Yearly Archives

2021

2020 Year in Review

Wednesday, January 13, 2021

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2020 Highlights The Covid-19 Pandemic was the dominant force impacting the global economy in 2020, leading to the first recession since the Global Financial Crises and most severe global recession since World War II. Despite the headwinds from Pandemic-related shutdowns, unprecedented Central Bank measures and large fiscal stimulus packages both in the US and abroad helped guide equities higher for the year. Key Highlights: • Pandemic shutdowns led to record GDP contractions in the 2nd quarter of 2020 • Monetary and Fiscal stimulus combined with business reopening created record GDP growth in 3Q20 • Economic momentum receded towards year-end amid…

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Monthly Market Update for December 2020

Wednesday, January 13, 2021

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Global equity markets had another positive month as the Pfizer and Moderna vaccines began to be administered around the globe. Markets received additional encouragement when the US Congress passed a second stimulus totaling $900 billion at the end of December. However, the latest virus surge continues to threaten economic momentum, leading to new lockdowns and weaker job growth. Optimism was further tempered as the vaccine rollout is so far…

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