Rebalancing flows may lead to an exodus of around $300 billion from global stocks by the end of the year, according to JPMorgan Chase & Co.
BlackRock sees a tough winter ahead before vaccine deployment potentially rides to the rescue in 2021.
Even with the challenges of COVID, Berkshire reported an 82% jump in net profit for the July-through-September quarter.
Platform built to be robust held up well as the economy shut down. Instead of putting out fires, Jim Cannon's team spent the year onboarding accounts.