09/30/2020 – Fiscal and monetary policy will support the economy in the coming quarters and years, but there are still serious disruptive factors. The trade conflict between China and the US continues to intensify, the course of US policy after the election in November has not yet been decided, the Brexit has not yet been settled by the end of the year and the pandemic continues to hold the world in its grip. Nevertheless, we believe that equities will remain the main value driver in asset allocation in the fourth quarter.
Read more in the current Strategy Update.
We would be happy to discuss our point of view and discuss alternative scenarios with you. We look forward to your feedback.