Chart: An impressive recovery over a tumultuous year

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Successful vaccine development and policy support helped fuel the recovery across asset classes.

  • There are benefits to staying invested through short-term volatility. After considerable drawdowns driven by the onset of the COVID-19 pandemic, markets have seen a rapid recovery. Investors are looking ahead to growth as economies begin to reopen. 


  • Within a rising market, cyclical stocks have begun to outperform secular growth companies. We expect this trend to continue.


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