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2021 Market Outlook: The Economy Goes Off to College

2021 Market Outlook: The Economy Goes Off to College

| December 22, 2020
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I am happy to share this recently published 2021 market outlook from my broker-dealer Cetera Advisors ...

The past year has been one for the history books with both crashing economic output and a subsequent bounceback, though with some sectors still not returning to pre-pandemic levels. While 2020 was a year to forget in many respects, it’s important to remember that, from an economic perspective, it could have been a lot worse.

Like a student leaving home to go to college, the U.S. economy will have to make it on its own without much financial aid in 2021. And like parents saddled with a high debt burden and a mortgage to pay, the U.S. government may be limited in its stimulus support going forward.

The future of the economic recovery will largely depend on containing the virus (not a good year to snooze through microbiology class) and getting workers back to work and consumers back to spending money. The recovery will be uneven, with distinct winners and losers.

Read the full outlook here...

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