Macro Strategy Views – Reflation, equity rotation and the impact on credit markets

Today, we discuss whether the volatility experienced in particularly equity markets late last week is set to continue. Positioning and retail involvement suggest that more is in store but the macro-drivers - vaccine developments and Fed action – for the reflation theme to continue are still very much in place. We discuss the rotation dynamics in equities and the primary market’s influence on the secondary outlook in credit. Global Head of FI&C Research, Thomas Harr chairs today’s podcast and he is joined by Senior Equity Strategist Bjarne Breinholt Thomsen and Credit Strategist Mark Naur.