Investment Outlook: Positioning ahead of normalisation
The capital market is adapting to new conditions as we move from the dramatic recovery phase to more normal growth and inflation rates. We expect fiscal and monetary policy to move in the same direction, with stimulus measures slowly being dismantled. This will decrease market potential, but we still consider it positive.“We can be happy that the corporate sector has engineered a phenomenal earnings recovery, which is the main reason why stock market returns have been so strong. Such positive factors as a high global economic growth rate and continued corporate earnings increases are