Lithium to continue to lead the way
With the macroeconomic outlook remaining mixed and concerns about the impact of power shortages on industrial production on key economies, we remain concerned about the outlook for equity markets, even as they continue to march higher. A key factor, going forward, is likely to be the amount of tapering the Fed does. If it’s a lot then it is likely to impact wider market performance. As energy commodity prices continue to rise there is starting to be wider acceptance that inflation may be more structural than transitory (although not be governments or central banks as yet). Last month we suggested...