January 2021 Middle Market Monitor
Economic indicators were mixed in December as the U.S. advanced along its recovery from COVID-19 with the early stages of the vaccine rollout beginning. The Consumer Price Index increased, the Consumer Confidence Index declined, while the unemployment rate remained unchanged over the month. The public markets saw a significant gain with the S&P 500 posting a gain of 3.7%. M&A activity increased, including cross-border transactions and leveraged buyouts.