Investment & Economic Strategy Update — December 3, 2020
Well, it’s been a month and we are still waiting on the final results of the 2020 presidential election, however, no matter who is in the White House, the US and the world will continue to move forward and grow. Our current president has better policies for growth, in our opinion, however the US will grow regardless.
As a reminder, we are not currently invested outside of the US and we don’t see that changing in the near future. Europe is still a mess and its issues are even more magnified than they were prior to the COVID-19 pandemic.
Side note: There are several COVID-19 vaccines currently awaiting approval by the FDA which could help the country return to some sense of normalcy over the coming months.
The US economy overall will continue to pick up steam as we head into 2021, but don’t be surprised to see another 10-12% pull-back in the market and then a recovery.
Remember: Volatility in the investment market is completely normal! If you have any questions or concerns about your portfolio, give us a call, 800-618-8577.