By Kristina Hooper, Chief Global Market Strategist
The first half of 2020 has been unexpected, to say the very least. Our outlook for the year quickly became obsolete with the rapid spread of COVID-19 and accompanying lockdowns across the globe, which have stymied economic activity and caused an unprecedented destruction of demand.
Which brings us to our mid-year outlook.
Admittedly, it’s a challenge to craft a six-month outlook in the middle of a global pandemic. Nonetheless, tumultuous times call for a focus on what we have historically learned about market and business cycles. From past