Investment Outlook: Recovery, temporarily interrupted
On the one hand, there are worries related to the second wave of the COVID-19 pandemic and the economic impact of lockdowns. On the other hand, there are encouraging indications about impending vaccines and a US election outcome that was well received by investors. Central banks and governments are also working hard to create better conditions, while prices of financial assets are fairly high in a historical perspective.“There may be more instability in the short term, since the powerful stock market recovery has led to greater sensitivity to setbacks. But if we lift our gaze a bit, the