What would the end of the pandemic mean for the bull market?


IN THIS QUARTER'S EQUITY OUTLOOK - Download PDF

Advances in equities continued through another quarter, but experienced investors know that a measure of caution is warranted. Today’s market is considerably one-sided, skewed heavily toward a narrow band of high-growth stocks. We see some trends that are rare for a recessionary environment and that are worth considering as we position portfolios.

We explore what makes this recession unique and why COVID-19 vaccine progress could be disruptive to markets. Members of our equity research team discuss the potential impact of the U.S. presidential election on a range of industries. And our Sustainable Investing team outlines how they seek an "active edge" versus passive ESG peers.

Large technology stocks lead in a market skewed towards growth