


An Ongoing Recovery
Twelve months later, financial markets have recovered, and the economy appears to be on track. Some aspects of the economy are still struggling, but the stock market has hit new highs.

Favorable Tradewinds
Variable conditions are applicable in both the economy and stock market; just because the winds are favorable does not mean that an occasional storm will not appear.

The New EPS: Election + Pandemic + Stimulus
Heightened uncertainty is a drag on stocks, and the emotions surrounding an election can be quite strong.

A Time of Transition
Since the stock market low in March, financial markets have gradually recovered. The sprint chaos has abated, but anxiety remains high.

Tug of War
While the market has seen a strong recovery, the tug of war between policy makers and the virus is ongoing.
In the aftermath of the pandemic, both the economy and financial markets continue to strengthen.