Continuity in Fed leadership: the market reaction

The latest episode of our Investment Insights podcast begins with a discussion between Mark Winterburn (Head of Investment Advisory UK) and Marco Stroili (Senior Investment Adviser) on the market’s reaction to the reappointment of Jerome Powell as Fed Chairman for a second term and linked to this our view on the US inflationary backdrop. The two then move on to the news that Europe is experiencing the highest level of new coronavirus cases since January and the economic impact we predict this to have. Finally, Julius Baer’s Eurozone country equity rating was introduced last week, so Marco provides an explanation as to why we recommend overweighting equity markets in France and Italy.