The Economy Goes Off to College
The past year has been one for the history books with both crashing economic output and a subsequent bounce-back, though with some sectors still not at pre-pandemic levels. While 2020 was a year to forget in many respects, it’s important to remember that, from an economic perspective, it could have been a lot worse.

Like a student leaving home to go to college, the U.S. economy will have to make it on its own without much financial aid in 2021. And like parents saddled with a high debt burden and a mortgage to pay, the U.S. government may be limited in its stimulus support going forward.

Flip through our 2021 Outlook for our perspective on what's coming next in 2021.

The Market Outlook is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.


“Cetera Financial Group” refers to the network of independent retail firms encompassing, among others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), Cetera Financial Specialists LLC, and First Allied Securities, Inc. All firms are members FINRA/SIPC.

Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.

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