In this commentary, we discuss the strength in US equity markets since the March lows, the improving economic environment, helped along by the vaccine release, and the policy changes we expect following the recent elections. We remain constructive on equity markets in 2021, with the caveat that a good deal of the appreciation based on the expected earnings rebound may have been pulled forward into late 2020.

Read the full 2020 Q4 Market Commentary for more…

2020 Q4 Market Commentary