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Capital Market Outlook

May 17, 2021

IN THIS ISSUE

  • Macro Strategy — What's Next for the Manufacturing Cycle?: The manufacturing index suggests cyclical momentum is as strong as we have seen in the post-war period.​
  • Global Market View — A Two-Tiered Trend in Emerging Markets: Emerging markets (EM) as a group have so far been relatively resilient.​
  • Thought of the Week — Reality Check: Some Inconvenient Truths about the Green Revolution: We believe we are on the road to a more decarbonized future namely securing a stable and cost-effective mineral supply.

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