Vestor Capital Quarterly Commentary
January 1, 2021
Major world equity indexes ended 2020 on a strong note, with all major indexes posting strong advances in the fourth quarter. Initial COVID-19 vaccine rollouts are preceding, and investors are growing more confident that life will return to normal, hopefully by mid-year. With the economy opening up, corporate earnings growth is expected to accelerate in 2021 and into 2022. Finally, election uncertainty is behind us and investors are growing more comfortable that whatever changes may come, equities are still a very attractive asset class given low interest rates and accelerating earnings growth. While the media sows fear with administration changes, historically most changes are incremental and not as drastic as some may think.
Continue Reading: Economic and Investment Outlook