Outlook 2021: A Return to Normal?
Commonwealth CIO Brad McMillan analyzes where the economy and markets are heading
As we consider what may happen in 2021, it’s useful to reflect on how we ended 2020—both the good and the bad. The election is behind us, which is good news. The bad news is that control of the Senate is still up for grabs, which means more political uncertainty. Turning to the coronavirus, the good news is that we now have multiple vaccines that are safe and effective. The bad news is that the third wave of the pandemic continues to worsen throughout the country. On the economic front, the good news is that jobs and confidence are holding up surprisingly well. The bad news is that the third wave is starting to slow the recovery, and many people will face a financial cliff at the end of the year. To sum it all up, it is the best of times—and the worst of times.