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"What a difference a year makes!” has become a familiar refrain of late. At the end of the second quarter of 2020, the world grappled with lockdowns. Every economic metric imaginable was flashing red as we all waited for an elusive vaccine to emerge. Twelve months later, we have vaccines (plural) and many places in the US and around the world are back to pre-pandemic norms. But how will the “Great Reopening” impact the economy and the markets?

Authors
Beata Kirr
Co-Head—Investment Strategies
Alexander Chaloff
Co-Head—Investment Strategies

The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams.

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