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.
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.
This pursuit of technological leadership, and the pedestal for economic and ideological influence that accompanies it, drove overwhelming investment into research and development in the first space race.
Up or down, an undercurrent of uncertainty runs through the markets and current life. Yet, we need to make decisions, and we need to be able to move forward. Both Optimism and caution guide us as we engage in our work toward long-term growth.