Travel and tourism at pre-Covid levels on the stock market but for Vontobel it is debt alarm

There is a risk underestimated by many in this phase of the market marked by cyclical rotation: it is that of the possible insolvency on high-risk corporate debt (high yield). “If I look at what is happening on interest rates on American stocks – reports Dan Scott, Vontobel’s investment chief – I think there is more than one reason to be worried”

Because?
The feeling is that the long wave of the bet on the vaccine has also dragged up many sectors that hardly …