The World Is Days Away From Booking the Best Asset Returns in a Decade
- Oil and equities lead as almost every major asset is a winner
- But strip out price swings and corporate bonds, EM debt shine
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Unless a once-in-a-decade reversal hits, investors are about to book once-in-a-decade returns.
Virtually everything is winning in this remarkable year, and the world’s major asset classes are collectively on course for the strongest annual performance since 2009. Even in a go-slow week, the S&P 500 posted four record closes.