The bull market continues, with the S&P 500 Index now up more than 10% in 2021. With stocks up more than 80% from the March 2020 lows, the reality is a well-deserved break or consolidation could happen at any time.
The outstanding fourth-quarter earnings season we had in 2020 is a tough act to follow, but 2021’s first quarter has the makings of another potentially great earnings season.
While the pace of the inoculation programs implemented around the world has varied greatly, one thing is becoming clear from the data: More shots equal less COVID-19.
This week, we review an incredible earnings season and speculate on a potentially strong earnings rebound for 2021 and beyond.
Treasury yields started moving sharply higher this past month (remember that as yields go up, prices go down). And while the upward march began in earnest last August when the 10-Year Treasury yield bottomed at an all-time low rate of 0.50% based on closing prices, the past week we saw the 10-year break through the 1.25% threshold and touch 1.35%, a new high for the year.
This week, we review the increasing popularity of sustainable investing and how it can be a solid addition to any investor portfolio.
The resiliency of the US economy continues to exceed expectations, supporting our increased forecast for growth and corporate profits in 2021.
US debt levels have soared during the pandemic, but the market is taking it in stride, staying focused on reopening the economy.
Democratic control of Congress may not impact 2021 policy as much as many believe. The biggest changes may be around taxes, regulation, and stimulus prospects. With the elections behind us, 2021 policy is coming into focus.
2020 was a unique year, from the longest economic expansion ever to the shortest recession on record. Stock markets are forward-looking, and they want clarity on elections, too. Above all else, 2020 showed our ability to persevere.
