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Capital Market Outlook

November 30, 2020


  • Macro Strategy — U.S. Consumer: Locked and Loaded for 2021 — Real consumer spending growth in the year ahead could be the fastest we have seen in decades.
  • Global Market View — Two Planks for Growth Under the New Administration  Foreign trade and immigration are important determinants of long-term economic growth and U.S. corporate earnings.
  • Thought of the Week — Merrier Investor Sentiment but No Euphoria — Investor sentiment has turned more bullish in November.

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