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Market strategists bullish about 2021 despite uncertainties
Xinhua |
Updated: 2021-01-03 10:00
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NEW YORK For equities, 2020 was an unprecedented year featuring a deadly pandemic, a brutal recession and wild market moves.
Heading into 2021, market strategists saw upswing potential ahead on expectations for a vaccine-assisted defeat of COVID-19 as well as a broadening recovery, warning of possible volatility as uncertainties remain.
Unusual 2020
The words I most associate with the 2020 equities market are that it was a year of extreme extremes in that COVID-19 hovered over the global economy and global markets in ways that affected every aspect of business and social activity, Quincy Krosby, chief market strategist at Prudential Financial, told Xinhua in a recent email interview, reflecting on the past year. ....

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