Your browser is currently set to block cookies. Not all features of our website will work as intended. Please turn on cookies or check if you have another program set to block cookies to allow full website functionality.
Q4 2020 Global Markets Review & Outlook
Inside, you will find a summary of market activity and our market outlook.
- Expect an Above-Average Year for Global Equities: We anticipate a strong year for global markets tied to equities’ resilience, political clarity and continued vaccine development and distribution.
- We Believe We are Late in the Market Cycle: The 2020 downturn behaved more like an outsized correction than a traditional bear so the market cycle did not reset. The vast majority of our sentiment and market indicators point to this being a late cycle bull market, yet many forecasters expect early-cycle leadership.
- Investor Sentiment is Elevated but not Euphoric and can Remain High for a Long Time: Positive sentiment can reign for a while before equities reach a euphoric peak, with strong returns along the way. Monitoring sentiment will be key for investors in 2021.
