As 2020 comes to a close the economy remains smaller than it did a year ago and most small service industry businesses have continued to have unfortunate headwinds during this period of time. Big companies have not suffered much financial damage, and clearly big tech has allowed the economy to operate virtually.

We expect this to mean that the economy will continue to heal, but will take years to fully recover. Although there will most likely be dire stories over the next few weeks, we see the light at the end of the tunnel. We believe 2021 should be a much better year than 2020.

We hope you are all staying safe and persevering through this difficult period of time.

Our full 2021 outlook will be released shortly.

Nothing herein is intended to be investment advice. Investment in the stock market involves risk of loss. Past performance is no guarantee of future returns. The content contained in this article represents only the opinions and viewpoints of the Interlaken Advisors editorial staff.