Equity Outlook  |  Q4 2020

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

Putnam Investments

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 For use with institutional investors and investment professionals.

Next: A recession like no other


More from Equity Outlook

We explore what makes this recession unique, why vaccine progress could be disruptive to markets, and the potential impact of the U.S. presidential election on various industries.