With the year starting and the publication of the rating agencies revision calendar for 2021, it is time to take stock of the rating dynamics for EM countries.
With a Democratic US President now in office and a Democratic Congressional majority, investors may be tempted to predict where US equity markets go in the coming months based on which political party is in power. Our suggests that investors may want to use a more nuanced lens when constructing go-forward investment strategy.
Sentiment gauges rebounded sharply this year after a holiday-season dip, propelled by vaccine rollouts and “blue wave” US fiscal stimulus hopes. Enthusiasm for US small caps (and European stocks) is running notably high.