2021 Global Market Outlook: The old normal
COVID-19 vaccine prospects should make 2021 a year of global economic recovery. Markets have priced in a lot of good news, but more gains seem possible as corporate profits rebound and central banks remain on hold.
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On November 11, 2020, the United States government issued Executive Order 13959, which prohibits U.S. persons from engaging in any transaction in publicly-traded securities in Communist Chinese military companies (as well as certain related securities) and which first became effective on January 11, 2021. We have taken steps as required to comply with the Order to the best of our knowledge and belief. We continue to monitor this matter to assess any potential impact or actions needed, as facts and circumstances continue to evolve.