– Risk assets rebounded sharply across the board, and Treasuries gave back some of recent gains.
– With less than a month to go in 2021, Large Growth takes the lead as the best performing style.
– Emerging markets rallied, but the performance was underwhelming.
– 6.8% inflation is pushing the Fed toward tighter policy, and rate increases will begin with the flattest yield curve in a generation.
![World Wrap](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/20211213-World-Wrap-pdf.png)