Let’s pretend we’ve got a time machine to take us back to March of 2020 when the coronavirus was officially declared a pandemic (don’t worry, we won’t stay long). While people were binge-watching Tiger King or swarming the supermarkets to buy toilet paper, the global economy was in upheaval. Supply chains ground to a halt. Entire industries shut down overnight. And the stock market crashed—big time.
If you were checking your 401(k) during those days, you probably felt panicked as you watched your savings disappear. And even though the markets regained all of the ground they’d lost by the end of 2020, there’s a lot of worry and speculation out there about 2021.
We want you to be informed about what’s going on, but at the end of the day, worry will only cause harm, not good. In the middle of chaos, we must focus on what we can control: our attitude, our outlook and our actions.
So, will we see another stock market crash in 2021? Let’s take a look at some of the major factors to better understand where we’re headed.