J.P. Morgan Asset Management - The Weekly Brief

08.03.2021 10:23 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die US-Wirtschaftstätigkeit scheint für einen starken Aufschwung im zweiten Halbjahr gut positioniert, da die pandemiebedingten Restriktionen gelockert werden dürften. Die US-Einkommen wurden 2020 durch staatliche Hilfsmassnahmen geschützt und haben vom Konjunkturpaket im Dezember erneut profitiert, was den Rücklagen zugutekam. Gleichzeitig mussten die Verbraucher ihre Ausgaben aufgrund der Corona-Beschränkungen in den Wintermonaten teilweise verschieben. Diese Kombination könnte dazu führen, dass die US-Bevölkerung ihren Nachholbedarf auslebt, sobald die Impfprogramme endlich einen wirtschaftlichen Neustart ermöglichen. Die bevorstehenden Konjunkturimpulse der Biden-Regierung dürften diese Erholung weiter befeuern und könnten dazu beitragen, dass sich die Rotation von den Gewinner-Aktien des Vorjahres zu den Verlierern fortsetzt, da die US-Verbraucher nur darauf warten, sich ihre Konsumwünsche zu erfüllen, nachdem sie letztes Jahr auf so vieles verzichten mussten.

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