10: Farewell 2020, Hello 2021!
A look at what may lie ahead in 2021 for the economy, Federal Reserve, and markets. Guests: Brian Robertson, portfolio manager at Pacific Asset Management, and Max Gokhman, head of Asset Allocation at Pacific Life Fund Advisors.
Posted December 17, 2020
Market reflections on 2020 (2:11)
Where is the U.S. economy in the business cycle? (5:35)
Economic forecasts for 2021 (6:42)
- GDP estimates
- Timing of next stimulus package
- Unemployment numbers
- Tax increases
Chances of a no-deal Brexit? (12:50)
What to expect with tariffs (14:07)
Any Big Tech breakups on the horizon? (15:27)
Federal Reserve (Fed) discussion (19:23)
- Credit facilities
- The Fed’s stance
- Treasury curves
- Interest rates
Capital markets (26:54)
- Equity markets
- Fixed income
Georgia U.S. Senate runoffs (32:12)
The return of concerts (32:19)
The return to normal for restaurants (32:57)
Attendance at the Tokyo Olympics (33:06)
Chances of Los Angeles Lakers repeat (33:52)
Pacific Asset Management LLC is the sub-adviser for the Pacific Funds Fixed-Income Funds. The views in this commentary are as of December 17, 2020 and are presented for informational purposes only. These views should not be construed as investment advice, an endorsement of any security, mutual fund, sector or index, or to predict performance of any investment. Any forward-looking statements are not guaranteed. All material is compiled from sources believed to be reliable, but accuracy cannot be guaranteed. The opinions expressed herein are subject to change without notice as market and other conditions warrant. Sector names in this commentary are provided by the Funds’ portfolio managers and could be different if provided by a third party.
Pacific Life Insurance Company is the administrator for Pacific Funds. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
Pacific Funds and Pacific Asset Management LLC are registered service marks of Pacific Life Insurance Company.
For financial professional use only. Not for use with the public.
"Getting Credit" Host:
Dominic Nolan, CFA
Senior Managing Director
Pacific Asset Management
An in-depth discussion with Evercore ISI analyst Umer Raffat on the coming COVID-19 vaccines, including trials, safety, distribution, and a possible timetable for normalcy.
Continuing the discussion with lobbyists Seaver Sowers and Allison Shuster from Government Relations at Pacific Life.
Dissecting the 2020 election: Surprises, trends, and what’s next.