Q1 2021 Market Outlook Shashi Mehrotra, Chartered Financial Analyst, Senior Vice President and Chief Investment Strategist. The opinions and predictions expressed herein are those of Shashi Mehrotra solely and not necessarily the opinions or expectations of Lincoln Investment or any of its affiliates. Such opinions and predictions are as of February 25, 2021, and are subject to change at any time based on market and other conditions.This material includes forward-looking statements that are subject to certain risks and uncertainties. Actual results, performance or achievements may differ materially from those expressed or implied. No predictions or forecasts can be guaranteed. Current market and economic data is as of February 25, 2021.Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. Important Disclosures and DefinitionsThe opinions and material presented are provided for informational purposes only. No person or system can predict the market. Neither asset allocation nor diversification guarantee a profit or protect against or eliminate the risk of experiencing investment losses. There are some risks associated with investing in the stock markets, including loss of principal: 1) Systematic risk - also known as market risk, this is the potential for the entire market to decline; 2) Unsystematic risk - the risk that any one stock may go down in value, independent of the stock market as a whole. This also incorporates business risk and event risk; and 3) Opportunity risk and liquidity risk. Advisory services and securities offered through Lincoln Investment, Registered Investment Adviser, Broker-Dealer, Member FINRA/SIPC. www.lincolninvestment.com.