Surveillance: Stock Market Not Insane, Bailin Says
David Bailin, Citi Private Bank Chief Investment Officer, says corporate earnings and global liquidity will provide a tailwind for stocks going forward. Michael Gapen, Barclays Chief U.S. Economist, says several more months of fiscal benefits would be helpful to the economy before it can be self-sustaining. David Riley, BlueBay Asset Management Chief Investment Strategist, says it will be difficult for Europe to sustain a strong recovery because it is still dependent on global growth and trade. Lupin Rahman, PIMCO Global Head of EM Sovereign Credit, says the Covid-19 pandemic has been a liquidity shock for the bulk of emerging markets.
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