – US markets joined the march upwards, including the Canadian and European equity markets. Those non-US markets have tended to have a healthy tilt toward value-oriented sectors such as financials, industrials and energy. Asian markets also accelerated with Japanese stocks reaching levels last seen nearly 30 years ago when Japan’s equity bubble burst, although it has come at the expense of valuations, which are rich versus history. While global equity markets continue to rally, several undercurrents are taking …