From Our Point Of View

The past 12 months unfolded like the second act of a drama. The first act, 2020, introduced the greatest global health crisis in a hundred years and the world responded by essentially shutting down the global economy. In the U.S., we experienced the fastest economic recession ever, and a one-third decline in the S&P 500 in a mere 33 days.

Global markets continue to show resilience as the economy recovers from the pandemic.