With the wreckage of 2020 in the rearview mirror, investor optimism for the new year is high. After all, how could it possibly be any worse than a year marked by a deadly pandemic, a brutal recession and one of the steepest bear markets in history?
In contrast, 2021 is poised to be a critical turning point on several fronts — whether it’s the vaccine-assisted defeat of COVID-19, the resurgence of global economic growth, or the transformation of how we live and work in the digital age.
“At the start of the pandemic, who would have thought we would be in such a strong position just 10 months later?” says Capital Group portfolio manager Jody Jonsson. “We still have a long way to go and there is still a lot of suffering around the world, but we are at a point now where we can clearly see the end of this crisis and the foundations of a sustainable recovery.”