The Coronavirus pandemic has produced the largest economic ups and downs in nearly a century. In 2020, U.S. equity markets experienced both their all-time fastest bull and bear markets. Many countries saw their economies nosedive into recession territory, only to come out to mark some of the shortest recessions in history. A combination of factors including the U.S. presidential election, social unrest, and most obviously, the Covid-19 pandemic, fed into the year’s extremes. We learned a great deal about the resiliency of our country and its economy, and have emerged with the confidence that our nation can weather any storm, no matter how severe. Although Cypress Capital is optimistic for the trajectory of the sustained recovery, we anticipate further volatility through the year until we are truly back to “normal.”
Click the link to read the full piece.