Small cap stocks have outperformed large cap stocks, suggesting the early stages of new economic cycle.
Q4 2020 earnings season may be the last in this earnings recession, and earnings may start to grow in 2021.
We favor stocks over bonds based on expectations for a strong economic and earnings recovery in 2021.
LPL Research explores policy changes affecting the stock markets in 2021, including taxes, regulation, and stimulus prospects.
LPL Research reviews 2020, the longest economic expansion and shortest recession on record, massive stimulus, low Treasury yields, and elections.
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