Is the recent risk rally sustainable?

November was an extraordinary month and the risky assets rally has, by far, exceeded our expectations. Is this rally sustainable and can the rotation to cyclical continue? What are the main risk events to monitor? 

Chapters details:

• 00'15'' Is the recent risk rally sustainable? 
• 01'37'' Four decisive risk events to monitor
• 03'54'' Is there still room for the rally and cyclical rotation to continue?
• 05'31'' Asset allocation preferences 

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Chapters

• 0:15 Is the recent risk rally sustainable?
• 1:37 Four decisive risk events to monitor
• 3:54 Is there still room for the rally and cyclical rotation to continue?
• 5:31 Asset allocation preferences