This report takes a first look at what the new Biden administration could mean for policy, the U.S. economy and asset classes.


It considers:

  • Policy priorities – fiscal, strategic, tax and trade
  • Fixed income market expectations, and implications for IG and HY spreads
  • Equity risk premiums and the importance of earnings


As the report concludes, the overall environment should continue to bode well for risky assets, but investors would prudent to keep expected future returns in perspective.



To download a PDF of the full report, please click here.

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