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(1) Consensus Overestimates 2021 US Growth (3 min read)
America’s labour market recovery is likely to be gradual with participation rates still well below pre-pandemic levels, writes Dominique Dwor-Frecaut. This is likely to delay the recovery leaving some downside for equities.
(Dominique Dwor-Frecaut│29th April, 2021)
(2) High Yield Floating on Declining VIX and Low Defaults (3 min read)
John Tierney looks at the unusual trend of the VIX following high-yield spreads downward. He retains his view that high-yield remains attractive, but sees equities as the better buy to maximize returns.
(John Tierney│29th April, 2021)
Ending Latin America’s Economic Malaise (Project Syndicate, 4 min read)
Smaller economic stimulus payments could boost consumer spending more (VoxEU, 6 min read)
Time to reform the prudential carve-out (OMFIF, 3 min read)
Europe greening the world: the “Brussels effect” on sustainable finance (ESM, 6 min read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)