The pandemic reshaped the market and created massive dispersion in performance between sectors, with the winners and losers largely sector specific. In our view, the industrial sector was the big winner, retail a long-term loser, and office holds both winners and losers.
If the previous cycle was defined by infrastructure projects, this second version of cyclical recovery focuses more on computer chips that are powering the world around us
Economic growth and inflation will likely peak in 2021 and then moderate in 2022 as fiscal and monetary policy support recede.
Geraldine Sundstrom, manager of the PIMCO GIS Dynamic Multi-Asset Fund on the shock of managing risk and returns in a pandemic, and how she successfully navigated the tumultuous waters of 2020 and 2021
The market is following a different recovery path in 2021, despite being in the early-to-mid part of its cycle. Should you be investing differently too?
Amid a global pandemic, challenge and uncertainty can serve to strengthen the bonds among communities, and inspire us to take action for a sustainable future.
The global economy is poised for a strong recovery. Inflation is likely to spike temporarily, but we forecast that much of this rise will reverse later this year.
Longer-dated Treasury yields have climbed as markets consider whether economic growth and inflation expectations might accelerate more rapidly. We believe inflation pressures will remain in check and bond yields will be range-bound.