Economies and stock markets experienced a shock last year when the first lockdowns took place to cope with the pandemic.
While everyone took to their electronic devices to stay in touch with their loved ones, or to entertain themselves with pubs and theatres closed, it suddenly became apparent which stocks were doing well out of the pandemic: online retailers, streaming services and supermarkets.
However, now that some countries are emerging out of lockdown, questions arise over which kind of companies will do well post-lockdown, and indeed which asset classes.
Inflation is an ever-present risk, given the huge amount of stimulus spending, and the pent up savings of people who have carried on working. Whether inflation does become a real issue is another problem, and will have a bearing on the type of assets investors will have in their portfolio.