The capital markets will turn increasingly quiet in the week ahead as the Christmas holiday thins participation. If this is the season of goodwill, investors are lapping it up. Global equity markets are finishing a strong year on a high note. Record highs were recorded in the S&P 500 and the Dow Jones Stoxx 600. The MSCI Emerging Markets equity index is at its best level since August 2018. Risk assets are doing well, while interest rates have backed up. The CRB Index of commodities is at the year's highs. It is as if investors once again sense a synchronized recovery. There may be doubts over the magnitude of ... (full story)