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Capital Market Outlook

November 8, 2021


  • Macro Strategy — Energy Supply Uncertainty Rising: Risks of chronic energy shortages and higher prices are growing.
  • Global Market View — The $4.5 Trillion Trifecta for 2022: A Trifecta from U.S. consumers, U.S. corporations and the U.S. federal government represents future spending into 2022.
  • Thought of the Week — Rising Bond Volatility Portends Higher Equity Volatility: In our view, the recent volatility in the bond market is an early sign of a generally higher volatility environment for Equities in 2022.

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