Skip To Main Content
circles illustration

2021 Market Outlook

Commerce Financial Advisors logo

2021 Market Outlook

December 2020

One thing perhaps we can all agree upon as 2020 comes to a close is that not many of us will miss it in any way, shape or form. Financial markets are already looking beyond the coronavirus and the outlook for 2021 is encouraging.

If someone told you back in spring during the initial stages of the pandemic and massive business shutdowns that we would likely finish with potential double-digit stock market gains, you might have labeled that person as not in touch with reality. Yet here we are. While the coronavirus will continue to dominate global economic news and political friction may be in force, we still expect the economy and equity markets to continue their rebound, propelled by positive news regarding the promising vaccines on the way.

The United States was already out of a recession by June (estimated) that began in February as the employment picture improved from May through October and the stock market recovered in a remarkable “V”-shaped fashion. While this was the deepest recession this country has experienced from peak to trough since World War II, it is also likely been the shortest.

We have entitled this year-end Outlook issue, “Bridging to the vaccine.”

View report


Past performance is no guarantee of future results, and the opinions and other information in the Market Outlook are as of November 30, 2020. The Market Outlook is a special report designed to provide investment information on economic markets for Commerce Financial Advisors' clients. It is intended to provide general information only and reflects the opinions of the Commerce Trust Company Investment Policy Committee.

Commerce Trust Company is a division of Commerce Bank. Securities and Advisory services provided through Commerce Brokerage Services, Inc., member FINRA, SIPC, and a registered investment advisor. Insurance products are offered through Commerce Insurance Services, Inc. Both entities are subsidiaries of Commerce Bank.

This material is not a recommendation of any particular security, is not based on any particular financial situation or need, and is not intended to replace the advice of a qualified attorney, tax advisor, or investment professional. Diversification does not guarantee a profit or protect against all risk. Commerce does not provide tax advice or legal advice to customers. Consult a tax specialist regarding tax implications related to any product and specific financial situations.

Mutual funds, annuities, and other investment products:

Not FDIC-insured

May lose value

No bank guarantee

Commerce Brokerage Services, Inc., Member FINRA/SIPC, is a wholly owned subsidiary of Commerce Bank. This site is not intended for use by, or to provide any information to, investors in any state where Commerce Brokerage Services, Inc. is not registered or in any jurisdiction outside the United States of America where such use would be prohibited or otherwise regulated. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

To view or print a PDF file, Adobe® Reader® 9.5 or above is recommended. Download the latest version.