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Opinion: The end of the party looms for markets high on stimulus
1 Mar, 2021 04:23 AM
4 minutes to read
An economic boom could make last year s gains go flat for investors. Photo / AP
Financial Times
OPINION:
It was a jarring image. As deaths from the pandemic rose in 2020, financial markets high on government stimulus partied through a devastating global downturn. Most people expect the revelry to continue as economies recover. But now there are signs the recovery could turn into a boom and an overheating economy could end the market party. This year could unfold as a mirror image of 2020, with markets going flat amid soaring economic growth.