„Das Blatt beginnt sich zu wenden – das gilt für die Pandemie, aber auch mit Blick auf vier Jahre unorthodoxe US-Außenpolitik“, so die Experten des Lyxor Cross Asset Research Teams. „Die Investoren blicken auf eine Lage im Jahr 2021, die so günstig ist wie wohl seit Jahren nicht mehr.“ Die Normalisierung der Weltwirtschaft dürfte sich beschleunigen, inmitten geringerer geopolitischer Unsicherheiten, immer noch reichlich vorhandener globaler Liquidität und großer angesammelter Ersparnisse, die wieder in Umlauf gebracht würden. In der Zwischenzeit dürften Bedrohungen und Verzerrungen durch beispiellose geldpolitische und fiskalische Anreize nicht sofort zu Buche schlagen.
Daher sollte sich das Augenmerk der
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