Resurgence of the epidemic and slow economic recovery:
The infectious capacity of Omicron was delta2 5 times; Low severe rate
Vaccination in developing countries
Inflation fell slightly:
Inflation center rise
Salary rise
Impact of energy prices on global inflation
Normalization of monetary policy
Some countries have begun to raise interest rates
Fed from loose to neutral: taper accelerated, raising interest rates twice next year
US stocks are in the middle of the bubble.
Positive to neutral slightly positive
Us ten bond interest rate ceiling 225 ~ 250bp
Risk tip: the epidemic exceeded expectations, and inflation exceeded expectations, resulting in the Fed raising interest rates too quickly and triggering a market correction.
