FLQG - Global Equities: 4 Things We Are Watching In 2021

• Global equity valuations appear to reflect the presumption that many regions of the world will reopen this year and GDP growth will rebound from 2020 levels when consumption picks up.
• Overall, we believe earnings multiples for global equities are generally reasonable based on history and bond alternatives.
• Monetary and fiscal stimulus, which are the primary drivers of liquidity globally, have ballooned during the pandemic.
• Despite our positive overall outlook on global equities, we believe investors should prepare for a period where more balance returns to the market.

For further details see: