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Louis Miller

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  1. Goldman Sachs6 min

    How Investors Are Preparing for Rising Inflation

    Louis Miller, Lou, Liz

    Recent shifts in trade-weighted dollars and commodity indices signal a transition from deflation to reflation driven by vaccine distribution, unified U.S. fiscal spending, and a flexible Federal Reserve policy. This macroeconomic environment is prompting investors to rotate capital from large-cap technology stocks toward small-cap value equities, real assets, and sectors poised for reopening or supported by renewable energy initiatives. Consequently, market expectations point to robust growth in emerging markets and cyclical opportunities as inflationary pressures reshape asset allocation strategies for 2021.