Reports and Surveys | February 23, 2021
As we start 2021, there’s a lot of discussion among market observers regarding the current stage of the economic cycle. Are we in the early stages of recovery after the pandemic or back to the late-stage environment we experienced in late 2019?
When the Segal Marco Advisors Investment Committee sat down recently to answer this question, our conclusion was that this wasn’t a terribly relevant construct in the face of the overarching characteristics that are embedded in the global economic picture.
Most of these features were true three years ago, one year ago, and appear to be accurate today. In effect, we believe we are reliving the pre-pandemic environment in a recycle of the reduced-growth environment that will be temporarily reenergized by stimulus and, we hope, some pent-up demand for spending, but still relegated to a long-term period of slow growth across the developed world.
In the Q1 2021 Investment Outlook you'll see our projected trends for:
We also look at trends in asset classes including equities and fixed income.
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