CIO'S WEEK AHEAD: What does unlimited spending & relentless money printing bring?
TrackRecord Asia's CIO, Phan Vee Leung shares his weekly views on the market macro outlook:
With the US and UK out for Memorial Day and Spring Bank holiday respectively, market movements should be subdued at the start of the week. However, as Biden’s ambitious spending plan will work its way through Congress, the USD will likely weaken in the weeks ahead in anticipation of more money printing from the Fed, and more stimulus measures from the government. Asset prices will continue to rise, as a result.