Settling in for the long haul – A dark year is giving way to a brighter outlook as the calendar turns, and the Fed has made clear its accommodation will be a way of life for the economy and markets. We look at what’s behind the Fed’s thinking, the fiscal stimulus that’s coming into view, and what this all means for investors. (pg 1 and below)

Too much too fast? – The major U.S. equity indexes continue to set new record highs. But a pullback may be in store as some warning signs have been developing. (pg 3)

Regional highlights: Canadian market set to end 2020 on positive note; ECB delays dividend normalization for EU banks; MSCI removes Chinese stocks from indexes. (pgs 3-4)

Please click here for full PDF report.

“Chance favors the connected mind.” ~ Steven Johnson, Where Good Ideas Come from: The Natural History of Innovation