A momentous 2020 is behind us, and the country looks to be slowly emerging from the pandemic. Notwithstanding supply and distribution difficulties, more and more people are getting their shots; additional vaccines are nearing authorization, and we are seeing a decline in the daily number of new cases. This, along with critically important support from the Federal Reserve and fiscal stimulus packages, is helping to return the economy to health and boosting markets.
RE Advisers, the investment manager for Homestead Funds, is forecasting a rebound in economic activity starting around the second quarter of 2021 — a point where we believe that vaccine distribution will have gathered momentum. Very broadly, we see opportunities ahead for a number of sectors, notably information technology, health care, industrials and communication services. Read More.