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Capital Market Outlook

November 15, 2021


  • Macro Strategy — Back To the Races: Nominal gross domestic product growth has reaccelerated, supporting our view that it will continue to surprise to the upside in 2022.
  • Global Market View — What the Political Tea Leaves Portend for the Markets: According to recent polling data, there could be a challenging political backdrop heading into 2022 but based on history, markets don't mind a divided government.
  • Thought of the Week — EM: What If Elon Musk Launched Tesla in South Africa?: One key reason we prefer U.S. Equities to Emerging Markets (EM) Equities is because a fair amount of EM top talent is hunkered down in the U.S.

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