A tale of two markets | August 2021 - a podcast by Smith & Williamson LLP

Bond and equity markets are telling a different story about the global growth outlook: equity markets have rallied significantly since the start of the year, while treasury yields have trended lower. Both markets can’t be right.*

We are sticking closer to the upbeat view taken by the equity market, believing that bond yields currently suggest excessive pessimism. That said, we are alert to a number of risks, including inflation and slowing global growth. 

* Source:  Refinitiv Datastream/Smith & Williamson, ONS, data as at 28 July 2021

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This episode was recorded on 03/08/2021

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