China's Emerging Peak
Global Portfolio Strategy Third Quarter 2021
Reopening the global economy brings inflation pressures.
The greater risk is China's debt-fueled real estate bubble that may bring deflation.
Policy responses in the U.S. and China will determine the outcome.
A Daily Summary of Public Market Asset Class Returns.
Source: Data from IEX Cloud. CRM calculations. All returns are expressed in percent. One, Three, and Five-Year numbers are annualized rates. MTD = Month-to-Date. YTD = Year-to-Date. ETF represents indicative Exchange Traded Fund. Data updated at the end-of-day.