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Kass: Here Are My 15 Surprises for 2021 2021 could be a year in which the S&P Index shows little movement in the first half, but market pressures might mount over the last six months. Dec 29, 2020 | 06:00 AM EST Like Diogenes with his lantern, I am, again in 2021, a cynic looking for truth (and an honest investor) - as I engage in my annual assault on the consensus and Group Stink. The politics of 2020 initially set the stage for the markets and the global economies but it was Covid-19 (and the policy responses) - a Black Swan and virus that no one expected - that framed the markets throughout the year. NO ONE expected the magnitude and swiftness of the recovery of the capital markets to all-time highs in December, 2020 as multiples reset higher based on the confidence in a ....