Insights

Amid all of the attention being paid to the coronavirus, there has been another development of late that may be more important for the broader markets

A sense of optimism, fueled by the results from the third quarter earnings season, has propelled many global equity markets to new highs in recent weeks.

Overall, the third quarter earnings reports have been met with a sigh of relief from most investors. They also confirmed that supply-related pressures are meaningful, and are likely to persist to varying degrees next year.

Global equity markets have gradually shrugged off some of the uncertainties created by the discovery of the new Omicron variant a few weeks ago.

Stock market and bond market volatility has returned after having been absent from the investing landscape over the past few months.