This time last year, the biggest questions for investors were what shape the COVID-19 recovery would take, and how quickly the global economy would rebound. Terms like V-, U-, L-, and K-shaped recovery were bandied about and the broad consensus was that a sustained global recovery would only be possible if a vaccine could be found. Today, we’re seeing one of the most robust post-recession recoveries in 80 years. According to the World Bank, global growth is expected to accelerate to 5.6% this year, driven largely by the strength of the US and Chinese economies. The US economic boom The US economy is poised for supercharged growth this year, thanks to a combination of unprecedented fiscal stimulus and a successful vaccination program. With the economic reopening well underway, US consumers are starting to spend their stimulus checks and past year’s savings. Retail sales are 20% above pre-pandemic levels. US...