Despite a bullish first quarter, recent events, such as reopening trades and impending tax hikes, might be slowing down the economic momentum. Director of Global Macro, Jurrien Timmer, looks across these asset classes and discusses what all these layers mean for the markets. Jurrien notes that the market can go up even if the world is falling apart. Jurrien mentions that the U.S. is in a great place with the COVID recovery. The country has accessibility to the vaccine, and 41% of the population is immune to the disease. As a result of the US driving growth, bond yields are going up, and emerging markets on a structural basis are good. Jurrien expresses his thoughts and P/E compressions and the infrastructure plan of the Biden administration. Jurrien also believes that the dollar could be going down. However, there could be a period where we see a strengthening with digital currencies, digital assets. Follow along with Jurrien’s charts on Twitter: @TimmerFidelity

Recorded on May 3, 2021.