Q1 2021 Markets Summary: A Change in Leadership Across Stock and Bond Markets
Struggling investment classes and sectors turned in strong performances with hopes for progress against COVID-19.
Commentary
One theme dominated market trends in the first quarter - just as it did in Washington D.C.: a change in leadership.
With hopes for progress against COVID-19 leading to optimism about the economic rebound, struggling investment classes and sectors turned in strong performances. At the same time, the corners of the markets that had been hot - in some cases for years - turned cold.