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.
AB’s Co-Heads of Fixed Income weigh in on systemic risk, areas of opportunity and the hunt for yield in 2021.
After an extraordinary year, market distortions have created opportunities for investors to broaden equity exposures despite uncertainties about the recovery.
Municipal bond issuers’ financial health and resiliency—which helped in 2020—should support opportunities for active muni investors in 2021.
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.
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.
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.