Weltweit erholen sich die Volkswirtschaften langsam, aber sicher von der Corona-Pandemie, wie sich aus vielen Wirtschaftsdaten ablesen lässt. Allerdings dürften diese Daten in der nächsten Zeit schwanken. Ein gutes Beispiel dafür sind die Arbeitsmarktdaten in den USA, die kürzlich eine starke Divergenz zwischen den tatsächlich geschaffenen Arbeitsplätzen von 266.000 gegenüber den Erwartungen von einer Million Arbeitsplätzen aufwiesen. Auch bei den Inflationsdaten übertraf die Realität die Erwartungen extrem: Die Gesamtinflation betrug 4,2% gegenüber den erwarteten 3,6%. Laut Florence Barjou, CIO bei Lyxor Asset Management, könnten dies zwei Seiten derselben Medaille sein: Die Inflationsrisiken steigen und bestehende Portfolios müssen angesichts dieses immer
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