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.