Luke Kawa, an Asset Allocation Strategist at UBS Asset Management, delves into the current macroeconomic landscape shaped by vaccine rollouts and fiscal stimulus. He discusses the challenges of adapting traditional investment models like the 60-40 portfolio amid rising rates. Kawa also explores the expected economic growth driven by a recovering economy and highlights the significance of U.S. and Chinese bonds in investment strategies. The conversation touches on the impact of retail investors and the need for a global outlook in asset management.