MARCH MADNESS: STOCK MARKET EDITION
With the NCAA college basketball tournament getting underway this week, LPL Research is getting in the spirit with its own version of March Madness. Here we share our “Final Four Factors” for the stock market in 2021: Vaccines, Policy, Profits, and Rates. While we see several strong competitors in this field, we believe the likely winner of this tournament is clear, and it will push stocks higher over the balance of the year.
FACTOR #1: VACCINES
Perhaps the most important factor in assessing economic growth prospects The distribution of COVID-19 vaccines is bringing us closer to a fully reopened economy and is likely the most important factor in assessing economic growth prospects for 2021.Their importance to the outlook for the US economy and financial markets cannot be overstated.