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Featured ACM Insight and Updates
– Q4, 2020 Economic & Strategy Updates
The stock market performed very well in the fourth quarter, despite a widely expected economic slowdown, as Covid cases worsened over the winter. This makes perfectly good sense, because investors are looking ahead to a reopening of the economy as the population becomes vaccinated.
One vaccine would have been a game changer. Two vaccines, with more coming, offer the prospect for a full return to more normal activity as vaccinations roll out. Investments that were harmed by the pandemic are likely to experience a recovery, while those that benefitted are likely to lag.
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