111 days ago • Posted by Charles-Henry Monchau

A strong start of the year for risk assets

As highlighted by Mohamed El-Erian, "The strong 2021 start for investors (see data below) has come with an intensification of the co-dependent relationship involving markets and central banks: Markets love signals of more liquidity support, mainly but not exclusively from the central banks; and Central banks are now responding to even small unfavorable market moves".

Selected asset classes performance in 2020 and 2021 YTD