Why we should be optimistic about equities and corporate bonds

Equity and corporate bond markets have been quite erratic since 2017 (we look at the situations in the United States and the euro zone). But we believe investors now have reason to be optimistic about these markets, since: Risk-fre e interest rates will remain much lower than growth rates and investors will have to return to risky assets to obtain acceptable returns; Even though growth is slowing down, corporate profitability remains strong; We cannot see any mechanism that could trigger a recession .