Axiome Quarterly Q1 2021
JANUARY – MARCH 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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