Outlook 2021 - The Great Acceleration

We have frequently thought the word “unprecedented” has been used far too casually to describe relatively ordinary events.  This said, 2020 was in the very literal sense of the word, a truly unprecedented year.

Never have governments locked down entire economies to fight a global pandemic.  Never have we seen such a rapid bear market – followed by the fastest recovery on record.  Never has an effective vaccine been developed in less than a year, and never has one been produced using mRNA technology.  The list of astonishing “Nevers” and “Firsts” could go on.

We enter 2021 anticipating successful vaccination programs and the reopening of our economy.  Accordingly, we are pleased to share with you Outlook 2021, our core economic thesis for the coming year.  Here you will find our expectations, as well as an in-depth discussion of how we arrive at various conclusions. 

Please click below to read the full Outlook 2021 report.