Video Series:

Macro asset-classes

“Our outlook remains positive for risky asset classes. We expect equities and commodities to have the highest return, and bond yields to move higher.” Marko Kolanovic, PhD, Chief Global Markets Strategist

Our pro-risk view is driven by the ongoing recovery from the pandemic, accommodative monetary stance from global central banks and still below-average positioning in risky asset classes.

Our highest conviction is in reflation, reopening, inflation and value trades (such as commodities, small caps, value stocks and cyclical sectors) over defensives, growth and low volatility segments.

We view the recent underperformance in these trades and bond rally as technically-driven, and we could use this as an opportunity to add exposure.