No Ordinary Recession, No Ordinary Recovery
As a new economic and market cycle gets underway, we release our Mid-Year Outlook, 'From Fear to Prosperity: Investing in a New Economic Cycle'.
We expect a more rapid rebound than many others do. But just as the COVID-19 collapse is no ordinary recession, this will be no ordinary recovery. We believe the new cycle calls for a new approach to investing. While beaten-down bargains are less widespread, we identify markets with greater rebound potential. We also update long-term asset class return estimates and outline important allocation shifts needed to seek diversification in today's world of very low interest rates.