
Midyear Outlook: Recovery on the horizon
KEY TAKEAWAYS Expect a bumpy path for U.S. markets in 2020 as the economy comes back online, followed by a potentially more solid recovery in 2021 Recoveries have been longer and stronger than downturns A great divide between winners and losers makes it a stock-picker’s market It’s better to consider staying invested than sit on the sideline The decade-long economic expansion did not end with a whimper. The coronavirus brought it to a screeching halt. U.S. gross domestic prod