The upside potential for global equities is not exhausted given the fiscal and monetary stimulus. Since hitting bottom on March 23, 2020, global stocks have rebounded 75%.

Global equities are now 16% above their pre-COVID-19 peak, up 75%. Optimism is in order regarding oil prices, hence a preference for stocks in the energy sector.

In addition, according to the Bloomberg agency, Beijing plans to create a joint venture with the Chinese technological giants in charge of supervising the data of their customers. Nevertheless, regulatory reforms often turn out to be less drastic than the press suggests.

In addition, Chinese tech companies' regulatory inclinations could be tempered by the technological rivalry between the United States and China. Investors are advised to continue to position themselves for recovery, including by gaining exposure to the energy sector.