The strong market continues where the big theme is continued support. But it is just not us who are worried about what will happen in the next step. Will aid create a new wave of inflation? What will happen when the aid is to be withdrawn and the economies have to manage on their own?

The major stimulus from central banks that explains much of the price rise in both the equity and commodity markets are unlikely to end soon. This is since Janet Yellen now takes over as minister of Finance in the new US government, at the same time as the incoming president Joe Biden has started to talk about trillions of USD in support. It may also explain the rising inflation expectations we have seen recently.

Find out more in our weekly letter on certificates.vontobel.com: Read the weekly newsletter here.
 

About Carlsquare

Carlsquare is a Pan-European research firm and financial advisor, focusing on M&A, Equity
Research and Growth Equity. Carlsquare has 70+ employees with deep sector knowledge in all 11
GICS sectors. The senior equity research team have an extensive experience about the stock
environment and several business sectors. The team produces company research reports,
independent valuations and trading notes. The group have offices in Berlin, Copenhagen,
Hamburg, London, Munich and Stockholm. Read more

Contact
MARKUS AUGUSTSSON
Head of Equity Research
markus.augustsson@carlsquare.com
+46 (0)76 235 03 20

About Vontobel:

As a globally operating financial expert with Swiss roots, Vontobel specializes in wealth management, active asset management and investment solutions. Digital Investing bundles different investment solutions for private investors either directly or via ecosystems. Read more

Attachments

Concern about inflation continue to push bitcoin and commodities