Recovery, Yes. Expansion—Not So Fast

Investors looking for a hint of how the pandemic has affected the outlook for global markets received a message of somewhat restrained encouragement during the Carroll School of Management’s 2021 webinars. Despite the occasional blip in statistics like April’s anemic monthly employment gain, the participants were bullish, if not ecstatic, on the durability of the economy’s trending recovery and approving of the “democratization” of investing enabled by new technology.