The strength of the U.S. economy provides some optimism, PM says.
Fixed income investors may need to look to non-traditional sectors.
U.S. home prices are one of the few economic measures that didn't plunge during the pandemic.
Fixed income investors may need to look beyond sovereigns and investment-grade corporates.
Investors must manage interest rate risk this year and beyond.
Inflationary pressure may not be transitory, portfolio manager says.