Stefan Kreuzkamp is chief investment officer at DWS
Being cautious about 2022 doesn’t necessarily imply waiting for a ‘black swan’. We have enough ‘grey rhinos’ in the trading room. A grey rhino is a large, slow-moving, visible threat that is conveniently ignored. Most experts would agree, for example, that Covid-19 was a grey rhino rather than a black swan.
The...
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