As economies recover from the pandemic, volatility in economic data is to be expected. Yet, in the US, the large miss in the labour market report and the huge overshoot in inflation data are noteworthy. According to Florence Barjou, CIO of Lyxor Asset Management, these could be two sides of the same coin. Inflation risks are rising, and portfolios need to be reassessed in light of this still underpriced scenario.
Read the full analysis in our latest CIO Monthly.