Portfolio Manager Nick Schommer discusses his outlook for an accelerating and broadening economic recovery in 2021.

Key Takeaways

  • We expect an acceleration in gross domestic product (GDP) growth in 2021 as COVID vaccinations become widely implemented, leading to the full reopening of the economy.
  • Swift growth should allow equity leadership to continue to broaden outside of large-cap tech stocks to include small- and mid-cap stocks and a wider swath of the economy.
  • While we are cognizant of risks such as geopolitical tensions, rising inflation and the potential for bottlenecks from pent-up demand, our outlook remains constructive.