We are all grateful to put 2020 in the rear-view mirror and turn the page to 2021. Today, Ed Lambert and Alex Cabot of Birch Run Financial join Jon Gay for a 2021 economic outlook and what investors should expect in the coming year.
Ed breaks down the importance of COVID-19 vaccines, and why they are key to the expected economic recovery. If we can reach "heard immunity," consumers' pent up demand will help suffering industries, like restaurants and travel. The hope is, a year from now, we will look back on a solid 2021 and forward to a good 2022.
Alex then tackles the investor piece of 2021's Outlook. The market appears more optimistic than it did 6 months ago, with the assumption the vaccine rollout and administration will go according to plan. Overall, 2020 was a good year for the market, independent of the pandemic.
Bottom line: having a financial plan to anticipate any volatility will protect you against short term changes in the market.
Connect with Alex, Ed, and the team at Birch Run Financial:
Website: www.BirchRunFinancial.com
Email: info@birchrunfinancial.com
On Facebook: Birch Run Financial
On Twitter: @BirchRunFinance
Phone: (484) 395-2190