Turning the corner: New Biden administration will see new approaches in jumpstarting America's economic revival

Deep Dive into US equities

Investors always underestimate the US's ability to bounce back from a crisis, but its economy is very different from markets in Europe.

The lack of safety nets means that disruption, however it is caused, leads to rapid change. Companies have huge flexibility to shed jobs and recruit rapidly as and when needed. This led to some pretty scary numbers at the peak of the crisis, but it was also the reason for the strong rebound. Full-blooded capitalism means just that, and as some companies went to the wall, others were chomping at the bit to take their market share. Recovery will broaden The recovery in 2020 was narrow and we can expect this to widen as vaccines are rolled out and economies open up. The main driv...