Quarterly Bulletin Q1 - 2021

Even though the financial markets were a disaster just 12 months ago, euphoria reigned in the first quarter of 2021. The markets had become fertile ground for good returns due to a new President in the White House, who brought an end to the chaos of the last few years, more than enough fiscal and monetary stimulus and, above all, a surprisingly rapid roll-out of a massive vaccination campaign. And yet...