Last week global stock market was swinging between the bookend of the past year’s steady gain and this year’s volatility caused by interest rate fear. Major Global indices logged solid gains so far, having nearly one quarter of 2021 in the books. The stock market rebound over the last 12 months was exceptionally strong, following the sharpest 30% bear market recovery in history. All was driven by three factors, namely monetary policy stimulus, fiscal aid, and vaccine development and its distribution. This strong pyramid has policy responses in its core….
