How to navigate the mid-cycle expansion

It's been over a year since the stock market bottom at the height of the Pandemic Panic. The market consensus has evolved from an early cycle recovery to a mid-cycle expansion, as evidenced by the BoA Global Fund Manager Survey.

What that means for investors? Here are the key questions we focus on:

• What's the outlook for the S&P 500?
• What will be the market leadership?
• What's the outlook for commodities, Treasury yields, and the USD?

The full post can be found here.