Defining the current investing paradigm for equities

Transitory inflation will still lead to volatility through 2021

“I haven’t spoken to my wife in years. I didn’t want to interrupt her”

If it wasn’t clear at the start of 2021, it should certainly be clear now that we are currently in a very different investing paradigm to 2020. This isn’t particularly surprising. As the equity market anticipates a post-recession recovery, leadership tends to shift to more cyclical se…