The so-called everything rally triggered by massive fiscal and monetary stimulus has left certain major markets behind while some previous winners have sagged recently, leaving investors to face a more complicated investment landscape in 2022.
Governments and central banks have since March 2020 rolled out multitrillion dollar support packages to soften the economic impact of the pandemic. That nurtured a strong recovery and a record-breaking comeback for financial markets, which has been so broad that some analysts and investors have termed it the ‘everything rally’.
The MSCI All-Country World Index of global stock markets is now on course for its third consecutive year of double-digit returns — its first such hat-trick in at least two decades.