The vaccine announcements provide hope for the resumption of robust economic activity, but the market and the country will need to navigate a hard winter before the distribution process is functionally underway.
During the election cycle, people wonder how each candidate or political party will impact financial markets. The specific party in the White House impacts market returns less than many people would like to believe.
There is anxiety about the near future and how it will affect financial markets. It's important to remember that short term variation is usually reversed at some point, averaging out to create consistent longer term results.
Q3 2020 Market Commentary A "K" shaped pattern recognizes the dramatic variation in recovery among different industries, demographics, and individuals, and highlights the current inequality in our economy.
The recent presidential debate highlights the disruption of interrupted communication. In the markets, and in our personal financial lives, effective communication allows us to form expectations and act accordingly.
Does disruptive change lead to action or paralysis? Whether you fall into the ‘hold tight’ camp or the ‘embrace the change’ camp or somewhere in between, it is key that your financial resources can support your particular life needs.
The market has been led higher by a small cadre of beloved stocks before. History shows us that not only has euphoria for a small group of companies existed in past moments, but these periods have occasionally lasted for extended periods of time before reverting to more reasonable levels.