The past few months have been marked by a spectacular recovery in global equities despite the Covid-19 shock reverberating throughout the world. Equity prices have maintained their upward trajectory amid the massive liquidity injections from the US government and the Federal Reserve. However, after a long period of outperformance, global markets have been going through a rough patch in September. This makes investors wonder whether this is just a short-term pullback or the beginning of a bear market. Strengthening USD...
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