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Capital Market Outlook

December 7, 2020

IN THIS ISSUE

  • Macro Strategy — Profits Surge Validated Financial Market Ebullience — The current surge in corporate profits has put to rest suspicions of a disconnect between financial market conditions and economic fundamentals.
  • Global Market View — A Look at International Markets Despite the global equity rally, international equities remain historically undervalued compared to those in the U.S.
  • Thought of the Week — Market and Mergers & Acquisitions (M&A) Rebound the Fastest in Decades  Stronger business confidence is also behind one of the quickest M&A recoveries in decades.

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