In this section you'll find the latest Investment Clock views and positioning, Investment Clock insights and blogs, and a library of economic updates from the multi asset team.
Investment clock positioning
As at December 2020. Source: RLAM. For illustrative purposes only. Trails shows readings based on global growth and inflation indicators. Red dot is the current reading. Faint trail represents a positive scenario for future readings taking the corona virus impact into account.
An unexpected end to the expansion
Social distancing measures to counter the coronavirus pandemic brought an abrupt end to the ten year global expansion.
Extraordinary policy response
Policy makers responded by announcing extraordinary fiscal and monetary stimulus. This has led equity markets to rebound strongly.
Two way risk
We see two way risk, the distribution of an effective vaccine could see a sooner than expected return to normality which would be positive for global growth and stocks. However, with virus numbers rising quite dangerously in the US, renewed lockdowns or vaccine disappointment could spark a market correction.
The views expressed are the author’s own and do not constitute investment advice.