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How to profit from a 'normal' world: Fortune's 2021 Investor's Guide

Defying a pandemic, logic, and even gravity, the S&P 500 rose a very healthy 10% between Jan. 1 and mid-November. If—or hopefully when—society tames COVID, should investors expect more of the same? Well, yes and no. Our in-house finance reporters and our panel of outside experts agree that the return of a more “normal” global economy in 2021 could reorder the ranks of winners and laggards, delivering big gains for some of this year’s most beaten-down stocks.