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Axiome March update 2021

Axiome March Update 2021

The end of March 2021 marks roughly a year from when Covid-19 became a global pandemic.  The pandemic is still raging in many parts of the globe, and sectors such as tourism remain in the doldrums.  Anyone presented with this picture a year ago would have been accused of having rocks in their head if they had predicted equity markets to rally 50%.  But that is what has transpired, with the broad MSCI World Index up over 50% in the year.  The three big lessons (or reminders) to take from this are:

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