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Welcome to the latest edition of Talking Data. Our Talking Data series seeks to offer timely insights into macro market themes along with macro data and its impact on the economy and markets.

I am Kristen Radosh of Arbor Research & Trading and I will be your host. Our presenters are Jim Bianco of Bianco Research and Ben Breitholtz of Arbor Data Science.

2020 was arguably the most unusual year in market history, highlighted by the shortest bear market and fastest recovery in market history.
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\\n\\u2022 What surprised and what went according to expectations?

\\u2022 How about risk adjusted returns?
\\n - How do you measure this and what surprised and what went according to expectations when viewed that way?

\\u2022 What should we look for in 2021?

Thank you for joining us today. As a reminder, Arbor Research & Trading is an institutional research and brokerage firm. Our two most prominent research offerings are Bianco Research & Arbor Data Science.
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\\n For further information on Arbor Research, Bianco Research and Arbor Data Science, please contact Gus Handler at gus.handler@arborresearch.com.