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Capital Market Outlook

December 21, 2020

IN THIS ISSUE

  • Macro Strategy — Dollar Discoloration: Despite several years of overvaluation that would typically make the dollar prone to a correction, the greenback may simply suffer some further discoloration.
  • Global Market View — What We Learned in 2020: A good time to look back on the key lessons of an extraordinary year.
  • Thought of the Week — Scenarios for the S&P 500 through 2022: We introduce a scenario table which provides a rough indication of where the S&P 500 index’s central tendency could be.

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