Capital Markets Outlook

Investing in a Time of COVID and Beyond



With 2020 behind us and the COVID-19 vaccination process underway, the expected trajectory of the economy and markets is becoming clearer. The AllianceBernstein Capital Markets Outlook details our Q1 expectations and offers allocation strategies for fixed income and equities.


2021 Outlook: Bond Investing in the Wake of COVID-19
2021 Outlook: Bond Investing in the Wake of COVID-19

AB’s Co-Heads of Fixed Income weigh in on systemic risk, areas of opportunity and the hunt for yield in 2021.

Should Equity Investors Change Course for 2021 Recovery?
Should Equity Investors Change Course for 2021 Recovery?

After an extraordinary year, market distortions have created opportunities for investors to broaden equity exposures despite uncertainties about the recovery.

2021 Municipal Outlook: Reasons for Optimism
2021 Municipal Outlook: Reasons for Optimism

Municipal bond issuers’ financial health and resiliency—which helped in 2020—should support opportunities for active muni investors in 2021.

2021 Outlook: Will Global Credit Be in the Sweet Spot?
2021 Outlook: Will Global Credit Be in the Sweet Spot?

Credit markets have staged an epic rebound from the depths of March 2020. But in a low-growth, low-yield world, we believe there may be more room to run in 2021.

A Road Map to the Coming US Economic Cycle
A Road Map to the Coming US Economic Cycle

With a greater level of clarity than we’ve had since the COVID-19 pandemic, we’re getting a better sense of how the US economy might shape up over the next few months, into 2022 and beyond. We see three distinct stages over that time frame.

Global Macro Outlook - December 2020
Global Macro Outlook - December 2020

With the imminent rollout of COVID-19 vaccines, we believe some version of global economic “normality” may soon return. Approaching 2021, the near-term outlook is brightened. Although we expect a difficult winter, global growth will likely accelerate as the new year progresses.