LGT Bank's Hofer on Markets and Strategy

The video discusses the potential performance of stock markets in the third quarter, focusing on developed markets like the US, Europe, and Japan. It highlights the economic boom and the role of pent-up savings. Inflation concerns and central bank policies, particularly in emerging markets, are examined. The video suggests a shift back to quality growth investments post-reflation trades. It also addresses the impact of global vaccination efforts and the Delta variant on market risks. Japan's cyclical economy is analyzed, noting its manufacturing and export challenges.

What are the implications of the cyclicals outperforming quality growth?

In what ways could the resurgence of the Delta variant impact economic recovery?