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Allaria: Market outlook for 2021, and why you shouldn t invest accordingly
Joe Allaria Wealth Advisor
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The beginning of every new year causes investment advisors and other financial “experts” to start releasing their market predictions for the upcoming twelve months. Many investors listen and may even adjust their investments accordingly. However, these “expert” predictions are frequently and sometimes drastically wrong.
So, before you put too much “stock” into the predictions swirling around about 2021, let’s take a look back at what these market analysts had to say about 2020, and how those predictions turned out.
Getting It Wrong on 2020 Outlooks
According to a Financial Advisor IQ article, Darrell Cronk, the President of Wells Fargo’s Investment Institute and Chief Investment Officer for the Bank’s Wealth Management Unit, said Wells Fargo did not believe a recession would happen in 2020.1 He also mention ....

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