The supply of money in 12 of the world’s biggest economies exploded higher in 2020. The Fed, ECB, BOJ and BOE own financial assets that now equal more than 50% of their countries’ combined GDP. Yields on investment-grade debt worldwide average less than 1%, while the amount of debt with yields below zero topped $18 trillion in 2020. Yields on junk bonds have never been lower as investors accept little to own the riskiest debt. Global equities continue to rally despite near-record high valuations. Bitcoin surged to a record as some investors worried about the value of traditional currencies. 2020 has certainly laid down the foundations of a new market model paradigm.
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Myself
As an Investment Consultant and Specialist, Pompeo Pontone is a Professional Investor with 25 years’ experience in the fields of Investment Management and Quantitative Finance, with advanced expertise in Computer Science and Data Science.