Read-across from private equity: Eye on the World 11/02/21

Markets further consolidated after recent gains, with dovish commentary from Fed Chair Powell, benign inflation data, and average Q4 earnings beats now at 17%. We focus on cyclical and international catch-up themes.

HOT TOPICS shows private equity had a relatively ‘good’ crisis with several implications for public markets from IT and healthcare deal focus to historic high US$1.5trn ‘dry powder’ remaining, and both opportunity and competition from SPAC boom.

16-page daily includes: Market recap and What to watch; Hot Topic analysis; Country and Sector allocation eye; Key views; US and global performance, valuation, earnings, and macro forecasts; and report Library.