January 2021 Outlook 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.
Shock, Recovery & Strategy
The world changed dramatically over the last six weeks. A recovery is coming, but it will take a while for the economy, financial markets, and every-day life to return to normal.
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.