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2021 will be a year of continued recovery, on the back of cyclicals and EM laggards: UBS

2021 will be underpinned by a sustained recovery from the pandemic-induced crisis, according to the Year Ahead outlook by UBS Global Wealth Management (GWM). While Big Tech and healthcare had their moments during the initial market rebound, it may soon be the turn of cyclical and value stocks to follow the rally — in addition to select emerging market (EM)…

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