Not all is gloomy, however. The COVID-19 vaccine rollout is underway, giving us hope that we may turn the corner soon, with a more robust economic outlook in the second half of 2021. However, the recovery is still likely to remain uneven in the first half of the year as the services economy faces headwinds while distancing restrictions are in place.
The latest commentary from Cetera Investment Management highlights the areas of the economy poised to benefit most during the post-vaccine recovery, and outlines the potential setbacks that lay ahead. It may feel gloomy during these gray winter days, but there are reasons to be optimistic for the next phase of the recovery.
As always, please reach out to the office if you have any questions.